Should You File For Bankruptcy With No Money?

Should You File For Bankruptcy with No Money? The cost of a bankruptcy is always a concern for debtors. The reason people file for bankruptcy in the first place is that they’re in dire financial straits. They have outstanding debts that they cannot repay. However,...

Cash in the 401(k) or File for Bankruptcy?

Maybe you have lost a job, making it difficult to stay current on mortgage payments. Maybe an illness or prolonged sickness has created medical bills you can’t possibly pay. With these financial pressures, you find yourself using credit cards more and more often just...

How to Deal With Bankruptcy as a Senior

While everyone who goes through bankruptcy feels fear and uncertainty about the future, it tends to hit seniors a bit harder. Younger individuals have a lot more time to recover financially. However, if you are of retirement age and have just filed for bankruptcy, you...

The Three Classes of Debts

You will be able to understand how bankruptcy works much better once you understand the three main classes of debts. Bankruptcy law does not play favorites with your creditors, except when those creditors are legally different. The most basic way that creditors are...

How Can I Pay for the Bankruptcy Attorney I Need?

It is a frustrating fact of life that whenever you need valuable professional services, you generally have to pay for them. That’s true whether you need an electrician to replace your home’s main circuit breaker panel, a dentist to give you a filling, or a bankruptcy...

Keeping Your Car During Bankruptcy

While it goes without saying, it’s important to remember that a car loan constitutes a legal agreement between you and your creditor. As such, if you fail to make car payments it is within the legal rights of your creditor to repossess your car. It is important to...

Avoiding Identity Theft — What You Can Do

While a “wired” world has brought a number of conveniences — everything from online banking to tax returns filed over the Internet — it’s also created opportunities for criminals. Today, most people know someone who has been a victim of identity theft. What, then, are...

Avoiding Charges of Bankruptcy Fraud

It is very rare, but if someone does something improper before the filing of their bankruptcy case, it could cause a problem with their case being approved. For very serious and intentional violations, someone could be charged with bankruptcy fraud. In order to avoid...

A Secured Debt: What Is It?

When you are filing for either Chapter 7 or Chapter 13 bankruptcy, it is crucial to know the difference between a secured debt and an unsecured debt. The characterization of your debt can impact the fate of your personal property. Secured Debt Defined A secured debt...