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Bankruptcy : Business & Finance

Steps to Become a Judge

Judges are highly respected and accomplished members of society. By its very nature, the position of judge carries with it great power and responsibility. A judge often holds a person's life in her hands. Not surprisingly, the path to becoming a judge is a long one and requires years of education an

How to Apply for Government Funding to Pay Bills

Millions of Americans struggle to pay their bills on a regular basis. Many do not realize that they may be eligible for government grants, which would help pay for personal expenses. The easiest way to apply for this funding is through the Grants.gov website. Researching various grants and opportuni

How to Eliminate My Debt

Debt can sneak up on anyone. All it takes is a missed payment here and there or a few extra charges on a credit card. Before you know it, your debts have built up beyond your ability to pay them. Resist the tendency to ignore money trouble; instead, determine to get out of debt. Start by creating a

Bankruptcy Vs Debt Settlement - Comparison Between Bankruptcy and Debt Settlement

These days the unsecured debts elimination is discussed the most. Every consumer who is in massive debts is in search of ways to eliminate them. Although it is possible to eliminate debts, it is not so easy to get elimination of loans in this time of recession. The recession has made it difficult to

2 Benefits of Personal Bankruptcy

As we get more familiar with the term bankruptcy these days you also should know the benefits. With all the options available for people with debt problems bankruptcy is the only one that provides legal protection.

Bankruptcy In Ottawa Is Possible

If you feel like you're the only one struggling with debts, this isn't true. There are millions of people trying to find a way out of debt, and trying to hold on financially. A great way that you can try to save your life is filing bankruptcy, and you may want to talk with an attorney befo

House Questions for Bankruptcy 13

Filing for Chapter 13 bankruptcy is a legal process in which a debtor is absolved of all liability for his outstanding debts. Chapter 13 bankruptcy differs from other types of bankruptcy because the debtor can usually elect to keep any property he owns. Other forms of bankruptcy require...

What Debts Cannot Be Discharged In Bankruptcy?

The good news is that most debts are usually dischargeable. A discharge eliminates the legal obligation to pay the debt that was discharged and prohibits any and all collection actions to attempt to collect the discharged debt.

How to File for Chapter 7 in Connecticut

The Founding Fathers placed the right and responsibility of creating bankruptcy laws with the U.S. Congress, under Article I, Section 8, of the United States Constitution. All bankruptcy case are heard in federal bankruptcy court, usually in the district where the petitioner resides or has his prima

Can Your Wages Be Garnished Without a Court Order?

In most cases, a creditor can only garnish your paycheck after winning a lawsuit against you. However, certain creditors, including federal agencies, can garnish your wages without a judge's order.

What Is an IVA Debt and How Does It Work?

An Individual Voluntary Arrangement (IVA) is a payment plan that is formalized between the creditors and you. In most of the cases, this plan is set for you to make lower payments on your debt balances in an attempt to pay back a portion of the amount you owe. When five years have passed on this pla

Bankruptcy Discharge Papers

Have not heard about bankruptcy discharge papers? You will be the happiest guy on earth to receive this when you are declared bankrupt.

Are There Benefits to Bankruptcy?

This article will review the benefits of filing a bankruptcy. There are different types of bankruptcy filings and filing the correct one is important based on the individual's financial situation.

Ways And Means To Avoid Bankruptcy

Typically when you state that you are bankrupt it means that you are incapable of repaying your existing debts. The procedure for bankruptcy begins when either you, as the debtor or the creditor who has lent you money file a petition.

Can Just One Spouse File Chapter 7

Can just one spouse file Chapter 7 bankruptcy? The simple answer is yes! There are a lot of situations where either the husband or wife has incurred a great deal of debt and the debt is in only one of their names and only one of them is obligated to pay the debt.

What Is The Cost Of Declaring Bankruptcy And Are There Any Other Options?

A lot of people are running into financial difficulty these days - especially with a lot of major corporations going through layoffs and buyouts. What this means is that a lot of people find themselves suddenly unemployed and it may take some time to get another good paying job.

Bankruptcy Laws - What is Important to Know?

In general there are six laws or Chapters that stipulate the procedures and guidelines one must take when filing bankruptcy. Of these, three are limited in scope. They arelaws (Chapter 9, Chapter 12 and Chapter 15). Chapter 11 of the Bankruptcy laws only applies to businesses.