Browsing Category

Bankruptcy : Business & Finance

How to Garnish Wages on a Judgment in Alabama

In Alabama, the winner of a money judgment --- the judgment creditor --- has a legal right to the property of the judgment debtor in an amount that satisfies the judgment. If a third party holds money payable to the judgment debtor, the judgment creditor may initiate garnishment proceedings against

How to Use Your 401(k) to Pay Bills

For-profit companies can offer 401(k) plans to their employees as a way to help them save for retirement. These plans severely restrict withdrawals from the account before age 59 1/2 to times when you leave employment or suffer a permanent disability. However, the Internal Revenue Service allows pla

Chapter 13

Chapter 13 [http://www.totaldebtrelief.net/bankruptcy/] bankruptcy filing is a way for individuals in the United States to undergo a financial reorganization supervised by a federal bankruptcy court. The Bankruptcy Code anticipates the goal of Chapter 13 as ...

Can You Lose Your Guns in a Bankruptcy?

Bankruptcy exemptions and property values determine which assets you can keep in a Chapter 7 bankruptcy and how much you have to pay in a Chapter 13 bankruptcy. If you own guns, the state you live in and how much the guns are worth can play a role in whether you can keep them.

Filing For Bankruptcy As a Cure For Insolvency

Just the thought of declaring bankruptcy paints harsh, even repulsive, pictures in our minds. But for a huge number of people currently struggling with a sinking economy, it could be their only recourse.

Rebuilding Credit After Bankruptcy Proceedings

Being declared bankrupt spells doom for most people because it taints the image of the debtor. Furthermore, one is bound to miss out on many other opportunities like leadership in any given company. This is why many people are looking for ways of rebuilding their credit after bankruptcy.

How to Handle a Deceased Spouse's Bills

The grief of losing a spouse can be compounded by the stress of having to deal with his debt obligations. Unfortunately, people are often unprepared for such a situation, which leaves them vulnerable to creditors. Although you don't have to prepare a game plan the day after your spouse passes away,

Quickest Way to Pay Off Debt

Getting out of debt can seem like an uphill battle. The stress and strain you face can be overwhelming and depressing. But it is possible to gain control of your finances. When the bills arrive in the mail, confront them and get busy with your plan to get out of debt. Here are some tips on the qui

Chapter 7 Bankruptcy Information - Get The Facts On The Filing Process

Do you have unmanageable debts? Is the prospect of paying your monthly credit card bills giving you sleepless nights? Are you having a tough time meeting monthly living expenses and loan repayment bills? If your debt burden has become too much for you, you may have considered filing for bankruptcy.

Do You Take Your Spouse's Debt at Marriage?

When you're single, you're responsible for your own debt under most circumstances, unless someone co-signs for you. Marriage complicates debt responsibility. Depending on where you live and what you do with the debt you have, you could end up responsible for some or all of what your spouse owes, eve

Can You Stop Garnishments on Your Check?

In the United States, wage garnishment can take up to 25 percent of an individual's disposable income after taxes under the Consumer Credit Protection Act, according to the U.S. Department of Labor. Wage garnishment can exact a devastating financial toll on individuals who can barely make ends meet.

Can You Get a Car Loan With 55 Percent Debt to Ratio?

Having a high amount of debt makes it difficult to get an auto loan, but not impossible. The catch is that any loan you get is likely to have a higher interest rate than it would if you had less debt. By lowering your ratio, you can improve your chances of getting the loan you want.

How to Dispute Collection Agencies

Consumers sometimes find themselves in debt. Creditors often hire collection agencies to collect the debt on their behalf or they sell the debt to the collection agency outright. These agencies then come after you for the balance owed plus accrued interest. Still, just because someone says you owe a

Will the US Government Face a Bankruptcy Filing?

The whole world is on fire financially and the US is not immune from the problem. It seems the government has a spending problem and not a debt problem. The United States is quickly burning through its budget to quickly run into the debt ceiling once again.

The Best Way to Pay Past Due Debts

Debts are at all-time highs and savings all-time lows. People from Los Angeles to New York are trying to find ways to pay past due debts and eliminate them entirely. Each situation is unique, so there isn't a one-size-fits-all formula. However, no matter your situation, getting organized, transferri

If I Go Into Foreclosure, Do I Need to File for Bankruptcy?

In some cases, a foreclosure places consumers in danger of losing other assets to the mortgage company--leading some former homeowners to seek asset protection through bankruptcy. Whether or not to file for bankruptcy, however, is a very personal decision and not necessary in all foreclosure cases.

California Bankruptcy - Options For Tax Bankruptcy

When it is about California bankruptcy, there are two options for tax bankruptcy as per chapter 7 and chapter 13 respectively. As per chapter 7, the trustee appointed by the court liquidates all the assets of the taxpayers while as per chapter 13, the payers get a chance to continue with their busin