Most people who file bankruptcy have a household income of $50,000 to $100,000 per year. They are stuck in the bankruptcy box. The reason is that if those households make enough money to have protectable assets, but not enough money to survive an unexpected financial hardship.

Significant Changes to the Bankruptcy Code under the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (BAPCPA): The Presumption of Abuse and Qualification for Chapter 7 Discharge

The Dutch Bankruptcy Act, instituted in 1896, has undergone several changes since its introduction. There are three types of bankruptcy or insolvency procedures regulated under the Act.

Bankruptcy attorneys provide all levels of support for debtors filing for bankruptcy. A debtor might pay for full-service representation, unbundled services or for a one-time consultation. Fees vary depending on the service provided.

A limited liability company, or LLC, combines the tax benefits of partnership—where taxes rates are based on the individual partners' incomes rather than the company with the limited liability of a corporation—a partner's liability is limited to what he invested into the company. Washing

Bankruptcy filings are high when unemployment levels are high and home prices are declining. The number of filings drops significantly when home prices are appreciating and unemployment is low or at normal levels. The federal government regulates bankruptcies, so filings are not subject to state or

Residents of Florida must meet requirements to file Chapter 7 bankruptcy.florida secret image by feisty from Fotolia.comThe federal judiciary oversees all bankruptcy litigation. However, each state has been assigned a number of judicial bankruptcy districts. While the basic requirements...

When the phone rings, does your blood run cold? Do you fear checking the mail, knowing that there could be more demands for money that you just don't have? Wage garnishments, lawsuits and mor

Any legitimate business undergoes their individual financial crunches. With the changes in the economy, every commercial institution faces its own problems with finances. When the situation is irresolvable over a period of time with creditors continuously asking for payments, Bankruptcy is imminent.

Those individuals who are considering declaring bankruptcy should certainly comprehend the basics of the choice. When you study bankruptcy options and start to understand what bankruptcy is all about,

The Law office of Christopher A. German, LLC provides the finest solutions for filing Chapter 13 Bankruptcy cases in Denver. With the help of team, the company earned immense popularity in the country

Having filed a Chapter 13 bankruptcy case, you need to know about all of the options that are available to you. In many cases, when a person files this type of case the presumption is that she wants to retain possession of her home. However, it is possible for you to surrender a house in Chapter 13.

Chapter 11 bankruptcy protection allows an individual or company to reorganize his debts in an attempt to manage his finances. Considered the most flexible of all the bankruptcy protection chapters, it can be the most expensive to implement due to the complexities of its codes. As the rate of succ

Bankruptcy is the last thing on most peoples mind when their struggling to pay their bills. However, there are times when bankruptcy is absolutely necessary. Why wait to late to seek the advice and assistance you need?

There are a lot of bankruptcy charges applicable to any person with bad credit and overdue payments. Bankruptcy is a serious life crisis and getting out of it is equal to rebirth for you. File business bankruptcy or any other related bankruptcy online. Don't take a chance and hire a trusted ban

Credit score is a crucial part of our society. Without a good credit rating, it is quite tough to obtain significant things including house, property and also vehicle.

How to protect and distribute the property and assets of someone who died can pose a thorny issue. Under Georgia law, a trust fund often provides reassurance that an individual's family will be cared for after his death. The person who manages the trust fund assets is known as the trustee, and the t

Chapter 13 bankruptcy is a type of personal bankruptcy filed in the federal court system wherein the Chapter 13 case is assigned to a Chapter 13 trustee. Chapter 13 bankruptcy is essentially an extended repayment plan created to make payments to a trustee for a term of three to five years. The Cha

The role of a mayor varies from city to city. But some common duties and responsibilities exist in a majority of cities in the United States.

All of South Carolina is served by a single bankruptcy court that has three divisional offices interspersed across the state. Bankruptcy is a federal process, but each state has local rules that control how to file and where. Federal law requires credit counseling prior to filing and sets the qualif