As noted above, many have filed for bankruptcy as a result of the crisis. For many small business owners, Chapter 13 bankruptcy may be an option to reduce or eliminate debt. By going through Chapter 13, business owners may be able to obtain lower interest rates and better loan terms, while maintaining ownership over their business and assets. Moreover, individuals may keep their personal property such as their home and vehicles.
Source: sanfrancisco-bankruptcy-attorney.com
Video: Colorado Bankruptcy | File Bankruptcy for $0 Money Down | Colorado Bankruptcy
ex spouse considering bankruptcy
Question: I have been separated from my husband for 6 years this October. I purchased my own home and he co-signed to help me get approved as I was only working part-time. I am on the joint title of our matrimonial home which he lives in. I just recently discovered that he is on title of my house and that I am only the guarantor.I have always paid the mortgage myself. I am in the process of getting a legal separation but have found out he is considering bankruptcy in Ontario.
Source: bankruptcy-ontario.org
“Through the Trap Door Darkly: Nebraska Exemption Policy and the Bankru” by Richard F. Duncan
The Bankruptcy Reform Act establishes a somewhat disingenuous exemption policy that first creates, and then allows the individual states to nullify, uniform federal bankruptcy exemptions. The State of Nebraska has chosen to opt out of the federal exemption scheme thereupon assuming a continuing moral obligation to ensure that its exemption policy does not deny Nebraska debtors the fresh start following bankruptcy to which they are entitled. The Unicameral should undertake an immediate reconsideration of Nebraska exemption law with a view to possible elimination of the homestead exemption in favor of an expanded exemption in lieu of homestead to be available to all debtors without regard to marital or family status and applicable to real as well as personal property. The legislature should also consider whether any increase in the amount of the exemption in lieu of homestead is justified, whether such amount should be indexed to reflect changes in the cost of living from time to time, and whether special consideration should be given to debtors who support one or more dependents. Finally, the Unicameral ought to consider whether the Nebraska wage garnishment statute should be amended to limit the additional protection given to affluent heads of families and to increase the protection accorded wage earners afflicted with handicaps, illness, or other hardships.
Source: unl.edu
Olympic hero files for Chapter 7 bankruptcy
One such athlete from the 2000 Olympic games in Sydney was Rulon Gardner, whose stunning upset of Russian champion Alexander Karelin in the heavyweight class of Greco-Roman wrestling made headlines when he took home the gold. Gardner followed with a bronze medal in the 2004 games in Athens. Now, Gardner is making different headlines after filing for Chapter 7 bankruptcy.
Source: sanfrancisco-bankruptcy-attorney.com
San Bernardino Invokes the B
San Bernardino’s City Council will meet tonight and possibly again tomorrow to try to hammer out a solution. If the city does file for bankruptcy, it will be the third California city to do so in the past 30 days. Both Stockton and Mammoth Lakes have recently filed for bankruptcy. (Harris Kenny, policy analyst for the Reason Foundation, provides more detail about Stockton’s and Mammoth Lakes’ situations in their policy blog).
Source: reason.com
Personal bankruptcy in Chatham Ontario
No. Bankruptcy should be seen as a last resort. There are a several bankruptcy alternatives in Chatham, Ontario that should be explored prior to filing for personal bankruptcy. Some of the possibilities available for most people are:
Source: bankruptcy-chatham.com
Needing to File for Bankruptcy
Needing to File for Bankruptcy For the approximately forty years that I have been involved in the credit and debt business, one of the hardest things for people to recognize if that they need to file an assignment in bankruptcy. A proposal is also an alternative, but in both cases the debtor has to recognize that they cannot repay their debt. To borrow comedian Jeff Foxworthy’s style, here are some ways of telling if you need to file for bankruptcy. 1) If every time to sit down to have dinner with the family and another creditor calls, you probably need to file for bankruptcy. 2) If every time you pass a pay day loan store, the attendant invites you in by name, you probably need to file for bankruptcy. 3) If you file your income tax return every year, owe more money that you can pay back, you probably need to file for bankruptcy. 4) If the bank has repossessed your home and you cannot pay the shortfall on the mortgage, you probably need to file for bankruptcy. 5) If every credit card you have is declined because you are over the limit, you probably need to file for bankruptcy. 6) If almost all of the family pay cheques are used to pay credit, you probably need to file for bankruptcy. In other words, when your debt and debt repayment take over your finances and you can no longer cover the necessities without using credit, you have a debt problem. When your debt becomes a large problem, it affects your ability to function properly. We can help, come to Hoyes Michalos for a free consultation. We will work with you to find the right solution for your problem.
Source: bankruptcy-toronto.ca
Why You Can File For Bankruptcy And Get Out Of Financial Trouble
Bankruptcy is a challenging time and can create a huge amount of mental and emotional stress. Working with a good bankruptcy lawyer can help make the process a lot smoother and less stressful for you. Be sure that you consider more than the expense when you choose a lawyer. Your lawyer does not necessarily have to be the most expensive one; however, you should be certain of his or her qualifications and abilities. Talk to friends who have been through a similar situation and ask them for referrals. You could also sneak into court to watch a real live bankruptcy proceeding to see how that attorney handles the situation.
Source: bankruptcy-basics.com
Bill Gates helped save Apple from bankruptcy!
The investment news along with Jobs stating they would be getting new board members pushed the company’s stock up more than 40%. The $150 million investment was to be used in its core markets of education and creative content. They hoped to gain a higher percentage of its revenue from software and services from these core markets.
Source: omg-facts.com
Time Period Between Bankruptcy Filings?
The amount of time you must wait between bankruptcy filings depends upon what type of bankruptcy you filed in which you received a discharge. In determining the necessary time between bankruptcy filings, you count from filing date of the prior case to filing date of the new case. The bankruptcy amendments of 2005 provide for the following intervals:
Source: minneapolis-bankruptcy.com
Basics Of Filing For Chapter 7 Bankruptcy In Illinois
You can find basic information on bankruptcy on the Internet, but when you need to know what the right course of action is in your case, you should contact a qualified Cook County bankruptcy lawyer. Financial problems can be a huge burden, and you will want to make sure you are taking the necessary steps to resolve your situation. Get the help you require, and contact a dedicated Illinois bankruptcy attorney.
Source: cook-county-bankruptcy-lawyer.com
Bankruptcy Secured Debt and Priority
Consumer Debt Counselors of Winter Park Department of Justice Approved Credit Counseling Services The Florida Bar Florida Fifth District Court of Appeals Florida Supreme Court Financial Industry Regulatory Authority LegalConsumer.Com Ninth Judicial Circuit Supreme Court of The United States United States Courts United States Court Of Appeals For The Eleventh Circuit United States District Court For The Middle District Of Florida Winter Park Chamber of Commerce United States Bankruptcy Court Middle District of Florida United States Bankruptcy Court Northern District of Florida United States Bankruptcy Court Southern District of Florida
Source: bankruptcy-lanigan.com
How To Get a Credit Card After Bankruptcy
Capital One Secured MasterCard Capital One Secured MasterCard is unique in a good way. You can deposit as low as $49 as a security deposit and get a credit line of up to $200. If you deposit more, say $200, your credit line can be extended up to $3000. It carries a reasonable annual fee of $29 and an annual percentage rate of 22.9%. This does not favor the people with a habit of carrying a balance. The APR may be high but all the other features make up for it. This card is a hybrid between the secured and the unsecured cards. Moreover, it reports your payments to the major credit bureaus and can allow you to apply for their secured card if you improve your credit standing.
Source: after-bankruptcy.org
