Bankruptcy & consumer credit : Law & Legal & Attorney

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New Mexico Nonprofit Corporation Act

New Mexico Nonprofit Corporation Act

The New Mexico Nonprofit Corporation Act indicates rules and regulations for forming and operating a domestic nonprofit corporation in the state of New Mexico. A New Mexico nonprofit corporation does not provide a profit to the members, directors or officers of the corporation.......[Read More]
Bankruptcy Lawyers - Do I Have a Job for You? Bear Sterns CEO James Cayne was Not Able

Bankruptcy Lawyers - Do I Have a Job for You? Bear Sterns CEO James Cayne was Not Able

A little over one year ago today; on January 1, 2007 Bear Stearns was trading at $169 per share. Wall Street knew the investment banking firm was in trouble. The FED Chairman recommended that all banks and investment banks come clean on their losses, as banks like CitiGroup were spreading the bad ne......[Read More]
What Can I Expect If I Surrendered My House in a Bankruptcy?

What Can I Expect If I Surrendered My House in a Bankruptcy?

Filing for bankruptcy temporarily protects your assets, including your house. Surrendering the house indicates that you will no longer abide by the terms of the loan agreement, and the mortgage lender can claim its security interest in the property. Once you inform the court that you are surrenderin......[Read More]
State Collection Rights After Chapter 7

State Collection Rights After Chapter 7

Chapter 7 is considered liquidation bankruptcy because it quite literally sells off your non-exempt possessions to pay your debts, like mortgages and liens. Other debt is discharged, and creditors are prohibited from trying to collect on debt discharged by the bankruptcy.......[Read More]
5 Things to Know About Bankruptcy From Your Attorney Before Filing

5 Things to Know About Bankruptcy From Your Attorney Before Filing

Having found the right attorney to help you file for bankruptcy, there are five important questions you should ask him or her before proceeding with it. 1. What Type Of Bankruptcy Should I Take?......[Read More]
Search For Bankruptcy Lawyers In Gainesville

Search For Bankruptcy Lawyers In Gainesville

Bankruptcy laws vary from country to country. A state in a country too may have its own by-laws. In the United States, filing for bankruptcy in Florida can allow you to retain more assets as compared ......[Read More]
Tacoma Bankruptcy Attorney Can Help Stop Wage Garnishment

Tacoma Bankruptcy Attorney Can Help Stop Wage Garnishment

Wage garnishment involves having money taken from your paycheck before it is paid out to you. Wage garnishments can happen when someone gets a judgment against you for unpaid debts or other money owed......[Read More]
How to Restructure Distressed Debt

How to Restructure Distressed Debt

Restructuring distressed debt is a complex task, involving difficult negotiations among many parties, as well as substantial financial expertise. To effectively restructure debt, a company must offer all of its creditors a compelling choice: either to accept the restructuring plan as presented or to......[Read More]
How to Find Out If a Business Has Filed Bankruptcy in Arizona

How to Find Out If a Business Has Filed Bankruptcy in Arizona

According to U.S. Courts, under Title 11 of the United States Code, bankruptcy laws protect troubled businesses and provide for orderly distributions to business creditors through reorganization or liquidation. If you have extended credit to a troubled business and want to know if that business has ......[Read More]
Why You Need a Bankruptcy Lawyer

Why You Need a Bankruptcy Lawyer

If you are having a hard time making ends meet and you have more bills than you do money and there is no sign of change ahead, you may need to consider filing for bankruptcy. This isn't a decision that you should make lightly, but if you owe money to several different sources and you cannot pay......[Read More]
What Happens When You Reaffirm a Vehicle After Bankruptcy?

What Happens When You Reaffirm a Vehicle After Bankruptcy?

Filing for bankruptcy does not mean that you no longer have to deal with your creditors -- quite the contrary. If you owe money on an auto loan, your lender may contact you and ask that you reaffirm your loan as soon as it receives notice of your pending bankruptcy case. Reaffirming your auto loan e......[Read More]
Florida Chapter Seven Bankruptcy Qualifications

Florida Chapter Seven Bankruptcy Qualifications

Florida Chapter 7 bankruptcy qualifications are based on federal rules that evaluate median family income.north miami view image by Wimbledon from Fotolia.comFiling for Chapter 7 bankruptcy allows a debtor to discharge most types of debt that cannot be paid by liquidating nonexempt.........[Read More]
Can Chapter 7 Be Filed If The Household Is Over The Median Income?

Can Chapter 7 Be Filed If The Household Is Over The Median Income?

Use of a Means Test will determine your whether or not you can file for Chapter 13 or Chapter 7 bankruptcy. Determining your eligibility is the first step in this process.......[Read More]
Who Can Legally Be a Partner in a Business?

Who Can Legally Be a Partner in a Business?

Anyone can be a partner in a business. All you need to be a partner is an informal or formal agreement of two or more people to operate a business together. Several partnership options exist, though, each with its own benefits and legal protections.......[Read More]
Bankruptcy & Car Repossession

Bankruptcy & Car Repossession

Bankruptcy can have one of many different effects on auto repossession. The results vary depending on how much you owe on the car; whether you are in default at the time of filing bankruptcy and, if so, how much you are behind; and what type of bankruptcy you file. Generally, bankruptcy will delay r......[Read More]
Maryland Grants for Rural First Time Home Buyers

Maryland Grants for Rural First Time Home Buyers

Those wishing to purchase their first home in rural Maryland can benefit from some specialized grants.Cash image by Greg Carpenter from Fotolia.comRural Maryland draws few new homeowners because of the lack of development, lack of housing, and lack of jobs. Those who wish to work in.........[Read More]
Rules of Chapter 13

Rules of Chapter 13

The legal process of filing for Chapter 13 is not as difficult as many would believe.Justice image by MVit from Fotolia.comBankruptcy provides those in debt an opportunity to regain their financial footing and get back on track. Although many of the bankruptcy laws changed in 2005 to.........[Read More]
Bankruptcy Attorney - Why Do You Need One?

Bankruptcy Attorney - Why Do You Need One?

Bankruptcy is the procedure of placing a legal declaration through which an individual appeals for bankruptcy. It is when a person or a business firm does not have proper monetary resources to pay his/ its debts that such an option is viable. It is considered to be the last resort among all the othe......[Read More]
Information for Bankruptcy in California

Information for Bankruptcy in California

Bankruptcy is a federal procedure, which means that there are very few differences between declaring bankruptcy in California and declaring in any other state. However, there are a few key differences to be aware of as you prepare to declare bankruptcy in California.......[Read More]
Ohio Chapter 13 Bankruptcy Laws

Ohio Chapter 13 Bankruptcy Laws

Ohio residents may file for Chapter 13 bankruptcy if they want to keep valuable assets.courthouse image by Michael Shake from Fotolia.comOhio debtors can file for Chapter 13 bankruptcy to obtain relief from creditors. Chapter 13 bankruptcy is usually filed by debtors that have assets or.........[Read More]