Learning About Bankruptcy Proceedings

  • What To Do When You Catch Your Lender Dual Tracking

    26 May 2022

    When you submit a loan modification request, the bank is supposed to stop foreclosure proceedings until your application has been approved or denied. Unfortunately, lenders don't always do what's right, and some will continue foreclosing on the home as a way of hedging their bets. Called dual tracking, doing this is illegal, and here's what you should do when you catch your lender in the act. Notify Them to Stop Immediately

  • What Can You Keep After Bankruptcy?

    1 December 2021

    People asking about bankruptcy attorney services often worry they'll be left with nothing when they're done with the process. The truth is significantly different, though. If you're trying to figure out what you'll likely be able to keep, a bankruptcy lawyer will want you to be aware of these four things. The Kind of Petition Matters  Bankruptcies fall broadly into one of two categories, restructuring and liquidation. When you restructure your debts, the creditors take a haircut on the total you owe.

  • Are You Ready to File? How to Prepare to Declare Bankruptcy

    9 July 2021

    Declaring bankruptcy is not easy. It's not the act itself that is difficult but the decision-making part of it that can hold up things. Before you file, though, you might want to be ready in every way possible so that your filing will be smooth and problem-free. The below tasks will help you ensure that happens, so read on. Be Aware of Your Credit Card Use You cannot use your credit cards with abandon during the months before filing or you might be accused of fraud.

  • 3 Common Questions About Chapter 13 Bankruptcy

    26 October 2020

    It can feel overwhelming to go through bankruptcy. You're often left wondering about what assets you'll be able to hold onto and how long it will take to be finished with the bankruptcy process. That's why it helps to have an overview of bankruptcy, such as Chapter 13 bankruptcy, so that you know what to expect. How Does Chapter 13 Bankruptcy Work? What makes Chapter 13 a different form of bankruptcy is that you are essentially proposing what your debt repayment plan will be to your local court.

  • Is Bankruptcy Right For You?

    17 October 2019

    Bankruptcy is a way to escape your debt and feel like you can breathe again. It isn't a way to wipe your debts clean so you can start a new life of poor spending but a way to wipe your debt and give you a clean slate. If you are filing for bankruptcy, it means you don't have any other way, and it shouldn't be taken lightly. If you aren't sure if bankruptcy is right for you, read on for helpful information to use as a guide.

  • Filing for Bankruptcy? Tips for Making the First Move

    31 May 2019

    Most people only decide on filing for bankruptcy after months of thought. If you have a feeling that bankruptcy is in your future, it might help to know what needs to be done before the case is officially filed in federal court. Read on to find out more. Know What Not to Do It's only natural for some people who are anticipating a chapter 7 filing to feel a sense of release and relief.

  • Protecting Cash In The Bank During Bankruptcy

    9 February 2017

    If you are planning to file for Chapter 7 bankruptcy and have some cash in the bank, you risk losing your money to the bankruptcy trustee. Therefore, you should take precautions (within the legal boundaries) of protecting your cash. Here are three precautions that may help: Keep Clear Records of Your Cash When you file for Chapter 7 bankruptcy, the money you earned before the application can be used to pay your creditors, while the money you earned after the application is wholly yours.