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Bankruptcy : Business & Finance

What Are the Changes in the Chapter 7 Bankruptcy Laws?

Bankruptcy has long been a legitimate option for those who find themselves completely overwhelmed by their debt.While it is a serious step and should not be taken lightly, filing for bankruptcy is certainly a possibility for many people.It does have long-term financial consequences, but it can also

Federal Bankruptcy Exemptions

When submitting a bankruptcy, you must be aware of any particular exemptions designated towards the filler. Government bankruptcy exceptions have been in the spot for states that don't produce other exceptions in their laws and regulations. These types of federal bankruptcy exemptions may also

Tips on How to Buy Cars at Auction

Buyers looking for a used car can often catch a terrific deal by bidding for a car at an automobile auction. However, purchasing cars at an auction can carry a number of risks. To figure out when and how to bid effectively, a prospective buyer should follow some basic tips.Do Your...

North Dakota Laws on Housing Eviction

Landlords in North Dakota must comply with the state's landlord and tenant laws governing their duties to provide habitable housing and allowing their tenants the right to peaceful and quiet enjoyment of their property. Under North Dakota law, landlords cannot lock their tenants out, confiscate thei

Pros of Staying Out of Debt

According to the Federal Reserve, the total amount of debt that consumers carry in the U.S. is approximately $2.5 trillion. In a weak economy where the job market is difficult, it pays to be debt-free. If you're working to get out of debt or are already enjoying a debt-free lifestyle,...

Bankruptcy Automatic Stay - What Are Its Benefits and Limitations?

If you are one of the millions of Americans facing the tough circumstances of being unable to pay back debts, then you are probably familiar with the daily hassle from creditors and bill collectors. There is arguably nothing more stressful than being hounded by phone calls from people demanding mone

California Law on Discharge of Nonscheduled Debts in a No-Asset Chapter 7 Case

Bankruptcy law is complicated, since it involves both federal and regional regulations and interpretations. Generally speaking, in a no-asset Chapter 7 bankruptcy case in California, even creditors you do not list on your petition are considered discharged. However, this ruling is subject to interpr

Filing Bankruptcy With an Option Arm Mortgage

After the 2007 release date meltdown, I don't think there is an individual that lives in America that has heard of an option arm mortgage. In case you forgot, an option arm mortgage was created to allow an individual to have an adjustable payment plan. Debtors that add or have these loans had a

If My Wages Are Being Garnished, Can a Lien Also Be Put on My Home?

If your creditor sues you in court, he may be able to obtain a court order to force your employer to withhold some of your pay for your creditor. On top of this, your creditor can use other methods to collect the debt, including placing a lien on your home.

Debt Management Questions

Learn to manage your debt by asking the right questions.debt defined image by Christopher Walker from Fotolia.comWith so many credit options available to consumers, it is understandable how debt management can get confusing. According to the Federal Reserve, Americans took on $2.448...

Bankruptcy Can Give You Hope Toward Your Future

Sometimes life gets ahead of us and things happen. You can open your eyes one day and see that everything has changed. It may be that you suffered an injury or illness, maybe you lost your job, or your bills may have just crept up on you. Whatever the case it can be a very scary situation to wake up

Help Paying For Your Bankruptcy Fees

It often strikes me as anomalous that just at the time that you cannot afford to pay your debts, the English and Welsh Bankruptcy system charges you between 450 and 600 pounds in fees to present a bankruptcy petition and have your affairs taken over by the Official Receiver. Help is at hand for some

File Bankruptcy in NJ

It is a little bit difficult to file bankruptcy in NJ when you have more or less just have a broad idea of what bankruptcy really is. Bankruptcy is a privilege given to the debtors ...

How Will Filing Bankruptcy Affect My Immigration Status?

Many immigrants come to the United States to seek the American dream. Well, we all know that it is difficult to get ahead and sometimes failure results. A common question is will filing bankruptcy effect immigration status?

Cons of Chapter 7 Bankruptcy

There are several disadvantages to filing for Chapter 7 bankruptcystack of cash image by jimcox40 from Fotolia.comIf your debts pile up to the point where there appears to be no way out, your only alternative may be to file for bankruptcy. The most common type of personal bankruptcy is...

Chapter 13 Bankruptcy Eligibility Requirements

When you are struggling to make your credit card payments, mortgage, car payment, or other outstanding bills, you may find yourself deep in debt. At a certain point it may feel that you are so far behind that you are never going to catch up. Fortunately, United States law offers provisions to debtor

What Debt Assumption Means

Debt assumption, in simple terms, occurs when one entity takes over debt that another entity owes, assuming its liability on behalf of the second entity. There are different types of debt assumption. Some are seen at the government level as countries make financial deals with each other. Others are