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How to Keep Your House & Equity in a Chapter 7 Bankruptcy

How to Keep Your House & Equity in a Chapter 7 Bankruptcy

A Chapter 7 bankruptcy is designed to discharge all or most of a consumer's debts. Toward achieving this objective, the U.S. Bankruptcy Code permits the court to order the sale of certain assets owned by the debtor. The objective is to satisfy at least some of the obligations the debtor owes to her
Why Are Contracts Important in Business?

Why Are Contracts Important in Business?

Contracts establish the perimeters by which two or more parties agree to perform a certain activity by a specified date. This article highlights why this is important in business.
The Basics of Chapter 7 Bankruptcy

The Basics of Chapter 7 Bankruptcy

Although there are many details and important side-points to understand when considering filing for bankruptcy, a solid comprehension of the major characteristics of a Chapter 7 bankruptcy can help a debtor better recognize their options. Between the two primary consumer debt reduction bankruptcies,
Pro Forma Rules

Pro Forma Rules

Congress tightened Pro Forma rules to restrain Wall Street.barbie street image by Roques Jean Chris from Fotolia.comThe Sarbanes-Oxley Act of 2002 attempted to introduce stricter compliance standards for U.S. public corporations, among them new reporting requirements for earnings...
Bankruptcy A Step by Step Process

Bankruptcy A Step by Step Process

Sometimes when debt piles up and our decisions are not straight forward we may need help. Sometimes asking for that help or knowing when to ask maybe a hard as anything in life. Bankruptcy to some can
How to Get Incorporated in Maryland

How to Get Incorporated in Maryland

Becoming incorporated within the state of Maryland is easy. There are many forms of business that you can establish. Each one has its own separate form that needs to be filled out. Select the form that is most appropriate for your company. Once you have filled out the forms and filed them appropriat
United States Rules for Bankruptcy Procedure

United States Rules for Bankruptcy Procedure

The U.S. judicial system administers bankruptcy rules and proceedings.gavel image by Cora Reed from Fotolia.comMore than a century of bankruptcy law culminated in the Bankruptcy Code, enacted by Congress in 1978. This code governs all proceedings and has been amended throughout the years....
Can I Declare Bankruptcy to Get Out of My Mortgage?

Can I Declare Bankruptcy to Get Out of My Mortgage?

If you have fallen behind on your mortgage payments, bankruptcy can be a way to stave off foreclosure proceedings, at least temporarily. Many debtors who are subject to foreclosure use the bankruptcy laws to work out a way to keep their homes. Bankruptcy does not have the power to wipe out your mort
Ohio Bankruptcy Laws for Income

Ohio Bankruptcy Laws for Income

A debtor's income determines the chapter of bankruptcy he can file.check book image by Rob Hill from Fotolia.comThrough the years, individual debtors have preferred filing Chapter 7 bankruptcy to Chapter 13. A debtor may prefer Chapter 7 because the case may be completed in a matter of a...
Can Filing Bankruptcy in Arizona Erase Judgements?

Can Filing Bankruptcy in Arizona Erase Judgements?

Many debtors who fall behind on their payments view bankruptcy as a last resort. If you can put up with a constant barrage of phone calls and letters from your creditors, there is no real rush to file bankruptcy, as your creditors cannot get your money without court authorization. However, if your c
Get adequate assistances from Professional bankruptcy lawyers

Get adequate assistances from Professional bankruptcy lawyers

Financial situation can never remain same throughout our life. Sometimes due to our wrong planning for saving or sometimes due to heavy emergency expenditure we often struggle financially. Whether it
Civil Judgements to Collect Upon A Debt

Civil Judgements to Collect Upon A Debt

Creditors will do almost anything to get their money. Hopefully the things they do are legal. Sometimes the things they do aren't - violating the Fair Debt Collections Practices Act. But one
How to Complete Claim Form 1450

How to Complete Claim Form 1450

When a patient enters your hospital or health-care center and has Medicaid, to collect on the services you provide to the patient you must file a claim with your state's Medicaid Agency. Typically this is done electronically. You can file a paper claim by using CMS Form 1450, also called UB-04. Clai
Should a Christian File Bankruptcy?

Should a Christian File Bankruptcy?

The short answer is yes. Bankruptcy is not a sin and bankruptcy is not the problem. The problem is caused by behaviors such as living beyond one's means, or failing to exercise wisdom in spending decisions.
Lies by debt collectors – Violations of the FDCPA

Lies by debt collectors – Violations of the FDCPA

One of the biggest violations debt collectors commit during their aggressive debt collections is to lie over the phone. There are many lies that the debt collectors speak over the phone. They do not d
Will I Be Able to Get a Credit Card Back After Bankruptcy?

Will I Be Able to Get a Credit Card Back After Bankruptcy?

When you file for personal bankruptcy, the bankruptcy will remain on your credit report for up to 10 years from your date of discharge. Your bankruptcy discharge usually "wipes clean" your debt, including mostly unsecured debt, such as credit card debt that is not secured by any collateral. Credit c
How to Avoid Bankruptcy With Debt Consolidation & Unsecured Loans

How to Avoid Bankruptcy With Debt Consolidation & Unsecured Loans

Bankruptcy is intended to be a means of last resort to resolve a debtor's financial issues. If you are facing significant financial challenges, you may contemplate bankruptcy. However, before you move forward in that direction, consider how to avoid bankruptcy with debt consolidation and unsecured l
Bankruptcy - What Options Do You Have?

Bankruptcy - What Options Do You Have?

Bankruptcy is a legal way to declare the inability of a person or a business to pay off his debts to creditors. It is usually the last option that anyone chooses. Bankruptcy gives a chance to a person to start over afresh with his finances by clearing all the debts or allowing a debtor to pay back a
Can You Discharge a Federal Government Overpayment on a Bankruptcy?

Can You Discharge a Federal Government Overpayment on a Bankruptcy?

You've lost your job or run into other unfortunate circumstances that have caused you to fall behind on payments and made you consider declaring bankruptcy. One element to keep in mind when you file for bankruptcy is whether you have federal government overpayments you owe back to the government, an