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Learn what protections are enacted when you file for bankruptcy. While the main benefit of filing for bankruptcy is of course debt relief, the process does also bring some side benefits. One of the biggest is the automatic stay, which is basically a temporary cease...
Filing for Chapter 7 or Chapter 13 bankruptcy isn’t free but you may be able to get your fees waived. Bankruptcy is designed to help you get out of dire financial straits caused by overwhelming debt, but just like it “takes money to make money” it takes money to save...
Declaring bankruptcy can offer grads a way to free up cash for paying off student loans. According to an analysis of the latest government data, the college class of 2014 is the most indebted ever in terms of student loans. They will probably only hold this title for...
Study tested whether an apology affected judges’ rulings in a fictional Chapter 13 bankruptcy case Chapter 13 bankruptcy is typically sought by relatively high-income individuals who need some breathing room to help them climb out of overwhelming debt. This type of...
Bankruptcy trustees are responsible for administering bankruptcies and directing cash to creditors An impartial bankruptcy trustee is appointed in every case to oversee and administer the various tasks related to the bankruptcy. The main duties and responsibilities of...
Before you file for bankruptcy, get the facts on preferential transfers to make sure they aren’t rescinded by the bankruptcy trustee. In a bankruptcy case, a trustee is appointed to review your bankruptcy petition, look for signs of fraud, and attempt to maximize the...