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2014 College Graduates the Most Indebted Ever

by | May 20, 2014 | Bankruptcy

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...

Does Remorse Play a Role in Bankruptcy Decisions?

by | Apr 25, 2014 | Bankruptcy

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...

What’s the Role of a Bankruptcy Trustee?

by | Apr 16, 2014 | Bankruptcy

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...

Understanding Preferential Transfers

by | Mar 25, 2014 | Bankruptcy

Before you file for bankruptcy, get the facts on preferential transfers to make sure they aren’t rescinded by the bankruptcy trustee.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...

6 Reasons to Delay Filing for Bankruptcy

by | Feb 17, 2014 | Bankruptcy

Filing for bankruptcy too soon can limit your ability to maximize debt relief When it comes to filing for personal bankruptcy, timing is everything. You need to choose your timing wisely in order to maximize benefits and minimize forfeitures. The best way to pick the...

Are You Being Harassed by Debt Collectors?

by | Feb 10, 2014 | Bankruptcy

Hiring a bankruptcy attorney can shield you from debt collector harassment Every year it seems certain types of litigation stand out in the public eye. In 2014, debt collector lawsuits seem to be taking center stage. While debt collector harassment is hardly new, it...

5 Reasons to Hire a Bankruptcy Attorney

by | Jan 27, 2014 | Bankruptcy

Your bankruptcy attorney can help you get maximum debt relief while protecting your assets. Technically, you do not need legal representation to file for bankruptcy. However, if you want to make sure you get the maximum possible debt relief from your bankruptcy, you...

Get Rid of Debt Without Losing Your Property

by | Dec 31, 2013 | Bankruptcy

Understanding the protections offered by the California Bankruptcy Exemptions Many people are apprehensive about even considering initiating a bankruptcy proceeding because they assume they’ll have to give up all or most of their belongings to help pay off their...