bankruptcy

Bankruptcy - the very sound of the word strikes fear into the minds of those who face its possibility. But Chapter 7 liquidation, Chapter 13 personal reorganization, and Chapter 11 business reorganization can be powerful and effective financial tools for individuals and businesses who do not have sufficient cash flow to pay incoming bills.

Although bankruptcy cases are filed in federal bankruptcy court under a national set of rules, state law determines what property you can keep and protect from creditors.  Business and consumer bankruptcy lawyers often provide extensive and free bankruptcy information to the public through blogs and websites.  As always, however, no source of web-based information can substitute for personal legal advice.

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Latest blogosphere posts tagged “bankruptcy”

• Government bond default risk increasing

  
  MarketObservation.com — Authority: 141
  Source: Financial Times FT: Bets rise on rich country bond defaults, Nov. 22, 2009 The mounting level of debt in the industrialised world is prompting a growing number of investors to use the derivatives market to bet on the chance of rich governments defaulting on bonds. The volume of activity in sovereign ...
  3 hours ago

• Ciena Said to Win Nortel Unit for $769 Million

  
  DealBook — Authority: 773
  Ciena will buy Nortel Networks optical networking and carrier ethernet business for $769 million after outbidding Nokia Siemens Networks in a three-day auction, Reuters reported Sunday, citing unnamed sources.
  3 hours ago

• Important News - Nov. 22

  
  InvestmentWatch — Authority: 451
  1) Bankruptcy an Option, Says Mayor’s Fiscal Task Force (San Diego) “Friday, Nov. 20, 2009 | A private task force of prominent local business leaders formed by San Diego Mayor Jerry Sanders is recommending the city file for bankruptcy unless it undergoes a series of urgent and drastic fiscal reforms, according ...
  4 hours ago

• Breaking: Home builders group files Chapter 11

  
  InvestmentWatch — Authority: 451
  http://www.chicagorealestatedaily.com/cgi-bin/news.pl?id=36217 “(Crain’s) — How bad is the local housing market? So bad that even the Home Builders Assn. of Greater Chicago has filed for bankruptcy protection. Unable to pay its bills, the Rolling Meadows trade group filed for Chapter 11 protection Friday, ...
  4 hours ago

• PT2 ALERT STOP FORECLOSURE REALITY RADIO

  
  The Foreclosure News — Authority: 149
  Join us as we walk the audience through the process of fighting for your home from foreclosure. Host Shane Richardson Special Guest Christine Springer MA Want to know if your home is apart of MERS? www.mers-servicerid.org Christine Springer is a paralegal and the founder of Desert Edge Legal Services, LLC, a legal ...
  7 hours ago

• Belly up: 10 states face imminent bankruptcy

  
  The Blog at Christian Truckers Network — Authority: 437
  Personal insolvency also surges as tax revenues decline Excerpts: Ten states are facing imminent bankruptcy, confounding any possibility of economic recovery as tax revenues continue to decline and unemployment increases nationwide, Jerome Corsi’s Red Alert reports. At the same time, the American Bankruptcy ...
  10 hours ago

• Filing for Bankruptcy in California

  
  GoBankruptcy.net — Authority: 129
  Filing for Bankruptcy in California There are many reasons to file bankruptcy — large medical bills, loss of a job, unsecured debt, etc. These debts can get very large, very quickly if not properly managed. Nationwide, courts are seeing sizable increases in the number of people filing for bankruptcy ...
  11 hours ago

• Denver Bankruptcy Lawyers Guide Individuals Through Bankruptcy

  
  Finance 411 — Authority: 451
  There are a lot of questions to be answered when it comes to filing for bankruptcy: which type should I file – Chapter 7 or Chapter 13?; will I get to keep my home, my car and my belongings?; will the bill collectors stop calling me?; how long will my credit be affected?… The list can go on and on and if you do ...
  13 hours ago

• Canada: Bankruptcies soar 43%

  
  Survival News Network — Authority: 143
  The number of bankruptcies across the country was 43 per cent higher in September than at the same point a year ago, government data shows.The latest figures provided by the Office of the Superintendent of Bankruptcy Canada show the increase is disproportionately slanted towards consumer bankruptcies over business ...
  13 hours ago

• Canada: Bankruptcies soar 43%

  
  Survival News Network — Authority: 143
  The number of bankruptcies across the country was 43 per cent higher in September than at the same point a year ago, government data shows.The latest figures provided by the Office of the Superintendent of Bankruptcy Canada show the increase is disproportionately slanted towards consumer bankruptcies over business ...
  13 hours ago

• Are FHA Loan Limits Going Higher?

  
  Loan News — Authority: 122
  Will FHA loan limits go even higher? Thanks to the Economic Stimulus Act of 2008, maximum FHA loan limits were pegged at $729,750 for a separate family residence and were recently extended for another year. And there is at least one legislator who wants to increase these limits even more – to … national finance ...
  13 hours ago

• LandAmerica Bankruptcy Update. Its Still Not Over

  
  Jr Deputy Accountant — Authority: 139
  LandAmerica, motherfucker. Hold tight, if you remember this , well be coming back around to her in a moment after this LandAmerica bankruptcy update. Uh, indirectly. I dont want to hurt her feelings or anything, if shes paying attention, she probably wonders why the hell anyone cares. Sorry, not slithering off into ...
  15 hours ago

• Top 5 Debt Consolidation Companies in Indiana

  
  Fair Loan Rate! — Authority: 138
  The following companies mentioned are Indiana’s top most, trusted debt consolidation companies. Do check out their various websites for more information. The Debt Agency Accredited with the Better Business Bureau,the company offers excellent services to customers along with emphasize on quality service, honest ...
  16 hours ago

• Janet Tavakoli Retracts Her Apology To Goldman Sachs, Calls For More Regulation Of The Government Backstopped Hedge Fund

  
  zero hedge — Authority: 768
  Submitted by Janet Tavakoli of Tavakoli Structured Finance I Retract My Apology and Call for More Regulation of Goldman Sachs TSF – Opinion Commentary – November 22, 2009 (see also Apology ) According to SIGTARP 1 , both the Federal Reserve and Treasury agreed that an AIG failure posed ...
  16 hours ago

• Am I eligible to file Chapter 7 bankruptcy?

  
  Texas Bankruptcy Blog — Authority: 421
  In order to be eligible to file for Chapter 7 bankruptcy, you must meet all of the following criteria: You must have received credit counseling within the six months prior to filing for Chapter 7 bankruptcy. You cannot have received a Chapter 7 bankruptcy discharge within the past eight ...
  17 hours ago

• Will I lose my property if I file for bankruptcy?

  
  Texas Bankruptcy Blog — Authority: 421
  While every bankruptcy case is different, it is safe to say that most individuals who file for bankruptcy get to keep most of their property. Every state has its own set of laws that exempt certain types of property from the reach of bankruptcy creditors and trustees. If the property is exempt, you get to keep both ...
  17 hours ago

• "Bad Credit Habits": How To Avoid High Fees

  
  Mortgage Tips, Tricks & Secrets — Authority: 142
  Individuals with problematic credit histories often suffer unfairly from high mortgage, insurance, and car loan rates. On top of that, they have difficulty getting approved for credit cards. The whole situation can get extremely frustrating. Frequently, I get emails from consumers wondering what they can do to rebuild ...
  18 hours ago

• Bankruptcy: Chapter 7 or Chapter 13?

  
  Mortgage Tips, Tricks & Secrets — Authority: 142
  Bankruptcy should always be treated as the absolute last resort for anyone in who is facing a large amount of debt. While the appeal of having large amount of debt absolved and being given the opportunity for financial rebirth are large, it’s an absolute necessity to remember that filing any type of bankruptcy can ...
  18 hours ago

• Managing Your Debts

  
  Mortgage Tips, Tricks & Secrets — Authority: 142
  Receiving troublesome t’phone calls from creditors?.  Anxious to finish debt?. Pursue a debt management plan now.   Debt management plans are meant to help people to solve their debts and help creditors collect the money borrowed from them.  Debt management plans are normally prepared by debt management ...
  18 hours ago

• PPI Claims Can Be Made With Ease

  
  Mortgage Tips, Tricks & Secrets — Authority: 142
  There currently is a great deal of concern of late with regard to past practices in selling Payment Protection Insurance cover and even though these may have been dealt with by the appropriate boards PPI refunds are a popular occurrence among those that have bought products. Occurences of Payment Protection Insurance ...
  18 hours ago

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