bankruptcy law

Bankruptcy law originated in England in 1952. It is a state filed to the courts for legal declaration of financial inability of a debtor to pay what is owed to its creditors. Its conception was originally intended to assist the creditors in recouping at least portions of the amount of monies owed to them. But over the last few decades has really become more of a benefit and means to an end for the debtors instead.

Bankruptcy law allows for debtors to become clear of most or all of the debts that they owe. There are now ways to even specify which debts will get cleared, allowing the debtor to not to have to liquidate all assets to get declared bankrupt.

You'll find bloggers talking about bankruptcy law at sites like The Legal Blotter and Bankruptcy Network.

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Latest blogosphere posts tagged “bankruptcy law”

 

• Bankruptcy Requirements – Debtor Education

  
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  Are you are facing bankruptcy? Did you know the bankruptcy requirements for credit counseling and other debtor education are required by law? This is important to understand.  Not only because it can impede your bankruptcy if you choose to ignore this. It can also make a huge difference in making sure you aren’t ...
  5 days ago

• Confused By Bankruptcy? These Tips Can Help!

  
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  TIP! Millions of Americans file for bankruptcy each year because they can not pay their bills. If this is the case for you, you should begin to investigate the legislation in your state. It’s not uncommon for people to look down on others who choose bankruptcy, but one day find themselves in the same situation. ...
  2 weeks ago

• It May Only Take 18 Months to Re-establish Good Credit After Bankruptcy States Iowa Bankruptcy Lawyer

  
  Law Firm Newswire — Authority: 148
  Des Moines, IA ( Law Firm Newswire ) May 9, 2013 – The biggest concern for those who go bankrupt is how it will affect their credit rating. This can be resolved over time. It is common for debtors to wonder how they will ever get credit again after going bankrupt. While the situation may have been really bad, with ...
  2 weeks ago

• Bankruptcy co-chairs leap from Cadwalader to O’Melveny, along with another partner

  
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  Three bankruptcy partners from Cadwalader Wickersham & Taft, including the co-chairs of the practice group, are headed to OMelveny & Myers. In a Tuesday announcement, OMelveny said that co-chairs John J. Rapisarsdi and George A. Davis would serve in the same role at their new firm, working out…
  2 weeks ago

• How Bankruptcy May Affect Home Insurance Rates

  
  Law Firm Newswire — Authority: 148
  Des Moines, IA ( Law Firm Newswire ) May 1, 2013 – Many Americans do not realize that declaring bankruptcy may affect their home insurance rates. Once personal bankruptcy has been filed, all of a debtor’s property and assets come under the purview of a court assigned trustee. This individual closely watches ...
  3 weeks ago

• Attorneys push for change in debt collection

  
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  3 weeks ago

• Attorneys push for change in debt collection

  
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  3 weeks ago

• Get a handle on student loan debt

  
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  3 weeks ago

• Plan to have Kaye Scholer give up $1.5M in fees to settle disclosure case is withdrawn

  
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  A planned settlement of a case over lack of disclosure by a law firm and others in a corporate bankruptcy case has been withdrawn without explanation by the feds. The settlement would have required Kaye Scholer to forgo $1.5 million in attorney fees in a Chapter 11 case and have…
  4 weeks ago

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