Credit card theft can be a major irritation at the very least and a massive financial blow at its worst. Say, you are travelling and your credit cards are lost or stolen. This can, and more than likely would, create a very unpleasant turn of events, even with the best help at your disposal. The [...]
The bankruptcy code 523 is the clause which describes or lists the types of debts that cannot be included for discharge, even when you file for bankruptcy. These are debts that the person who files for bankruptcy will still have to pay regardless of financial circumstances. Among the debts that fall under the bankruptcy code [...]
If you are late by more than 30 days on your mortgage payment, the lender can declare the mortgage in default. When this happens, the owner of the house has two choices – either pay the mortgage amount due immediately or face a foreclosure lawsuit that would auction off his/ her home to recover the [...]
Voluntary bankruptcy is a court proceeding that someone with more debt than they can pay initiates the process instead of any irate creditor. In this case, the debtor declares that he/ she is finding it impossible to pay their outstanding debts, and therefore is seeking protection from debtors through the intervention of the court. The [...]
Like many people, you may think you do not need identity theft lawyers? Identity theft is a serious threat to your life, finances and peace of mind. There are a million and one ways to steal someone’s identity. This type of crime is one of the most fastest rising in the USA and globally. Many [...]
One of the most effective ways to protect yourself from credit fraud is to activate a credit theft alert on your credit file. How does this work? Or better still does this really work? Credit fraud alert is an extra precaution added by the credit bureaus for your protection. This means that whenever there is [...]
If you are planning to file for bankruptcy the first thing you should consider is hiring a bankruptcy consultant. There are plenty of issues that can arise that will need professional guidance while you are going through a bankruptcy proceeding. A bankruptcy consultant is able to guide clients with the best options for filing in [...]
The Chapter 11 bankruptcy code spells refuge to many companies who are on the brink or over the edge of bankruptcy. Under this clause, a company will be protected by the Court, provided the company will allow the Court to appoint a trustee who would operate the debtor’s business toward financial recovery.. Under the Chapter [...]
Bankruptcy court cases are not easy. Most people are under the impression that bankruptcy is an open and shut case. You tell the court you are broke, they check and find out it if it is true and then the court declares the consumer bankrupt. The fairytale ends with a happy consumer whom is free [...]
Here is some news for consumers who falsely believe that filing for bankruptcy will wipe your slate clean of creditors attempting to recoup their money. Under Bankruptcy Code 523 there are a number of debts that will remain the responsibility of the debtor, even if, he/ she successfully files for bankruptcy. Among these exceptions include [...]
|
