Bankruptcy
Feb
How to File Bankruptcy
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Bankruptcy is no easy matter, it requires some knowledge of the law and prompt attention to specific procedures. If you’re doubtful and don’t really know how to file bankruptcy properly, it’s best that you consult a professional for help with your case. Law changes have made it more difficult for self filers to get their petitions processed and approved, it’s also a lot easier now to make mistakes when filing bankruptcy.
The process is not complicated, as much as the paperwork and preparation is. The court will hear your case after you submit your petition, but the key is to get the court to review your submitted petition, if you prepare your own petition you must make sure it is complete and that you submit with all required supporting documentation.
Once the petition has been reviewed and no errors are detected, you’ll be scheduled to appear for your court hearing where the trustee will scrutinize your file and make sure that all information presented is actually true.
The actual petition must be prepared accordingly, which is why this process is best left to a professional bankruptcy attorney who will know exactly what to ask for from you to provide in support of your petition. Not knowing how to file bankruptcy properly can kill you chances of getting approved and you could be denied the protection that you need. Check bankruptcy services in your area for free consultations. This should give you a good idea about what the process is like.
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Aug
In recent news, companies could be forced to Bankruptcy. Is this the same as “companies can be forced into Bankruptcy Protection”?
I thought Bankruptcy protection is “PROTECTION” against Bankruptcy?
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Aug
believe it or not, i just cannot find any job. I have hunted for job a lot but there is no luck. Now i’m being frustrated by creditors who call 40 times a day. So to get rid of such harassment, i decided to file bankruptcy protection.
What will be the consequence of filing bankruptcy?
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Aug
I am about $15,000 or so in debt right now. $12,000 of it is from medical bills from an emergency surgery I had to have (I had insurance to cover the surgery but they only paid 10% and now I’m stuck with the medical bills from it and NO way to pay them). I’m working full time but am currently switching to part time because I just recently had a baby and need to be able to stay home some of the time with him to cut costs on babysitting. I don’t care tht the bankruptcy will be on my credit for 10 years….it will take me that long to pay off the medical bills at the rate I can afford to pay them now…I also have diabetes and my prescriptions cost a TON a month…it’s impossible for me to work part time (or even full time for that matter) and even survive at this rate. I need to get an apartment for my son and I and just can’t do it with the amount of bills I owe. Is there a minimum amount of money you must owe before filing bankruptcy? Will I be able to keep my car?
I have one of the cheapest cars you can buy (Chevy Cavalier) and it is 2002. Someone suggested I sell it and get a crappy car for now…I can NOT do that. I must have a solid, secure car to make sure I have a way to and from work and also to have transportation to my son’s docs appintments. I need to keep my current car and my interest rate on my loan is locked and VERY low (3.4%). This car is great…but if I file bankruptcy will I lose it?
I don’t WANT to send my son to a childcare center. They are dirty and nasty. His father and myself will be watching him. And I AM working full time right now thank you. I can NOT afford the debt I owe either way….
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Aug
I have just been told that the company I work for has filed Chapter 11 and for bankruptcy protection. They say we will stay open, but how long can i expect to keep my job?
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