Bankruptcy

Bankruptcy allows individuals, couples, and businesses that cannot meet their financial obligations to be excused from repaying some or all of their debt. Bankruptcy has been in existence since ancient times. In the United States, the rules and procedures for filing bankruptcy are governed by federal law. States are prohibited from legislating in this area of the law.

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Bankruptcy Lawyers USA - Recent Legal Articles

  • 5 Things You Need to Know Before Filing for Bankruptcy

    In 2013, nearly 40,700 Floridians filed for bankruptcy. An important, life-changing decision, coming to terms with the fact that you need to file could be the light at the end of a seemingly long, debt-filled tunnel—that’s why it’s imperative you get the facts, know your rights and obtain accurate, aggressive representation from a local Tampa Bay area law firm.

  • Handling Credit Card Debt

    Credit Card Debt is something that is becoming a bigger problem as Americans are getting further in debt. One of the ways that you can address your mounting credit card debt is through debt relief via debt settlement. Contact a experienced bankruptcy lawyer or debt relief expert and find out what options are available to you regarding your credit card debt, other outstanding creditors, and methods of available debt relief.

  • Alphabet Soup for Installment Agreements

    What is an installment agreement? An installment agreement is an option for those who cannot pay their entire tax bills by the due date. It allows taxpayers to pay the amount due over a period of time

  • New Report: Mortgage Default Risk Remains High

    Mortgage default risk continues to plague the housing recovery. A new report issued by the American Enterprise Institute indicated that the national mortgage default risk remained high in March, even though it dropped slightly from February.

  • Using Bankruptcy to Eliminate Credit Card Debt

    Have you fallen so behind on your credit card debt that you just cannot get them paid? If so, continuing to struggle is the worst thing that you can do. Find out how you can file for Chapter 7 or Chapter 13 bankruptcy today and eliminate your credit card debts.

  • The “Pro Se” Bankruptcy Filing Problem in Detroit

    The Detroit bankruptcy court in recent years has been inundated with a large number of "pro se" bankruptcy filings. In many of these cases, the debtors have been helped with the preparation of their petition and schedules by individuals whom the court has prohibited from assisting people for failure to abide by the rules that bankruptcy petition preparers must follow.

  • Murrieta Bankruptcy Law: The Chapter 7 Bankruptcy Timeline

    Bankruptcy is when you lawfully proclaim that you can no longer repay your debts. Individuals have the option of either proclaiming chapter 7 or chapter 13 bankruptcies, depending on the intensities of their debts and the incomes being made.

  • Weigh the Benefits and Drawbacks Prior to Proclaiming Bankruptcy

    Bankruptcy takes place when a procedure is started where a debtor obtains court bought relief from needing to settle his/her debts.

  • A Cabin and a Sash for Molly

    Molly had squatted on the damp parquet flooring of the forbidding old cabin a long time before contacting our office. Indeed she stared at the cobwebs festooned on the walls until white dust completely covered her eyelids prior to summoning the courage to call: her energies were exhausted.

  • Bankruptcy with a Little Pride

    There's one bankruptcy. I think I’ll remember for a long time. Nobody at my office could understand why the man bobbed his head in at first. It was about a year or so ago. Most clients schedule an appointment. But this man just knocked on the door wearing his round felt hat. He was much older than most of my clients and had a solemn voice. He took off his hat and asked my secretary Kathleen to speak with a “straight-talking lawyer.”


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