Bankruptcy Law Guide
Bankruptcy is a serious process and can be a powerful way to shield debtors from any further debt collection efforts. Filing for bankruptcy can serve as a way for an individual to get out of large debts back under control, by restructuring these debts or wiping out some obligations. However, a bankruptcy claim can be difficult and confusing. In this comprehensive guide to bankruptcy, discover how to file for bankruptcy, what the consequences of declaring bankruptcy may be, and how a lawyer can assist in your case.
What is Bankruptcy Law? Chapter 7, 11, 13Bankruptcy 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.
Read more- Different Types of Bankruptcy
An individual debtor will usually file for bankruptcy under Chapter 7 or Chapter 13. It is important to understand the difference, including the requirements and the possible outcomes. The choice you make can have a large repercussion on the outcome of your case.
Read more - Common Bankruptcy Legal Questions
Filing for bankruptcy is a complex proceeding which can be made more complex by outside factors such as divorce, personal injury awards, student loans, or bankruptcy fraud. Learn more about how these factors may affect your bankruptcy claim, as well as answers to other frequently asked questions.
Read more - How to File for Bankruptcy
Preparing to file for bankruptcy? Bankruptcy laws are often complex and can be overwhelming. Mistakes may prevent someone from qualifying for bankruptcy. Learn more about what to do before declaring bankruptcy, how to calculate a plan payment, and how a lawyer may be able to help you.
Read more - Bankruptcy Legal Proceedings
When filing for bankruptcy, there are many different protocols to follow in the court system. These protocols may vary depending on different federal and state laws. Learn more about what to expect in the bankruptcy court system, and why you should hire a lawyer to assist in your case.
Read more - Wage Garnishment and the Laws
Understand how Wage Garnishment works, your rights as an employee or an employer and how a lawyer can help you with your case.
Read more - What Are the Consequences of Declaring Bankruptcy?
Filing for bankruptcy is a serious process, and only those who are fully informed about what may happen after the proceedings should continue. It is important to understand what declaring bankruptcy can actually accomplish for you. Learn more in this comprehensive guide.
Read more - How to Deal With Debt Collection Agencies
Learn how to deal with a debt collection agency, how to provide a response, argue the status of limitations, and maybe file for bankruptcy.
Read more - How Can A Bankruptcy Lawyer Help You
Learn how a lawyer can help you with your bankruptcy case, help you consider alternatives to bankruptcy, decide which type of bankruptcy to file.
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