Wessler Law Firm: Bankruptcy Blog

 

 

FIRST CONSIDERATIONS:

Filing Bankruptcy should always be considered as a last resort. For individuals, a bankruptcy filing will remain on their credit record for 10 years. When a bankruptcy is filed the law requires full disclosure of the debtor’s finances, including a...

The Bankruptcy Abuse Prevention and Consumer Protection Act was became effective on October 17, 2005 (except for a few provisions). This amendment to the Bankruptcy Code is a major revision of the 1978 Bankruptcy Code and deals mainly with consumer bankruptcy. It was p...

Under pressure from retailers and other companies claiming losses from increased bankruptcy filings, Congress took steps a few years ago to make it more difficult for individuals to file for bankruptcy. Initially, bankruptcy laws were designed to help people, whose fin...

When you face repossession of your home or your car, you may need to declare bankruptcy to save them. If creditors have a valid lien or mortgage on either your vehicle or you real estate filing bankruptcy will temporarily stop any repossession or foreclosure process.

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There are many things to consider when you are going into bankruptcy. One important thing that you might not be aware of is that most of the bankruptcy options are going to give you a public record bankruptcy. A public record bankruptcy means that your bankruptcy is go...

Those who consider bankruptcy may eventually have to go to a United States bankruptcy court. This does not have to be a worrisome experience. Most people will stress out just knowing that they have to be in a courtroom, but with adequate legal counsel from a qualified...

If you are carrying a large student loan and are finding it hard to keep up with your payments, you may be wondering what options you have. You might even be considering filing for bankruptcy as a way to get a fresh start.

When it comes to bankruptcy and student loans,...

Bankruptcy occurs when a process is initiated whereby a debtor obtains court ordered relief from having to pay off his or her debts. It can be of great use in certain cases, but is not advisable for use by everyone that faces financial difficulties. In fact, there is n...

Are you facing financial troubles? Have you tried to alleviate your debts by working with the companies, but not succeeding? There are many reasons for a person to enter into financial difficulties. It is possible that you or a spouse has lost a job, you have medical b...

Nobody likes to get phone calls from collection agencies.  Despite laws intended to protect consumers from harassment, most collection agencies make you very uncomfortable when they’re trying to get the money from you and will call you several times a day.  If you have...

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