Archive | May, 2014

What is a bankruptcy trustee?

May 27, 2014  |   Posted by :   |   bankruptcy   |   0 Comments

A trustee in a bankruptcy case is an individual appointed by the courts to oversee and deal with a bankruptcy petition. The trustee is typically an attorney and is selected from a list of eligible trustees. This individual is trusted to be impartial and handle many responsibilities throughout the bankruptcy process.  However, it is beneficial […]

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What are non-dischargeable debts in bankruptcy?

May 20, 2014  |   Posted by :   |   bankruptcy   |   0 Comments

In bankruptcy law a a discharge is a release of personal liability of a debtor from certain debts.  A bankruptcy discharge varies depending on the type of bankruptcy being filed (Chapter 7,11,12,13). There are certain debts that can never be discharged.  You will still owe on these debts. These non-dischargeable debts include . . . […]

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What is the difference between Chapter 7 and Chapter 13 Bankruptcy?

May 13, 2014  |   Posted by :   |   bankruptcy   |   0 Comments

Many people considering bankruptcy need clarifications about what their options are before filing with the courts.  Depending upon your income and level of debt owed you will want to weigh whether you will qualify for a Chapter 7 Bankruptcy – sometimes called Liquidation or a Chapter 13 Bankruptcy – sometimes called an Adjustment of Debts.  […]

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Seniors and Bankruptcy

May 06, 2014  |   Posted by :   |   bankruptcy   |   0 Comments

Debt problems can effect people at all ages.  Failing pensions, rising cost of health care and the general weakness of the economy can cause the financial “perfect storm” – especially for the elderly.  Seniors should be enjoying their golden years but unfortunately unforeseen circumstances can lead many to consider filing for bankruptcy.  Always discuss your […]

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