Your household size can be a critical factor in determining whether you can file a Chapter 7 bankruptcy case or how much you need to pay in a Chapter 13 case.  Household size is the starting point in figuring out if you are above or below the median income for your state.  The larger the [...]

Restitution ordered in juvenile delinquency proceedings is dischargeable in chapter 13 bankruptcy, the U.S. Court of Appeals for the Tenth Circuit ruled in the case of In Re Sweeney, No. 06-1224, July 11, 2007.
Shea Thomas Sweeney was adjudicated a juvenile delinquent at age 12 for arson. As part of his sentence, he was ordered to [...]

This past week, Colorado enacted a series of bills aimed at curtailing the state’s dramatic upswing in foreclosures.
The office of Colorado Governor Bill Ritter said Friday that he signed House Bill 1322, as well as Senate Bills 85, 203, 216, and 249. All of the bills are part of a much larger legislative package that [...]

If you owe your bank money they may close your checking and savings accounts after the filing of the bankruptcy.
The bank may not take any money from your accounts after you have filed to off-set their debts. However, sometimes they do and then it takes a while to get the money back.
Some banks will freeze [...]

You and your money have a relationship. This relationship can create stress, anxiety, exhilaration, feelings of lust and longing, and many other emotional responses.
If you are having trouble with money then you need to reevaluate this relationship.
Think about what money means to you and why? Use this information to better understand yourself and use the [...]

The answer is simple. You keep fixed costs low, live on cash and save your money.
Fixed costs are costs you pay every month like rent or mortgage. The lower these costs, the less obligations you have, and the more money you have in the bank which lessens the chance a financial set-back will bankrupt you.
 
See [...]

The full cost of your bankruptcy will depend on the complexity of the issues you face in your case.
A simple Chapter 7 Bankruptcy requires little more than preparation of your documents, filing the documents, and attending your 341 Meeting of Creditors.
However, if further issues occur after the filing of your case you may need to [...]

It depends on the service you are going to get from the attorney filing your bankruptcy.
All bankruptcy lawyers and their bankruptcy law firms will provide the same critical documents to complete a successful bankruptcy.
However, not all bankruptcy attorneys will have the training and knowledge to handle complexities within your case and not all bankruptcy lawyers [...]

If you consider paying back some Creditors from your bankruptcy consider this. In general, you are just a business transaction to all but the smallest of lenders and your bankruptcy is overall irrelevant to their financial future.
In addition, paying back Creditors after bankruptcy generally has no positive benefit to your Credit Score.
In fact, paying back [...]

Once you get in such a bad financial situation that you are filing bankruptcy it is very important that you use the bankruptcy to stabilize your life.
You will still have obligations to pay after the bankruptcy, such as your mortgage, car, rent, or utilities. Solidify your financial position and live within your means once bankruptcy [...]