Do you need an attorney to file bankruptcy? No! Absolutely not! There is no requirement that you be represented by an attorney when you file a bankruptcy! In fact, I found a website today that tells you how to do one yourself! Tips Catalog! Should you use an attorney to file your bankruptcy? Yes! Absolutely! There [...]
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Bankruptcy has become an epic war between debtors and creditors. These two groups are constantly battling for control of the debt in question. The debtors are seeking to either reject or modify the debt while the creditors are seeking to enforce the debt. The Bankruptcy Trustees and Judges are the negotiators enforcing the law while [...]
The filing of a bankruptcy will stop a creditor from garnishing your wages. One of the benefits of filing a bankruptcy is that the bankruptcy “Stays” all collection proceedings. This means that during the bankruptcy a creditor cannot contact you about the debt, can’t sue you on the debt, or try to collect on the [...]
One of the main benefits of filing a bankruptcy is that the Bankruptcy Code imposes an Automatic Stay of all collection proceedings. Collection proceedings include, among other things letters, telephone calls, lawsuits and garnishments. If a creditor or a debt collector continues to call you once you file for bankruptcy, a Court may make the company [...]
Bankruptcy can be used to stop a foreclosure sale. This occurs because the automatic stay stops all attempts to collect on a debt, and a foreclosure sale is the way a creditor with a mortgage on your home will most often use to collect on the debt that you owe it if you are behind [...]
