When people ask me how to file for bankruptcy the first thing I always tell them is to avoid bankruptcy at all costs.  To many people bankruptcy seems like such an easy way out but that is a very short term view of the process.  Bankruptcy my relieve some of the debt you are trying [...]

When you file a bankruptcy case to be considered you file it with the federal bankruptcy court.  Even though the state can have laws that affect bankruptcy all bankruptcy cases are handled by the federal bankruptcy court and the judges in the federal bankruptcy court make the final decisions on bankruptcy cases.  Those decisions can [...]

Bankruptcy is the legal process in which a person declares their inability to pay debts. It is a condition of financial insolvency in which the person’s debts exceed their assets and they have no other way out of their debt but to file for bankruptcy. Bankruptcy should always be your very last option, after you [...]

Many people who have filed for bankruptcy have the opinion that they will have to wait until the action has been removed from their credit report before they can apply for credit. The reality is that many companies have no trouble issuing high risk, high interest credit to recently discharged bankrupt and obtaining a home [...]

Inheritance is often a subject of discussion in many forums as many complain about the money they leave for their children and other beneficiaries is subject to inheritance taxes. Their major complaint is that they believe they have already paid income taxes on that money and it should be available to give away upon their [...]

There are a lot of questions if you have been through bankruptcy and think you may want to become a student again or if you are facing bankruptcy and you are currently paying back your student loans.  Most of these questions about student loans and bankruptcy can be explained in pretty simple terms which means [...]

Believe it or not, standing on the roof and yelling that you are broke is not how to file bankruptcy, no matter where you live. In most cases, you should contact an experienced bankruptcy attorney after the initial consultation they can advise you if you qualify to file for financial relief and the type of [...]