Once you file for Bankruptcy, your entire financial life becomes harder. Your credit record or history is marked and it becomes increasingly difficult for you to secure a loan if you need one. It is not impossible to secure a loan just more difficult. There are subprime lenders out there that are interested in helping [...]
Bankruptcy is a process where debts are legally elliminated from ones life. The court is the only one that can grant or deny a petition for Bankruptcy. There are two main types of bankruptcy that can be filed. The first, chapter 7 is when part or all the debt of an individual or business is [...]
The Bankruptcy Court is a part pf the federal court system. TheBankruptcy issues are heard by the 94 Districts within the Federal Courts. They do have their own Clerk Of Courts. A bankryptcy court needs to follow the Federal rules but may be governed under local rule. The courts appoint a trustee to oversee the [...]
Each year thousands of individuals and businesses file for bankruptcy. Their personal belongings can be auctioned to help meet their debts to creditors. When the belongings are sold they are done by the government appointed trustee at an auction. Become familiar with the different types of furniture and their values prior to attending or purchasing [...]