Personal Bankruptcy

I got the idea in the back of my head that the very last thing any person wants to do is file for bankruptcy protection. When they get around to finally calling their attorney, on average, they have waited 2 to 3 years longer then they should have before filing a bankruptcy.
During this time they [...]

This is a common question asked of us all the time. The answer is simple: There is no minimum amount you need to file bankruptcy. Theoretically, if you have only $1.00 in debt, you can file. Of course, you would never do this on only $1.00 in debt.
However, there is a maximum amount you can [...]

If you are facing foreclosure and or other debilitating and caustic financial challenges it is a time for careful reflection because the decisions you are in the process of making are going to have lasting effects on your credit FICO score, your ability to borrow money and the cost of money to you for years [...]

Chapter 11 refers to the specific chapter of the federal Bankruptcy Code that handles business reorganization. Once a business or corporation files a Chapter 11 bankruptcy petition, all of its debts and contractual obligations are frozen on the day of filing.
A trustee is appointed by the court to oversee the bankruptcy estate. The corporation continues [...]

The Fair Debt Collection Practices Act (FDCPA) came into practice to regulate the methods used by debt collectors in collecting debt. According to the FDCPA, a debt collector is someone who collects debts on a regular basis. This includes collection agencies, lawyers who collect debts on a regular basis and companies that buy criminal debts [...]

Bankruptcy used to bring much shame and stigma in the past. People have even been known to take their own lives because of it. In current society, however, a bankruptcy petition is seen not as a badge of defeat but as a practical social safety net. People in the United States, including St. Petersburg FL, [...]