Bankruptcy
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The best offense is frequently a good defense. No matter how astute a business person you are, or how skilled you are as an investor, or how lucky you are with your lottery tickets, it does little good if you leave your assets hanging like a slab of meat in the water for trial lawyers to sink their teeth into. Let's face it: America is growing increasingly litigious, and the more assets people
The current economic crisis has caused millions of Americans to lose their homes and has forced many to insolvency. Some have been forced to take the drastic measure of declaring bankruptcy. There is no shame in declaring bankruptcy. It may be a necessary step for some people that are overly leveraged. While going through a bankruptcy is a tragic experience, you can use the experience to get
Recent Articles in Bankruptcy
8 Asset Protection Strategies – How to Protect Your Wealth From LawsuitsJanuary 25, 2012
The best offense is frequently a good defense. No matter how astute a business person you are, or how skilled you are as an investor, or how lucky you are with your lottery
6 Bankrupt Celebrities Who Went From Rich to BrokeDecember 21, 2011
Making millions of dollars or having celebrity status doesn't do much to deter bankruptcy. Between 2008 and 2009, bankruptcy filings for those with more than $1 million in assets
The Real Reasons Why Companies & Business Startups Are FailingOctober 4, 2011
Running a business is very risky. In fact, an estimated 49% of businesses fail within their first five years and approximately 30% of businesses don't even make it through the
How Different Types of Debt are Treated in BankruptcyAugust 18, 2011
If you're considering filing for bankruptcy, you should know that not all debts are treated equally. For example, certain debts cannot be discharged, or forgiven, and must be
How Does Bankruptcy Affect Your Credit Score?August 16, 2011
The main issue that discourages most people from filing bankruptcy is the detrimental effect is has on their credit. It's true that a bankruptcy can stay on your credit report for
When and Reasons Why to File for BankruptcyJuly 26, 2011
Declaring bankruptcy is a pretty extreme measure, but used in the right way at the right time, it can save you money, preserve your peace of mind, and get you back on your feet
How to Declare and File for Bankruptcy – 4-Step ProcessJuly 20, 2011
Petitioning for bankruptcy can be a long process, but it doesn't need to be a difficult one. Most of it is simply a matter of filling out the paperwork correctly and approaching
Chapter 7 vs. Chapter 13 Bankruptcy – Which Should You File?July 18, 2011
If you've decided to declare bankruptcy, it's important to understand the different types. Both Chapter 7 bankruptcy and Chapter 13 bankruptcy offer unique benefits. Which one
What Is Chapter 13 Bankruptcy – Filing Rules & InformationJuly 14, 2011
Filing for Chapter 13 bankruptcy can stop creditor harassment, runaway interest rates and fees, and can provide you with a structured plan for paying down your debt. It's sometimes
What Is Chapter 7 Bankruptcy – Filing Rules & Means TestJuly 8, 2011
When you think of bankruptcy, you probably think of Chapter 7 bankruptcy. It is sometimes referred to as a "straight bankruptcy" or a liquidation. Chapter 7 bankruptcy allows most
