So you've declared bankruptcy. What should I do next? At first glance, you have a lot of ideas for how to start over. You have paid off almost all of your debts and, at least from a financial point of view, you are a new person. But keep in mind...
After you file for Chapter 7 bankruptcy, pay the required fees, and follow the law, you get a "automatic stay." Most collection actions against you and your property will be stopped because of this stay (11 U.S.C. 362). This means that as long as...
Roth 401k is a good way to save for retirement. Even though it doesn't give you a tax break right away, when you take money out of the account in retirement, you don't have to pay income tax on it.
This tax benefit is only available to...
The Bankruptcy Abuse Prevention and Consumer Protection Act, which was signed into law by President Bush, will go into effect in just a few weeks. In short, the new law, which goes into effect on October 17, 2005, makes it harder to get rid of...
If you could save up $10 and invest it in a proven programme that could get you out of debt in 60 days, would you do that instead of filing for bankruptcy under the Hawaii Bankruptcy Law? There is something you can do right now that will not only...
Before you run to a lawyer to help you file for bankruptcy, you need to know what is and isn't bankruptcy. After that, you will need to find a bankruptcy lawyer to help you file your case. Many people file for bankruptcy right away because they...
If you are having money problems and are thinking about debt consolidation or bankruptcy, you may also be thinking about hiring a bankruptcy lawyer. Getting extra money to pay a bankruptcy lawyer can be nearly impossible for people who are in a...
In the past few years, bankruptcy law has grown by leaps and bounds, even though filing for bankruptcy is as easy as filling out a few forms. Misconceptions, scary news stories, and misleading ads from many of the firms that now only do...
As it gets easier to get loans, credit cards, and other forms of credit, the rate of bankruptcy in the United States also goes up. Between 1994 and 2004, the number of bankruptcies in the United States nearly doubled. As a response, the...
It can be scary to find yourself in a tough financial situation. Even scarier is the thought of having to deal with bankruptcy, especially since most people and businesses don't take the time to learn about the laws that go along with it. Since...