Blog Posts in June, 2011
Posted on Jun 29, 2011 By Majed
Employers are prohibited by federal law to discriminate against employees who have filed bankruptcy. Further, you are not required by the bankruptcy code to report your filing to anyone other than a ...
Continue reading "Can I Lose My Job if I File Bankruptcy?" »
Posted on Jun 27, 2011 By Majed
Federal law mandates that individuals who file for bankruptcy are not discriminated against. An individual that has filed for bankruptcy is a part of a protected class that encompasses all of his/her ...
Continue reading "Will Filing for Bankruptcy Keep me from Receiving Social Security Disability Benefits?" »
Posted on Jun 24, 2011 By Majed
A bankruptcy judge in California ruled that the Defense of Marriage Act is unconstitutional, holding that a same-sex couple that filed for bankruptcy jointly was in compliance with federal laws. This ...
Continue reading "Same Sex Couples May be Able to File Jointly in Some States" »
Posted on Jun 22, 2011 By Majed
There are several benefits to filing bankruptcy for a fresh financial start. Bankruptcy is a legal process. What the court says goes. This means that once a court has made a decision that you are no ...
Continue reading "Why File Bankruptcy?" »
Posted on Jun 20, 2011 By Majed
Conventional wisdom says that bankruptcy stays on the credit report for 7-10 years, however that timeframe varies depending on the factors involved. The creditors have the option of choosing the time ...
Continue reading "How Long Will Bankruptcy Stay on My Credit Report" »
Posted on Jun 17, 2011 By Majed
Yes. Being self-employed does not preclude a debtor from filing Chapter 7 instead of Chapter 13. The same rules apply for employed, unemployed and self-employed individuals filing for Chapter 7. You ...
Continue reading "I am Self Employed ... Can I File Chapter 7?" »
Posted on Jun 13, 2011 By Majed
Reaffirmation is when the debtor voluntarily obligates himself to a legal debt that could be discharged. This means that there is no discharge for this particular debt and it must continue to be paid ...
Continue reading "Chapter 7 Reaffirmation" »
Posted on Jun 10, 2011 By Majed
Technically, there is no age requirement for filing bankruptcy. The bankruptcy code does not explicitly spell out how old someone must be to file Chapter 7 or Chapter 13. However, most state laws ...
Continue reading "How Old Must I Be To File Bankruptcy?" »
Posted on Jun 8, 2011 By Majed
For most Americans, their home is their most expensive and most important asses they possess. It is no wonder that many Americans are turning to bankruptcy in order to save their homes from bank ...
Continue reading "Stop Foreclosure with Bankruptcy" »
Posted on Jun 6, 2011 By Majed
Divorce can be one of the most devastating circumstances that a person encounters. Divorce has long lasting impacts on individuals, from emotional to financial. While a bankruptcy attorney cannot turn ...
Continue reading "Eliminate Divorce Debt" »
Posted on Jun 3, 2011 By Majed
We often hear about the end result of bankruptcy - the automatic stay, the end to harassing collectio n attempts and the coupe de grace; the discharge. However, the most important parts of bankruptcy ...
Continue reading "Preparing Your Bankruptcy" »
Posted on Jun 1, 2011 By Majed
Occasionally, you will hear the term “involuntary bankruptcy” in the news media. Primarily focused on businesses with tangible assets that can be converted into cash, an involuntary bankruptcy is when ...
Continue reading "Can My Creditors Force Me Into Bankruptcy?" »