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Bankruptcy Questions – How to File For Bankruptcy and Other Information

January 13, 2010 By Leave a Comment

Many people are facing really difficult financial times. Either they have lost their jobs or gotten a pay cut, the fact is that many people were forced to turn to their credit cards in times of economic hardship and now they are buried in debt and they can’t seem to be able to catch up. If you have any bankruptcy questions, keep reading this short article and you will be able to determine whether bankruptcy is a good option for you or not.

Will My Life And Credit Be Ruined Forever?

If you are reading this, it is probably safe to assume that you are already way too deep into credit card debt and either have defaulted on your payments or are barely able to keep making them. No matter what your situation is, you should always think of covering your basic needs before anything else. For example, pay for your living expenses including meals, medicine and school for your children first. If you are at a point where paying back your debt, then consider bankruptcy. Your credit is probably in not very good shape already. If this is the case, it is always best to plug the holes and take drastic measures to correct the situation. When you file for Chapter 7 Bankruptcy, your credit score will definitely take a hit. But after your discharge you will be able to rebuild it and bring it back up to good standing. The bankruptcy discharge will stay in your credit report up to 10 years, but you will be able to get credit a few months after your discharge.

Do I Need An Attorney Or Can I File By Myself?

The process of filing for bankruptcy is not easy. You do not need to retain the services of an attorney, but it is highly recommended. There are many forms and different types of paperwork needed to filing a bankruptcy case. These are not easy to understand for those without proper training and if you make a mistake while submitting your forms you may risk not getting a court ordered discharge. This is why retaining the services of an attorney is highly recommended. Most firms that specialize in Bankruptcy cases will give you a free consultation where you can get all of your questions answered. At this initial meeting you will be advised what to do and also find out fees and other details.

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Bankruptcy Pros and Cons – Bankruptcy Questions Answered to Find the Light at the End of the Tunnel

January 10, 2010 By Leave a Comment

There a few feelings worse than being harassed by creditors calling you at your office and at home at all hours of the day. That nasty feeling in your stomach every single time the phone rings and that you are fully aware that it is going to be someone from any of your credit cards or mortgage payments to remind you that you are past due or worse, to threaten you with lawsuits and wage garnishments. There are so many different reasons why you are behind. Perhaps you lost your job or got a big pay cut due to the economy. Perhaps you had to face a medical emergency after you lost your income and fell behind on your payments and now you are in very deep hole and you don’t know what to do and you are considering all the bankruptcy pros and cons.

Firstly, please relax and know that the law affords you the protection of a bankruptcy filing. There are many myths involved when it comes to filing but some of the most common bankruptcy pros and cons are these:

Pros

1. You will put a stop to creditors harassing calls. By law they can’t call you anymore
2. You will get a break and instead of struggling to make minimum payments you will be able to start saving little by little until you are back on your feet
3. Most of your debts will be wiped clean with a court ordered discharge allowing you a clean slate to start anew
4. You will be able to begin rebuilding your credit as soon as a few months after your discharge

Cons

1. The bankruptcy discharge will stay on your credit report up to 7 years
2. You may experience a sense of defeat because you had to file
3. You may not be able to access lower rate credit plans in the near future
4. It may be difficult for you to obtain credit a few months after the discharge

In reality, the pros far outweigh the cons because it will allow you to get back on your feet quicker. Paying the minimum payments will take you many years before you can get rid of that debt. With bankruptcy chapter 7 or chapter 13 you will be debt free far quicker.

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Many types of Bankruptcy Loans

January 9, 2010 By Leave a Comment

Common sense dictates that someone who has gone through a Bankruptcy will not be able to get approved for a loan. However, the financial industry is known to rapidly create solutions to customer

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Lawyers Q&A

January 8, 2010 By Leave a Comment

a question for lawyers out there or anyone who knows about laws & rights & contracts.?
I did some freelance modeling a while back. However, I wish to gain back the copyrights to my pictures because I realized that one of the photographers who has been shooting me has been posting all images online to the public. However, he.

do i have a good case?
for the last 5mths i work at my job. i never receive a lunch break.now they fire me without a reason. ps. if you have any lawyers number email it to me. Call Legal Aid. – I think you’re not being honest and telling the whole story. No employer in his right mind.

Do female lawyers face discrimination in the workplace/school?
According to the Princeton Review, as well as several other reputable sources, women can be treated poorly by their male classmates in law school. In fact, the PR includes a list of ‘women-friendly’ universities because this sexism is so widespread. Also, I have read that often women often are passed over.

Do I have a chance in court without a lawyer concerning probate and civil suits?
The probate has been going on since june 28 2003 and has not been resolved yet. My siblings have filed 4 civil suits against me concerning the probate. I should mention my siblings have plenty of money to hire numerous lawyers and I do.

Do judges need to be attorneys?
Do appointed court judges need to be attorneys A college degree and work experience is the minimum requirement to be a judge. Most judges have worked as lawyers. In fact, Federal and State judges usually must have worked as lawyers. That means that they need to go to law school. Law school usually.

Do judicial laws truly favor the rich? (Those who can afford high powered lawyers/ can influence judges)?
Note all those recent cases where criminals get away with commiting all kinds of crimes. Our system favors the rich in two ways. First, if you are rich enough, you can hire an army of the best lawyers, expert witnesses, and provide.

Do laws that are difficult to enforce or prove punish honest people?
I am thinking of illegal immigration and the impact it has on employers who are unwilling to accept false social security numbers or pay in cash. I am also thinking of some of the ethical obligations imposed on lawyers like duties to disclose model rule 4.1. The.

Do lawyers ever agree to defend a case on contingency?
Like, will a lawyer say, OK, I’ll defend you and if you win the case, then you pay me $X. But if you lose, you don’t owe me anything. The only cases I know of that are taken on a contingency are Civil cases where there is a settlement.

Do lawyers have initials? (i.e. M.D., PhD, etc)?
doctors have M.D. or D.O. do lawyers have anything? A Juris Doctorat (JD) is the typical 3-year degree, but a lawyer may also choose to get an LLM degree, an advanced masters in a particular area of law (for example, you can get an LLM in tax law. – J.D. Juris.

Do lawyers vote liberal or conservative? Where’s the stats?
Liberal. Trial lawyers love Democrats, as they are anti-big business and tend to pass laws that give lawyers a greater chance to sue and make money. – Cheney’s probably vote liberal. – why you need a lawyer? – not every lawyet is a trial lawyer. What about corporate lawyers,.

do productive people like lawers and docters smoke weed?
You have no idea what kinds of drugs many lawyers and doctors will do. Although lawyers will try to stay away from it, I have heard of doctors smoking weed (think about it, if we already have a medical marijuana movement, don’t you think a few docs are smoking.

Magistrate/Small Claims Question.Any lawyers out there?
I have a question. When we moved from a house we were renting over a year ago, we owed $640.00 in rent which we had forgotten all about. We had all kinds of situations occue during that time which caused us to forget all about this.not working, wife in hospital, no money, etc..

Malpractice?
4.A neurosurgeon receives a patient consent to a complicated surgery, one of the risks of which is loss of the use of a limb. The surgery is successful, but the patient loses the use of an arm, and sues for malpractice. What will likely happen?

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Bankruptcy or Debt Settlement – Which One Is Better?

January 7, 2010 By Leave a Comment

Debt is simply a part of life for everyone, but in today

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