Bankcruptcy

Bankruptcy Or Unpaid Debt Can Ruin Your Life

Posted by on March 16, 2012 at 11:53 pm

Looking for a job and or a promotion and you filed bankruptcy in the recent past? Let’s say within the last 7-10 years. First and foremost it is illegal for an employer not to hire or promote a possible employee or current employee because this person has filed and been discharged or is currently paying [...]

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What Should I Avoid Prior to Filing for Bankruptcy Protection?

Posted by on March 11, 2012 at 5:48 am

There are certain things that you should not do prior to filing for bankruptcy, as it may inconvenience you, or hinder or delay your case. Banking When it comes to banking, most consumers are loyal to their banks. The most common phrase I hear is, “But I’ve been banking with “X” Bank for more than [...]

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Chapter 7 Bankruptcy Means Liquidation!

Posted by on March 9, 2012 at 2:00 pm

Keep in mind that when filing chapter 7 bankruptcy, you are actually commencing a liquidiation process that you may not be able to readily stop. In bankruptcy a liquidation is simply the sale of your assets to pay creditors. The liquidation is conducted by the bankrutpcy court trustee who supervises your bankruptcy case. Bankruptcy is [...]

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