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When Bad Things Happen to Good People ...

Bankruptcy May Be Your Option

September 2014 Archives

Personal bankruptcy is not a shameful process

Society has conditioned people to keep their finances and financial situations private. People fear that they will be judged negatively by friends and family if they were aware of any fiscal difficulties, as well as having their pride and ego wounded if their financial position should become precarious and others were to find out.

Alleged false statements in Chapter 7 petition result in charges

During the process of initiating a petition for bankruptcy under Chapter 7 of the U.S. Bankruptcy Code, the debtor is required to file with the petition certain financial information, including a listing of expenses and income, and existing creditors and debts.

How the provisions of the CARD Act protects you from creditors

Personal credit cards have become a ubiquitous characteristic of modern American life; something that -- like a smartphone, social media, or Internet access -- many people, especially younger Americans, seemingly cannot comprehend being without.

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