All Entries in the "bankruptcy laws" Category
The Reality of Foreclosure Investing – Foreclosure Laws
The reality of foreclosure investing is very different from what people have been led to believe through late night infomercials and the hundreds of books written on the subject. Always remember these two key facts when dealing in foreclosures. • Every active foreclosure investor works a lot more than people working 9-5 jobs. • Serious [...]
Circuit City Files for Bankruptcy – Chapter 11 Bankruptcy
It was a shock to recognize Circuit City filing for Chapter 11 bankruptcy today, and it has left many wondering what happened. Last week, employees and consumer were shocked to stare that Circuit City announced the decision to cut its labor force by 17%, as well as shut down 155 stores nationwide. Apparently, that would [...]
Things to Consider Before Hiring a Bankruptcy Lawyer – Bankruptcy Lawyers
With so many people in to far with debt these days, many are considering bankruptcy to acquire out of this dilemma. While this can help, it can also have negative effects on your life for many years to come. So before seeing a bankruptcy attorney you should consider the following. Bankruptcy laws have changed in [...]
Rethink Filing for Bankruptcy – Bankruptcy Lawyers
It’s no secret, this economy is in distress. More and more people are falling behind in credit payments. Traditionally, people who descend to far leisurely acquire filing for bankruptcy is the only way to get out from under this falling economy. Bankruptcy is not the “magic reset button” that many people contain it is. It [...]
Foreclosure and Bankruptcy
Filing Chapter 13 bankruptcy helps a homeowner keep his home, but only if the homeowner is not too far upside down on the loan. When a person files Chapter 13, an automatic cease is activated. Creditors cannot continue to pick up or pursue most debt collections, including a mortgage foreclosure (11 U.S.C. §362). The stay [...]