Category: Bankruptcy Law

When you win a lawsuit and receive a judgment in your favor, you become an "unsecured" creditor of the losing party. Although you're entitled to receive the funds or property outlined in

The bankruptcy process is inherently disruptive. Many homeowners lose their homes to foreclosure after their debts have been discharged. Since many personal bankruptcies are caused by sky-high mortgage payments on devalued pieces

If you've been served with a notice to appear in court by any old creditor, chances are good that you've had plenty of other warnings about past-due debts and may be approaching

Shoddy finances shouldn't prevent you from fulfilling your civic duty and enlisting in the military. After all, the enemy doesn't care about the state of your personal finances. As a rule, a

American Education Services, a major student lender, provides federal loans from the Stafford and Perkins loan programs as well as a variety of private loan products. If you attended a pricey four-year

Filing for bankruptcy can devastate your credit score and render you unattractive to lenders and retail financial institutions. You're probably aware that you'll be unable to secure traditional forms of credit like

Some attempts to file bankruptcy end unsuccessfully. In fact, bankruptcy judges routinely dismiss Chapter 13 bankruptcy petitions for several common reasons. To avoid a costly and time-consuming mistake, familiarize yourself with these

Like most loans designed to finance the purchase of new or used vehicles, auto title loans are secured loans. When you take out an auto title loan, your promise to repay your

When you file for a Chapter 7 bankruptcy, you'll begin a process through which the bulk of your tangible assets will be liquidated and distributed among your creditors. While your unsecured creditors

The prospect of building your credit with a cosigned car, home or personal loan is exciting. Your first big loan is a major milestone on your road to financial adulthood and can

If your debt situation has become truly unmanageable, you may be able to reduce or eliminate many of your unsecured obligations by declaring bankruptcy. With just a few exceptions, bankruptcy obliterates common

With few exceptions, declaring bankruptcy will absolve you of your responsibility to pay off your outstanding unsecured debts in full. These may include credit card balances, personal lines of credit, certain types

Although your bankruptcy filing will do away with most of your unsecured debts and allow you to begin a new chapter in your financial life, it probably won't completely eliminate your need

Equities generally offer better returns than bonds, money market accounts and other low-yield, interest-bearing investment vehicles. This is because they are inherently risky. Whereas it is exceedingly unlikely that the United States

If you've lost your home to foreclosure after filing for bankruptcy, you may be facing a long road to recovery. Once you enter a bankruptcy petition, your credit rating typically plummets and

If you're like most struggling homeowners, you took out your second mortgage with high hopes that it would improve your financial fortunes. After all, second mortgages are designed to provide some much-needed

Your lender may require a cosigner on your student loans for one of several reasons. Most commonly, they'll ask a parent, relative or beneficiary to step in and guarantee your loans because

After working for the entirety of your adult life to build a nest egg for yourself and your family, the last thing you want is for your 401(k) to disappear into the