Monthly Archives: May 2009
Filing for bankruptcy can stop car repossession in Miami and may even allow the filer to re obtain his car. The Chapter 13 Bankruptcy can stop repossession. If your car has been repossessed by a creditor and not sold by him when you have filed for Chapter 13 Bankruptcy, then the court can order the […]
At some point almost every individual or family can experience a hardship that makes it impossible to keep up with ordinary living expenses. Loss of income, pay cut, increased expenses, downturn in business, loss of a family member, an adjustable rate mortgage or some medical condition can all cause financial pressure. Most people try everything […]
Bankruptcy laws in the US are indeed quite apt in these trying times. When loans or mortgages are taken by borrowers, they have some expectations in terms of being able to replay. These repayment schedules and quantum are accepted in the backdrop of a certain economic milieu, with the knowledge of a certain amount of […]
No matter where you stay in the US, there seems to be no respite from the relentless and oft merciless onslaught of the effects of global recession. Companies, banks and individuals have all been adversely affected by the economic downturn that has wiped off the net-worth of these entities without discrimination. All sings of fiscal […]
Before filing for Banruptcy these are the things one should think about… Below is a list of items that you must think about when you are deciding to file for bankruptcy. 1. Cost. Most attorneys will try to get as much as they can out of you. Know that a typical Chapter 7 costs roughly […]
A question we have been getting a lot lately is: what is Involuntary Bankruptcy? Well according to our friends at Justia, Involuntary Bankruptcy is a proceeding initiated by creditors requesting the bankruptcy court to place a debtor in liquidation. There are a number of reasons why creditors would initiate bankruptcy: It requires the debtor to […]
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Non Citizens and Bankruptcy by: Andres Montejo, Esq. A question was posed… I am a resident alien, and I am interested in filing for Bankruptcy. I am also interested in applying for citizenship. Will the Bankruptcy have an effect on my application for citizenship? The simple answer is NO. In general one cannot […]
The downfall of economy in since the past year has caused crisis among people with respect to finance, jobs, cost cutting, loan repayment etc. This scenario has resulted in many people filing for bankruptcy due to the overwhelming amount of debt the creditors have to repay. Bankruptcy Lawyer Miami have legal expertise and experience to […]
Bankruptcy is a legal declaration by an individual or a firm or an organisation to their creditors due to their inability to pay off their debts. The current trend in market has drastically affected almost all the debtors to declare bankruptcy because of the heavy losses they have undergone due to recession. The Bankruptcy law […]