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Archive for October 2015

Know When to Declare Bankruptcy

Know When to Declare Bankruptcy When closing a business, you may be left with a collection of debts and no ability to pay them. Though Bankruptcy can be a scary idea, declaring Bankruptcy may be a necessary step. The process is not as difficult as you may think. Is Bankruptcy a Messy Affair? Though a bankruptcy case dealing with the financial…

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To Catch a Creditor: Is Pursuing Discharged Debt Illegal?

Is Pursing Discharged Debt Illegal? The short answer to this question is yes. Pursuing an already discharged debt is against federal law, but there is a lot more that you need to know in case you ever find that your debts discharged through bankruptcy are still being pursued by creditors. Before you take action, contact…

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Make Bankruptcy Better with an Attorney

Make Bankruptcy Better with a Lafayette, IN Bankruptcy Attorney Bankruptcy attorneys receive calls all the time from people who have tried to take the bankruptcy process into their own hands. If you choose to do this, you can find yourself in trouble that could be quite serious. Even the meeting of creditors, a simple meeting with…

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Protecting Your Co-Debtors with Chapter 13

Understanding the Automatic Stay when Filing for Bankruptcy As soon as your bankruptcy case is filed, the automatic stay takes effect. The purpose of the automatic stay is simply to protect you from creditors still trying to collect debts. All bankruptcy cases, including Chapter 7 and Chapter 13, have an automatic stay. As you may have guessed, an automatic stay…

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