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Archive for November 2015

What To Do If A Creditor Sues You

What To Do If A Creditor Sues You Uh-oh. You are being sued by a creditor. This is bad thing and you must prevent this from happening and you can definitely stop this in its tracks. Being Sued? Time To Jump Into Action For various financial reasons, creditors don’t usually sue you as fast as they could, legally…

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Why We Need to Know Where You Have Lived the Last Two Years

Why We Need to Know Where You Have Lived the Last Two Years Depending on where you lived two years ago, the bankruptcy laws vary by state and can therefore affect how much of your property will be protected. Even though bankruptcy is a federal procedure, the laws change, state to state, on what you will be able to…

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Bankruptcy as a Tool for Your Business to Succeed

Bankruptcy as a Tool for Your Business to Succeed Let’s think back to General Motors: 2009 vs. 2013. General Motors filed for bankruptcy in 2009, and it was insolvent. General Motors owed about $173 billion and had assets of about $82 billion. They were unable to pay its bills when they were due. Because of bankruptcy, the business…

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What’s an Automatic Stay? Do You Qualify?

What’s an Automatic Stay? Do You Qualify? When you file for bankruptcy, does that always keep the creditors from pursuing you as a debtor? No, so we are here to tell you how you can keep this situation from plaguing you. What’s an “Automatic Stay”? In most bankruptcy cases, you can stop creditors from chasing you…

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