Jay King

Don’t live on your credit cards prior to filing bankruptcy

Is it a wise decision to live on your credit cards? What are the repercussions? How will this affect your plan to file for bankruptcy? For many of us it really is not a choice, when there is no income coming in and bills need to be paid turning to your c... Read >

Overcoming the morality issue when filing bankruptcy

For many of us the thought of filing for bankruptcy may not sit well with one's morality. The concept is that you borrowed the money or took out the loan from the creditor and it is your moral responsibility to pay the creditor back rather than having the... Read >

Increasing number of sites offering a bankruptcy evaluation online

As more and more people turn to the Internet for all their needs, an increasing number of sites are offering a free bankruptcy case evaluation online. This allows a person who is considering filing for bankruptcy the ability to first start their prelimina... Read >

How long after filing bankruptcy will I beback to having good credit?

One of the biggest deterrents from filing for bankruptcy is the impact it will have on your credit. There are many myths out there that after a file for bankruptcy one will never be able to get their credit rating back to a high standard. This is absolut... Read >

Can filing bankruptcy discharge your tax debt?

It is that time of year again. The deadline for filing your taxes is slowly approaching. If you are thinking about filing for bankruptcy you may be wondering if your file for bankruptcy can discharge your tax debt. The way US bankruptcy law treats disc... Read >

How does a reaffirmation agreement work in a chapter 7 bankruptcy?

A reaffirmation agreement is an agreement between a creditor and debtor in which it is agreed upon that a debt, which would otherwise be discharged as part of filing for bankruptcy by means of a chapter 7 bankruptcy, will be paid. A typical example of ... Read >

Getting a Mortgage after Filing Bankruptcy

To most of us the thought of filing for bankruptcy sounds so devastating and final. To file for bankruptcy is considered as throwing in the towel, giving up or calling it quits. This is cannot be further from the truth. A chapter 7 bankruptcy, which is th... Read >

Bankruptcy Texas Exemptions

Texas is the second most populated state in the United States. It has a population of almost 25 million people. Texas by itself constitutes almost 8 percent of the population of the United States. Texas is in the 5th circuit of U.S Bankruptcy courts.Filin... Read >

Chapter 13 Bankruptcy Plan

The Chapter 13 Bankruptcy plan or sometimes referred to as the proposed plan, repayment plan or reorganization plan is the fundamental basis behind a Chapter 13 Bankruptcy. Unlike a chapter 7 bankruptcy, if you are filing bankruptcy under this chapter the... Read >

Chapter 7 Bankruptcy 341 Meeting

If you are going to file aChapter 7 Bankruptcy, you may have heard of something called a 341 meeting. A section 341 meeting can also sometimes be referred to as a meeting of creditors or creditors meeting. Essentially this is a meeting where if you are fi... Read >

Filing for Bankruptcy under Chapter 11

Most of us are familiar with a Bankruptcy Chapter 7 or a Bankruptcy Chapter 13, but what is a Bankruptcy Chapter 11? A Bankruptcy Chapter 11 is usually filed by a business. With the United States economy taking a severe hit, many businesses are filing for... Read >

Bankruptcy Chapter 7 VS Bankruptcy Chapter 13

There are many different types of Bankruptcy under Bankruptcy Law that are designed and structured to assist an individual or corporation that is financially burdened by debts in different ways. The most common types of bankruptcy are a Bankruptcy Chapter... Read >

Bankruptcy California Exemptions

California is the most populated state in the United States with an estimated population of over 36 million people. California alone comprises of almost 12 percent of the entire United States population. The bankruptcy law in California does not vary from... Read >

Bankruptcy Florida Exemptions

The State of Floridafalls as the 4th most populated State in the United States. It has an estimated recorded population of over 18 million. Florida lies in the 11th circuit of US Bankruptcy courts. In 2007 Florida had a total of 41,462 bankruptcy filings... Read >

Can I file bankruptcy again?

Finances dwindle throughout the life. It is likely that you face a situation in life where you have no money to pay back your loans. In such a situation, you can declare yourself bankrupt and file for bankruptcy. This was one instance. What if this situat... Read >