Every year companies of varying sizes may be forced to file bankruptcy or go out of business. This can be small mom and pop businesses in places such as Moorestown New Jersey and Philadelphia Pennsylvania or large name brands. Each year 24/7 Wall St compiles a list of...
Month: January 2016
Credit Card Debt Can Be Eliminated in a Chapter 7 Personal Bankruptcy
Credit card debt can be eliminated in chapter 7 personal bankruptcy in many instances. Often credit card debt can become overwhelming because of a drop in income, because of a divorce, because of an illness or other reasons. Bankruptcy is often the best option in...
Stop Creditors from Harassing Relatives with Fair Debt Collection Practices Act
The Fair Debt Collection Practices Act can be used to stop or punish creditors and debt collectors from harassing relatives and friends. Financial struggles often make it impossible to keep up with credit cards and other bills. While bankruptcy often would help...
Forgetting to include Creditors in Chapter 7 Personal Bankruptcy
What do you do if you filed a Chapter 7 personal bankruptcy and received your discharge and then realized you forgot to include a creditor. Prior to 1996 the debtor was required to file a motion to reopen the bankruptcy, pay a court fee, then file an amendment to add...