Latest News Categories New Bankruptcy Laws

Recent Posts in New Bankruptcy Laws Category

Lawmaker Asks for a Break in Bankruptcy

Federal prosecutors don’t want to see an Idaho lawmaker get away with paying back a fraction of the money he owes, simply because he can’t afford it. The politician has requested to pay ...

New Law May Help Those Filing for Bankruptcy

In Tennessee, a new law may be helpful to those who are declaring personal bankruptcy and allow them to protect more of their personal assets. The law will increase the amount that a debtor can claim ...

Supreme Court Uphold Lawyers’ Rights to Give Advice

The U.S. Supreme Court has ruled that it's okay for bankruptcy attorneys and debt relief agencies to advise their clients to take on more debt when considering filing for bankruptcy. The case centers ...

Stop Foreclosure with a Loan Modification

Sylvia Alayon, vice president of operations for the Consumer Mortgage Audit Center, predicts there will be a new wave of foreclosures as financing becomes tough, unemployment remains high, and the ...

Debt Settlement v. Debt Consolidation

If you are looking for a way to get a handle on your debts, you may want to consider debt settlement or debt consolidation as an option for you. Debt Settlement is the process of negotiating with your ...

Foreclosure Guidelines Announced to Help Troubled Homeowners

The U.S. Treasury Department has released new guidelines designed to help struggling homeowners through the short sale process. The new guidelines for the Home Affordable Foreclosure Alternatives ...

Understanding the Term "Automatic Stay"

By definition, a temporary stay is a temporary evaluation that takes effect as soon as an individual or corporation files for bankruptcy. Once an automatic stay has been put into place, creditors are ...

What Types of Debts Are Not Dischargeable Through Bankruptcy?

Chapter 7 bankruptcy is the most popular type of consumer bankruptcy because it completely eliminates a person's dischargeable debt. That being said, Chapter 7 will not eliminate all of person's debt. ...

How Long Does the Bankruptcy Process Take?

If you are considering filing for bankruptcy, you may be wondering how the long bankruptcy process will take. The length of the bankruptcy process will depend on whether you have decided to file ...

Why Hire a Bankruptcy Lawyer?

If you are considering filing for bankruptcy, it is in your best interest to discuss the matter with an experienced bankruptcy attorney. A skilled bankruptcy lawyer can review your financial situation ...