Bankruptcy effects on a joint account holder will depend on the type of account and the bankruptcy laws in your state. If the account is a savings, checking, or other similar type of account, a joint ...
Paying debts out of bankruptcy is generally inadvisable. Some payments that are paid before bankruptcy is filed can cause trouble and trustees have the right to ask the creditor for the money back. Ma...
Whether or not you have to give up your personal possessions when you file for bankruptcy depends on what type of bankruptcy you file. Even if you are required to relinquish your possessions, many of ...
When a person goes through a divorce and receives a property settlement from it, that settlement is not exempt from being liquidated during a bankruptcy. Should an individual file for bankruptcy and t...
Although states can opt out of most federal exemptions, some are mandatory. These exemptions are called non-bankruptcy exemptions, because they are found in areas of the United States Code other than ...
Once a money judgment has been issued, the judgment creditor tries to get the judgment debtor to voluntarily pay the judgment. If a judgment debtor does not cooperate, the judgment creditor determines...
Surrendering property in bankruptcy involves secured loans, which are loans that are guaranteed by a piece of property, such as a house or car. In bankruptcy cases and many others, people typically su...
One significant advantage is the ability to modify the rights of a secured creditor. This means the debtor can actually change the terms of a contract with a creditor through bankruptcy in a provision...
The bankruptcy term conversion refers to the process by which a debtor, creditor, or bankruptcy trustee transfers a pending bankruptcy case from one chapter to another. Conversion may occur for a numb...
Although your situation may seem fairly fluid, the fact of the matter is that if you fail to pay a small business loan, even if your failure to pay was due to your small business failure, there is a p...
Practically speaking, you can stay in your apartment and continue with your lease in bankruptcy so long as you are current in your rent payments as provided by your lease or by the common law of landl...
When you avoid a lien, you obtain a judicial determination that the lien no longer encumbers a piece of property. This means that you would then be able to sell the property despite the lien....
Judgment liens that exist before you file your bankruptcy generally survive the discharge issued by the bankruptcy court, with some exceptions....
If a jury awards damages in excess of your auto insurance policy limits, you are personally liable to the plaintiff for this amount. However, depending on the facts of your case and the settlement neg...
This past winter being one of the worst in years—with record amounts of snowfall throughout the country and repeated freeze/thaw cycles—the damage caused by potholes has reached an all-time high....
Premises liability lawsuits can be brought against the party who is responsible for maintaining the property....
If you think an estimate is unfair, you can certainly ask your auto insurance provider for a second estimate of damages, but you will be obligated to pay the smaller amount....
How is a final settlement reached if you and the insurance adjuster ultimately do not agree on an amount? What are your options? Most insurance policies contain a provision that calls for arbitration ...
If your accident happened in a fault state and another driver was responsible for the accident, that driver's insurance may ultimately reimburse you for medical expenses. Learn how to handle your rent...
When an insurance company pays out benefits to you where the other party is at fault, you must subrogate your rights to the insurance company, giving the insurance company the legal right to sue the p...
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