When you are in serious debt, doing almost anything to make the overwhelming debt go away seems worth a shot. Unfortunately, people who are in a volatile situation like this are often the targets of scammers who claim they will make all of your debt disappear if you pay them a one time fee, give […]

The Fair Debt Collection Practices Act exists to hold debt collectors accountable for any abusive or harassing behavior that they may take part in as they attempt to collect payments. It is important that as a debtor, you do not just sit down and accept the harassing calls to your personal phone or at your […]

In order to file for Chapter 7 bankruptcy, you will have to pay a filing fee. Of course, this seems somewhat backwards because you are filing for bankruptcy because you can’t pay your bills, so paying another fee may simply not be an option. There are a lot of different judicial determination of filing fee […]

One of the most common myths of filing for Bankruptcy is that the Court comes to your home and takes your possessions.  Not only is that a myth, but there are “Exempt Assets” that each family is allowed to keep when filing a Bankruptcy case. If you file under the Federal Exemptions, each spouse may […]

Even municipalities can acquire overwhelming debt. Look at Detroit ($18 Billion in debt) San Bernadino, CA ($1 Billion in debt) and Boise, Idaho.  In that case, these municipalities filed a Chapter 9 Bankruptcy case. In order to file a Bankruptcy case, a municipality has to meet certain eligibility requirements. First, the municipality must have the […]