According to statistics on the www.uscourts.gov website, bankruptcy filings have increased substantially since 2009. Yet, when I look for bankruptcy attorney jobs online, they are virtually non-existent. Why is this?
How does one go about finding a decent Bankruptcy Attorney? And by decent, I mean one that doesn't charge a ton and will actually get the job done?
If you must choose which debts to pay first wouldn't it be the rent, utilities and food? Credit card debt would come last or not at all. I have been told by a bankruptcy attorney that I can file against credit cards because I meet the means test for my state.
I'm meeting with a bankruptcy attorney tomorrow morning. This is only because in 6 months, I have been unable to find a job and my unemployment is going to run out. I want to start a criminal justice program and I originally had planned to wait till I had a job to make monthly payments, but would it hurt to add the $900 to my already $4000 credit card today? I have about $29,000 in debt before adding the criminal justice program. This is a mix of credit cards, medical bills and student loans. Does anyone know? Thanks!!
And which kind of an attorney finds jobs the quickest out of law school?
I lost my job a few months ago and my husband and I have been not been able to pay the mortgage. I was going to try to modify the loan before filing but it will be void if I file bankruptcy. My attorney says I can try to modify the loan after bankruptcy has been filed. Is this true?
Last year I got a really good job and I started paying off my defaulted credit cards. Most of the companies let me settle for 50-70?f the total. The other day I saw a commercial for a bankruptcy attorney, which said that I have to pay income tax on the forgiven debts. Not a huge problem, because it was only like $1500, but am I supposed to get a statement or something from the collection agencies, or do I just write it in the "Other Income" box? Thanks!
I've tried getting second jobs,going to credit counseling services.I've had 2 car accidents in the last year and also I was sick or hurt a lot in 2006 as well,so those things impacted my wages a lot.Now I've even contacted a bankruptcy attorney as well.What are some other ways I can try to get around my debt problem if they are any,what would they be too.
If I can't afford a bankruptcy attorney what should I do- file myself or get a public defender?
I can pay my mortgage, utilities, food cost and car expenses, but I can not make all my credit card debts. I spoke with a bankruptcy attorney and I meet the means test to file a chapter 7. Should I file or just let the credit card bills go into a deliquent state? I can not pay them now and I have spoken with the cc companies and they will not work with me to lower the payments. I owe 35,000 dollars on cc bills too.
I have heard that the attorneys with the worst hours are any sort of litigator, and corporate, M&A attorneys.
I have heard that Real Estate attorneys can more or less work 8/9 - 5.
Any insight? Thanks.
How hard is it to declare bankruptcy today, and will it, like, ruin you financially for life? Will your credit ever recover?Does it still clear after 7 years, or are you just screwed?
Consider the following two scenarios.
1. Successful individual with six figure income and significant assets hires tax attorney/account to ensure every deduction and technique to reduce tax liability is explored and taken advantage.
2. Same situation as above but individual encounters serious financial downturn due to job loss or failed investments. Decides to exercise bankruptcy protection and hires attorney to ensure he is able to protect as many of his assets as possible and reduce financial liabilities as allowed by the legal process.
Both have acted legally. Is there an ethical difference between them? Is there an ethical duty to pay taxes as required by a democratically elected government? Is there an ethical duty to pay private debt? Is there a difference between the two?
Good answer; I ask because I recently heard an argument that people who use bankruptcy law to their advantage to resolve a financial problem are unethical or immoral.
In 2005, it became the law in the United States that before a person could file for bankruptcy protection, they needed to complete consumer credit counseling.
I am very interested in reading a case study about how they (the consumer credit counseling industry) pulled this off. I have a cursory understanding of the issue - the arguments, the changes to non-profit status, etc... so I don't want just some high level, overview. I am much more interested in the steps and arguments they used to accomplish this.
I'm thinking of filing bankruptcy on a bad debt of mine. It seems that this is the only option left. I was just wondering what happens when a person files. What does the court do to you? What kind of repercussions happen as a result of filing.
Will my employer find out if I file for bankruptcy? Will I ever be able to teach if I file? I know they do extensive background checks for teachers, but will a bankruptcy be a red flag for that profession?
If i have a credit account that is only 2 or 3 months old, can I file bankruptcy on it? Is their a time line for accounts? My other credit accounts are 1-3 years old. This specific one is fairly new.
also if im going to file bankruptcy within the next two months am I still allowed to use any of the credit
I owe over 30,000.00 and an unemployed, I have had an accountant tell me I should file Bankruptcy, but I have seen others just stop making payments, what is better and why?
My wife and I made really good money the first part of the year, but then our income plummetted because I had to take less of a job. We are hoping we qualify for Chapter 7 because we want to surrender the house.
I don't know a lot about bankruptcy, what is necessary to file bankruptcy? What does it do to your credit score? I have heard it is bad but I can't see how if your debt is erased. I would like as much info as possible on this topic, and are there different types of bankruptcy?
Why is bankruptcy bad? Why is it good? Does it actually pay off your debt or just put it on hold?
Thorough answers ONLY please =)