Bank of America (BofA) Financial Woes – Is bankruptcy in the future?

Bank of America is struggling to control its losses, and may need to file for bankruptcy protection for its Countrywide mortgage unit. Likewise, many individuals are suffering from debt and economic woes – consult a bankruptcy attorney about your options and the benefits of chapter 7 or chapter 13 bankruptcy

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Chapter 7 Bankruptcy: Preserving the “Fresh Start”

Chapter 7 Bankruptcy: Preserving the “Fresh Start” [important]Chapter 7 bankruptcy is well known as a “fresh start” bankruptcy, in that typically all debts are discharged and the Debtor is allowed to start over without the burden of his or her … Read full article

Bankruptcy: Median Income is Falling, Fewer Qualify for Chapter 7

Bankruptcy: Median Income is Falling, Fewer Qualify for Chapter 7 Lower Median Income – Harder to Pass Bankruptcy Means Test As the economy continues to be sluggish and unemployment flourishes the median income of Tennessee and Georgia families has dropped … Read full article

Chapter 7 Bankruptcy : Exceptions to discharge of Debt

Chapter 7 Bankruptcy : Exceptions to discharge of Debt When you file a Chapter 7 bankruptcy does all of your debt get discharged – wiped out?  Typically this is the case, all unsecured debt is discharged and any secured debt … Read full article