A lien is, in short, a claim by a creditor on the property or assets of a debtor. They are designed to assure the creditor receives compensation (payment or other satisfaction) of a debt. In the event that the individual owing the creditor money cannot pay or refuses to pay the money they owe, the lien may allow his or her property to be foreclosed on and sold, providing the creditor with the compensation they are owed.
INITIAL CONSULTATION During the initial consultation your specific situation will be reviewed and discussed, the process of bankruptcy will be explained, options available in Bankruptcy will be analyzed by our experienced attorneys, fees and costs will be discussed and questions will be answered. INTAKE/QUESTIONNAIRE Potential clients who have internet access will be emailed instructions to fill out an online questionnaire.
As I am sure you already know, bankruptcy shouldn't be used as a way to achieve debt relief; it should only be used as a last and truly last resort. However, you might be looking at a bank account with not much money in it, at an answering machine full of calls from debt collectors, a stack of bills taller than you could imagine, and you might be facing a load of stress.
The marketplace has a significant capacity to reward an entrepreneur who has a genuinely innovative and useful product or service to offer. Certainly, the prospect of monetary success acts as a strong lure for the creative and industrious people who endeavor to open their own businesses. The reality, however, is that few companies are able to achieve extreme financial successes and many do not even remain functional as going concerns beyond the first several years.
If you have recently filed bankruptcy or are considering filing, you may feel as though your credit will be ruined forever. While bankruptcy does affect your credit, it may not be as horrible as you envision. While it is true that bankruptcy will stay on your record for 10 years, as time passes and you pay your bills on time, its negative effects will decrease over time as you build a positive credit history.
Have you recently gotten out of bankruptcy and buying a home is one of your worries? Keep your fears at bay and do not lose hope. You can still get financing for a home even if you have filed bankruptcy, have had bad credit, or have gone through a foreclosure. But of course, because you have had bad credit, you will need to spend more money than a borrower who has good credit.
In another sign that the average American is becoming increasingly desperate as the current recession deepens, bankruptcy filings are up 100% since the year 2007, according to data recorded by the US Courts. With more economic difficulties and fewer jobs to go around, people just have decreased (or no) income to pay their debts, whether they are credit cards or home loans.
If you have filed bankruptcy or are considering doing so, you may be concerned with the possible effects on your life. You may wonder how you will ever get a loan or credit card, but most importantly, a place to live. Renting an apartment after bankruptcy is possible; you just need to be prepared. Documentation When you go to rent an apartment or home after filing bankruptcy, it is imperative that you bring documentation to prove your income and ability to pay rent.
If you are one of the thousands of people looking every day to file Bankruptcy, then you certainly understand how confusing the jargon can be. There are so many types of Bankruptcy to choose from, as well as many different exemptions, requirements, and laws. If the concept of Bankruptcy has you overwhelmed and you are in need of help, a qualified attorney is certainly your best bet.
One of the most common questions and concerns when it comes to filing for chapter 7 bankruptcy is that most people are worried that they are going to be labeled as deadbeats, immoral bad persons. Look, nothing could be further from the truth. The fact of the matter is that 1 in every 70 Americans or so, files for bankruptcy. What that means is that even your closest friends may have filed without you even knowing it.