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OPTIONS AVAILABLE TO AVOID BANKRUPTCY
It is possible to avoid bankruptcy, but it takes effort, discipline, and most of all, money. Since the only way to avoid bankruptcy is by paying what we owe in full, or by negotiating with each creditor a percentage of the debt. This process is undoubtedly long and tedious, but it is possible. In my […]
NEGATIVE CONSEQUENCES OF A BANKRUPTCY
Bankruptcy has several negative consequences, however, about 800,000 personnel apply for bankruptcy in Florida each year … More than anything, because bankruptcy is a lifesaver, and the benefits of a well-done bankruptcy far outweigh the negative consequences… These are the 5 most important negative consequences of a bankruptcy: FIRST- Bankruptcy will appear on your credit […]
FAMOUS PEOPLE AND COMPANIES THAT HAVE DECLARED BANKRUPTCY.
Successful after bankruptcy. Not only celebrities declare bankruptcy, most likely you know several people who have used this legal protection, but they have not commented on it.
BRIEF HISTORY OF THE BANKRUPTCY LAW
In England, Henry VIII passed the first bankruptcy laws in 1542. In the United States the first bankruptcy laws were passed in 1800, but they were mostly temporary responses to troubled economic situations. After the great depression of 1929, the 1933 and 1934 Acts were passed, with the intention of giving the debtor a new […]
WHY DOES THE GOVERNMENT OFFER BANKRUPTCY PROTECTION?
In 1934 the Supreme Court of the United States revealed that the main goal of bankruptcy law was to provide debtors with a “fresh start”, saying that “bankruptcy gives the honest but unfortunate debtor … a new opportunity in life, and a free path for future endeavors, unfettered by the pressure and discouragement of pre-existing […]
WHAT IS THE BANKRUPTCY LAW?
Bankruptcy is a legal recourse, which allows a person or company, to erase or negotiate, all or some of their debts. The process is relatively straightforward, but the bankruptcy laws themselves are complex. For that reason, the vast majority of people who apply to this law, use a lawyer to prepare and present their case. […]
LATINOS AND BANKRUPTCY STIGMA
Latinos, in general, we are hardworking people, believers, and proud of our culture, our family and our effort. This added to the fact that in most of the Caribbean countries, as well as in Central and South America, banking and financial laws work very differently from how the laws work here in the US. And […]
WHAT YOU SHOULD KNOW BEFORE HIRING A REPAIR COMPANY CREDIT.
The most common consequence of a financial problem is having bad credit. AND when we suffer the inconvenience of having bad credit, little money and badinformation, we are perfect candidates for credit repair companies. Perhaps half of the people who call me for a consultation, have been through these companies, and to this day, they […]
CAN I RECOVER MY HOUSE AFTER IT HAS BEEN SOLD AT AUCTION OF FORECLOSURE?
Before every problem, I believe that there is always, or almost always, a solution and options. Few people know, for example, that even after their house has been sold in a foreclosure auction, you can repossess the property. That’s right, you can get your home back even after it has been sold at auction because […]