Archive for January 1, 2016

Medical Expenses Account For Half Of All Bankruptcies What You Should Know

Written by admin on . Posted in Judge dennis cavanaugh, Judge edward cahn, Robert bonner

Judge george pratt

Have you or someone you care about been forced to file for a personal bankruptcy? Many Americans end up involved in a bankruptcy case for a variety of reasons, ranging from a lost job to extreme medical expenses, and it can be difficult getting back on the right track without legal help. If you need to know more about an arbitration service or the benefits of litigating, read below to learn about the nature of bankruptcy in America and how you can go about filing the smart way.

Reasons For Filing

It’s estimated that medical expenses account for over 60% of all personal bankruptcies in Americ

So, You’re Thinking of Filing for Personal Bankruptcy

Written by admin on . Posted in Arbitration, Fiduciary responsibility, Thomas e. scott

Commercial cases

If you’re considering filing for personal bankruptcy, you are not alone. Last year, there was an average of 3,422 bankruptcies filed every single day, most of these due to unexpected and extremely high medical bills. Although beginning a bankruptcy case may result in the discharge of most of your outstanding debt, filing for bankruptcy is a decision that should not be made lightly. There are several bankruptcy issues you should be aware of before you begin the process. The main thing to know at the start is that there are two major ways to file for personal bankruptcy, each with advantages and disadvantages as follows:
Option 1: File Under Chapter 13.
By filing under Chapter 13 of the U.S. bankruptcy code, you are essentially using the courts to negotiate a reorganization of your ass