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Each year, millions of people file bankruptcy as a means of erasing their consumer debts. While this approach may relieve stress, a bankruptcy is damaging, and will hang over your head for the next ten years. Still, it is possible to overcome bankruptcy. The key is making smarter financial and credit decisions. With this said, some people choose to purchase a home after a bankruptcy. Here are a few pointers to consider when buying a home. Reasons to Delay the Buying Process after Bankruptcy If you consult with mortgage or financial experts, they will likely discourage you from buying a home following a bankruptcy. After your bankruptcy is discharged, there is
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Lastest "bankruptcy code" News:

Los Angeles Dodgers File Motion to Disallow Stow Bankruptcy Court Claim
LOS ANGELES, Feb. 3, 2012 /PRNewswire/ -- Los Angeles Dodgers LLC ("LAD", "Dodgers") today reported that it has filed a motion to disallow all claims (the "Stow Claim") asserted ...
Fri, 03 Feb 2012 16:00:00 -0800

Bankruptcy Attorney Firm Macey Bankruptcy Law Says Unfair Collection Practices Could Have Been Prevented
CHICAGO, IL-- - According to the Fair Debt Collection Practices Act and the United States Bankruptcy Code, it is illegal to pursue debts that have previously been dissolved by a bankruptcy court judge. ...
Tue, 10 Jan 2012 15:35:00 -0800

United Retail Group Files for Bankruptcy Protection
Rochelle Park, N.J.-based United Retail Group, owner of the Avenue brand of womenâs fashion apparel and a subsidiary of Redcats USA, voluntarily has initiated Chapter 11 proceedings in the U.S. Bankruptcy Court for the Southern District of New York, and is pursuing a sale process under Section 363 of the Bankruptcy Code.
Thu, 02 Feb 2012 08:26:53 -0800



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According to the American Bankruptcy Institute "household debt is at a record high relative to disposable income." The Administrative Office of the U.S. Courts reported that the number of filings for the year ended March 31, 2003 "exceeded 1.6 million for the first time in any 12 month period," a 15.1 percent increase from the previous year. There are two basic types of personal bankruptcy: Chapter 7 and Chapter 13. Chapter 7 Bankruptcy and Chapter 13 are legal proceedings that are available to a person to cope with a financial crisis. Personal bankruptcy must be filed in a
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