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Thanks to the new bankruptcy reform laws, many Americans who are overburdened by their credit card debt will no longer qualify for Chapter 7 bankruptcy protection. However, consumers need to know that an alternative exists for people to walk away from 100% of that debt, without bankruptcy, consolidation, or refinancing. The program is applicable to all major credit cards, unsecured lines-of-credit, and signature loans. The process that is used to discharge debt is based off of U.S. Supreme Courts decisions, Title 15 United State Code (USC) section 1692, the Fair Debt Collections Practices Act, section 1601, the Fair Credit Billing Act, the Uniform Commercial Code (UCC), section 203, and numerous Banking
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Lastest "bankruptcy courts" News:

Can bankruptcy tap surprise inheritance?
Having filed for Chapter 13, a woman discovers a surprise inheritance and worries whether she has to turn over the funds to her trustee
Fri, 03 Feb 2012 05:00:00 -0800

Bankruptcy tourism - it's not a holiday
THE RECENT INSOLVENCY STATS revealed a fall in the number of personal insolvencies in Q4 2011 compared to Q4 2010. The number of bankruptcies for the fourth quarter stood at 28,973, a decrease of 5.6% on the same period a year ago.
Mon, 06 Feb 2012 02:31:31 -0800

Law grads go to court for bankruptcy protection
(Reuters) - When Diana Valle decided to intern at a bankruptcy firm during law school, she had no idea how useful the experience would prove - in her own case. Shortly before graduating from the University of Maryland School of Law, the 26-year-old Valle, burdened with 0,000 in student debt and with no immediate job prospects, filed for Chapter 7 personal bankruptcy protection. "I was really ...
Fri, 03 Feb 2012 07:25:45 -0800

Green Aid Recipient Ener1 Files Bankruptcy
Full content sent to and hosted by Yahoo!General NewsHealth & MedicineIndustry SnapshotNew Issue AmericaReal EstateTop 10Feature StoryInvestor's Corner
Thu, 26 Jan 2012 15:46:00 -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



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Filing bankruptcy is a common practice among the U.S. Over 2 million people file for bankruptcy every year. So many families today are swimming in debt, which is not surprising with the amount of credit that is being offered. If you pay your bills, you're given the opportunity to run up more bills. For young people, this is often too much responsibility to handle. Many people choose bankruptcy in order to gain a fresh start. However, bankruptcy leaves you with a bad record. This makes it harder to buy a house, a car, or any other big-ticket item soon after
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