Surviving Tough Economic Times - How Not to File Bankruptcy 101
November 13, 2008 by admin
By December 31st, 2007, over one million people had filed for bankruptcy. Let’s face it, the current economic downturn has hit many Americans very hard. While this particular section is devoted to bankruptcy topics, MyLegalReview understands filing bankruptcy is not for everyone. So, we have compiled a list of things you can do to ease your financial burdens and stay out of bankruptcy court. If, after reading this post, you feel that bankruptcy is right for you, MyLegalEdge.com offers you a completion service for either Chapter 7 or Chapter 13 bankruptcy packages.
But before you entertain those thoughts of bankruptcy, let’s talk about what you can do now: [Read more]
Bankruptcy: The Automatic Stay
November 6, 2008 by admin
Once you file a Chapter 7 or a Chapter 13 bankruptcy petition, you are entitled to have the benefit of the automatic stay. We will discuss the automatic stay in detail within this posting. Also, if you are in need of bankruptcy forms for your state, visit MyLegalEdge.com. If you don’t see the bankruptcy forms that you need, just e-mail us at staff@mylegaledge.com or leave your comments here at MyLegalReview.com.
Obama Plans Bankruptcy Reform Policy
November 5, 2008 by admin
As the new President-Elect, Barack Obama is not wasting any time in putting together his action plan for new policies. In the area of bankruptcy, Obama plans to make considerable changes to the Bankruptcy Code.
President-Elect Obama plans to reform the Bankruptcy Code so that homeowners will be able to modify mortgages in Chapter 13 proceedings and offer additional assistance to disaster victims, members of the military, and other groups.
You can read more about the changes President-Elect Obama will implement on his website.
The Basics of Chapter 7 Bankruptcy
October 30, 2008 by admin
In the last post, we discussed the logistics of filing a Chapter 13 bankruptcy. Now, we will discuss the Chapter 7 bankruptcy. If you are in need of bankruptcy forms, MyLegalEdge.com can help. If you don’t see the form that you need, just e-mail our staff at staff@mylegaledge.com. You may also leave your comments here at MyLegalReview.com. Now, let’s begin our discussion-
How Long Will it Take to File a Chapter 7?
Is Chapter 13 Your Best Option?
October 24, 2008 by admin
CNN Money reports that in September over 80,000 homes were repossessed by lenders and that foreclosures are up by 71%. The current national financial crisis is taking its toll on homeowners. In order to save your home, you may want to consider filing a Chapter 13 petition. MyLegalEdge.com offers bankruptcy packages for every state. Also, you may e-mail us at staff @mylegaledge.com. Plus, you can leave your comments here at MyLegalReview.com.
Is Chapter 13 the Best Option for You?
The Fundamentals of Filing for Bankruptcy
October 18, 2008 by admin
Introduction
Just turn on your television and most news stations will definitely discuss the current financial turmoil within the United States. The Administrative Office of the Courts reports that 1,085,471 people filed bankruptcy overall in 2007. Those numbers are only expected to increase in 2009.
If you are in need of state specific bankruptcy forms, these can be obtained from mylegaledge.com. If you have additional comments, you can e-mail us at staff@mylegaledge.com. Also, feel free to leave us comments or inquiries here at MyLegalReview.com.
We know that bankruptcy is not an easy decision to make, but it is our hope that the information and resources we provide will make the process a little smoother for you.
What is Bankruptcy?
