Due to the decline in incomes of families living in 25 states and the District Of Columbia, the income limit used for the “first cut” Bankruptcy Means Test is being reduced for filers living in those states, effective, November 1, 2009.  For example, in Florida, the new limits are reduced by $1,242 for [...]

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Filing for bankruptcy is a very serious undertaking.  The laws are complex and the penalties for knowingly misrepresenting required information are very severe and unforgiving.  Fines of up to $250,000 and prison sentences of up to 5 years are possible.
Your bankruptcy attorney will advise you of your responsibility and guide you in providing answers to [...]

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If I file bankruptcy, can I eliminate all of my credit card debt?  That question is on the mind of hundreds of thousands of Americans swamped by heavy credit card debt.  Most of these people never intended to end up this way.
Often some unplanned event came along like a job loss or a medical emergency. [...]

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126,434 bankruptcy cases were filed in July, 2009.  That’s the highest number in 5 years.  For the year so far, new filings are running about 37% ahead of last year.  More  on this story
At The Beach Paralegal Services provides bankruptcy attorneys cost effective petition preparation and court filing assistance.  Visit us on the web to [...]

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Cross-collateralization is a term used when the collateral for one loan is also used as collateral for another loan.  This issue can be important to a debtor filing for protection under U.S. bankruptcy law.
Cross-collateralization is often used by credit unions to secure debt that is usually presumed to be unsecured debt.  If a [...]

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