Do you need to eliminate crushing debt, stop lawsuits, or stop a foreclosure? Our Congress provided bankruptcy as a financial tool for those purposes. Wouldn't
it be wise to see if it could work for you?
If you ignore papers notifying you that a lawsuit has been filed against
you, things could go very wrong. If that happens, filing bankruptcy might
fix it for you.
That's a common question that people ask me when they contact me to discuss bankruptcy. The short answer is "No". We'll look at why that is so in this article. (more…)
We'll take a look at what might happen if you do nothing if a creditor sues you, if you "answer" the lawsuit in a timely fashion, and if you file bankruptcy.
Many people wait until they're sued by a creditor to file bankruptcy. After all, filing bankruptcy
stops all creditor actions against you, including lawsuits. But if your financial
life is "going South", should you wait that long to file bankruptcy?
In California, since you get exemptions to protect some of your money and property from creditors if they sue you, do you need to file bankruptcy to protect your money and property?
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