Be informed. Be prepared.
If you lend money to a friend or family member and they file for bankruptcy, the debt can be wiped out. Even though you are treated as a creditor in bankruptcy law, your rights are not superior to traditional creditors. To protect yourself, secure the loan with collateral and have a written agreement.
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Prof. Hernandez: Your expert guide to bankruptcy attorney fees and costs. Learn the truth about retainer agreements and avoid fee discrepancies. Read more.
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The 99 Cents Only company filed for Chapter 11 bankruptcy and plans to close all locations.
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A bankruptcy law expert explains how joint debt works in a divorce and bankruptcy case. Learn why federal law trumps hold harmless clauses.
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Divorce and bankruptcy intersect complexly, impacting financial responsibilities and legal agreements after separation.
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The video explains car implications in Chapter 7 and Chapter 13 bankruptcy, including exemptions.
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This content discusses options for managing car-related concerns when filing for bankruptcy.
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Underwater mortgages are increasing slightly, posing challenges for homeowners, particularly in specific states.
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The Art Institute’s student loans will be canceled for 317,000 borrowers due to fraud.
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Hiring a bankruptcy attorney requires detailed questions about financial changes, expenses, and asset transfers.
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