Legal Articles, Bankruptcy & Debt
What happens to your retirement account in a Rhode Island bankruptcy?
Current bankruptcy laws allow most people in Rhode Island to keep their pension and retirement accounts in both Chapter 7 and Chapter 13 bankruptcy cases. Some accounts are fully protected while some are only protected up to a certain amount and others don’t receive any protection at all. If you are considering filing for bankruptcy in Rhode Island and have a retirement account you should first determine the exact type of account you have, the amount of money in the account and what laws will allow you to keep it if you do file for bankruptcy.
Debts you can wipe out in a Rhode Island bankruptcy
If you qualify for a Chapter 7 bankruptcy in Rhode Island you will be able to wipe out or “discharge” your credit card debt, medical bills, car loans, personal loans, other unsecured debts and sometimes even taxes owed to the government. But not all debts will be discharged in a Rhode Island Chapter 7 bankruptcy case. That means that when your bankruptcy case closes you will still have a legal obligation to pay them back.
How to remove a lien on your Rhode Island home through bankruptcy
If you have been sued for credit card debt or any other type of debt and a judgment was won against you there is a chance you have a lien on your home. This means that when you go to sell your home you will have to satisfy the debt at the time of the sale. You may still be able to remove the lien from your home through bankruptcy.
Important questions to ask before filing for bankruptcy in Rhode Island
If you are thinking about filing for bankruptcy in Rhode Island you should first get the answers to these important questions.
Automatic Relief Through Chapter 7 Bankruptcy
Our Phoenix bankruptcy attorneys are the core of our full service Phoenix bankruptcy law firm. Plus, we are high quality bankruptcy lawyers in Phoenix, Arizona emphasizing protection, financial solutions, and assistance with debt relief.
Bankruptcy Looming for Hertz Rental Car
Hertz Rental Cars are facing filing bankruptcy. They are likely to file Chapter 11 bankruptcy which would allow them to continue to operate while reorganizing their debt. They could also file Chapter 7 bankruptcy in which case the company's assets would be liquidated and that could quite possibly put an end to Hertz and their #1 Car Rental slogan. It shall be interesting to see how this unfolds.
Rebuilding Your Credit Score After Filing Bankruptcy
The attorneys at My AZ Lawyers and Alison C. Briggs explore the options that a person has to rebuild their credit after filing for bankruptcy. It's really easy to rebuild your credit score after bankruptcy in a great deal less time than 7 or maybe 10 years. You simply have to establish goals and be on track. Learn how to do that here.
The Automatic Stay when Filing Bankruptcy
Find out whatever you need to know regarding the Automatic Stay and filing bankruptcy. A very powerful tool, the Automatic Stay stops creditors from collecting on debts once bankruptcy is filed.
What Can You Do After Filing Bankruptcy in Arizona
There is Life After filing bankruptcy. You can easily mess up your "Fresh Start" after filing for bankruptcy protection by going back into the same habits that landed you needing to file bankruptcy in the first place. Be mindful of things this time to avoid another financial setback. Consider talking to an experienced bankruptcy attorney in Phoenix to find out the best ways to navigate your "Fresh Start"
