Completing Necessary Expense Tests While Creating a Budget

Posted on February 4th, 2014

After a debtor files bankruptcy with the help of a Guam bankruptcy lawyer, his or her financial obligations will be scrutinized and categorized into unnecessary and necessary expenses. The necessary costs category includes things like living and food expenditures, and must be calculated carefully in order to create a comprehensive and accurate post-bankruptcy budget. A Guam Bankruptcy Law Firm Can Assist With Calculating Living Costs The Internal Revenue Service, or IRS, is in charge of determining standard living expenses for… Read More>>

BANK Blog – Repairing Credit

Posted on January 21st, 2014

Guam bankruptcy lawyer, Guam bankruptcy attorney Guam Bankruptcy Lawyer Explains How to Improve Your Credit after Bankruptcy A major concern for many people filing a bankruptcy case is that it will damage their credit. It may be difficult to get loans and credit cards at competitive interest rates immediately after bankruptcy, but there are steps you can take to rebuild your credit rating. Being diligent about your finances and maintaining a feasible budget will help you to recover more quickly.… Read More>>

Bankruptcy Lawyer in Guam Gives Tips for Filing Chapter 7 Bankruptcy

Posted on January 14th, 2014

When people consider filing for Chapter 7 bankruptcy, they are often stressed and trying to figure out the best way to get rid of an overwhelming amount of debt. It is easier to deal with the bankruptcy process when you understand the procedures and know what is required of you. A knowledgeable bankruptcy lawyer in Guam can guide you every step of the way and answer any questions you have about the legal proceedings.How to Prepare a Chapter 7 Bankruptcy… Read More>>

Basic Information About Bankruptcy

Posted on December 3rd, 2013

Most people are familiar with the term "bankruptcy," but many people who are considering filing bankruptcy may be surprised to learn that there are many types of bankruptcy. A Guam bankruptcy attorney can be a great resource for uninformed parties searching for information and guidance and can efficiently spearhead clients' bankruptcy cases.A Guam Bankruptcy Attorney Can Steer Clients in the Right DirectionThere are several kinds of bankruptcy cases. Chapter 7 Bankruptcy, also known as liquidation or straight bankruptcy, is the… Read More>>

Understand Bankruptcy Laws With Help From Your Guam Bankruptcy Lawyer

Posted on December 3rd, 2013

If you are consulting with a Guam bankruptcy lawyer about your financial options, it might help to understand the evolution of bankruptcy laws. By learning about the origins of bankruptcy, you could see where the current regulations might (and might not) apply to your situation. An experienced Guam bankruptcy attorney will present you with all the options to help you make an informed decision about the best way forward.The Beginning of Bankruptcy LawsAs your Guam bankruptcy lawyer will explain, the… Read More>>

Means Test Calculation

Posted on November 5th, 2013

If you are in debt, a bankruptcy lawyer in Guam will advise whether you will need to proceed with the Means Test calculation regarding your bankruptcy filing.Example of Means Test CalculationWhile your bankruptcy attorney in Guam understands that every case is different. However, an example will help to show how the Means Test is calculated:An individual is employed by AAA Contracting, LLC as a contractor in Arizona. His family consists of himself and his wife. She is a homemaker with… Read More>>

How to Gain a Continuance in a Bankruptcy Meeting of Creditors

Posted on October 23rd, 2013

Clients of a Guam bankruptcy lawyer often ask what the procedure and rules are for gaining a continuance in their meeting of creditors. The majority of courts have a requirements that the continuance will only be done if there is good cause to do so.A Guam Bankruptcy Lawyer Will Assist with Requesting a ContinuanceWhen a client wishes to have a continuance, the Guam bankruptcy attorney must go straight to the U.S. Trustee and have valid cause for it to be… Read More>>

A Guam Bankruptcy Lawyer Can Help You Understand Debt Relief Agencies

Posted on September 17th, 2013

Frequently people go to a Debt Relief Agency to assist them in filing for bankruptcy in exchange for payment. A Guam bankruptcy attorney can explain what a debt relief agency does and discuss its positives and negatives with you.As an "Assisted Person," a Guam Bankruptcy Attorney Can Explain Your Role in the ProcessIf you contact a debt relief agency, you will be known as the "assisted person." This means that you have debts and nonexempt assets equaling more than what… Read More>>

The Debtor’s Estate

Posted on September 17th, 2013

Filing bankruptcy should not be looked at as the end of your financial security. Instead, it's a solid opportunity to regroup and reassess your priorities. By working closely with a Guam bankruptcy lawyer you'll be able to review all your asset options. A lot depends on the which type of bankruptcy filing you plan to enter. This can be a complicated issue but one that is made easy to understand with the help of a Guam bankruptcy attorney.Understanding the Debtor's… Read More>>

A Bankruptcy Lawyer in Guam Lists Assets Not Included in a Debtor’s Estate

Posted on September 4th, 2013

When you declare bankruptcy, not all of your assets are considered part of your estate. An experienced bankruptcy lawyer in Guam can provide you with information that outlines what is included and what is not.Assets Not IncludedYour bankruptcy attorney in Guam can provide you with the following list:1. If you have any power that you use for someone else’s good, this is not included.2. If you have interest in a nonresidential real property lease as the lessee and the lease… Read More>>

Page 3 of 41234