Law Library Articles

Top 10 Bankruptcy Articles in the LegalMatch Law Library

People tend to equate bankruptcy with failure because it implies that you are financially ruined for the rest of your life. If you are going through the process of bankruptcy, you are in surprisingly good company. Several famous and wealthy people have also filed for bankruptcy, such as Francis Ford Coppola and Thomas Jefferson.

Even though notable people have been filing for bankruptcy in this country for centuries, it does not make bankruptcy any less scary. Filing for bankruptcy can potentially be the best thing to happen to you or potentially the worst, so it is a big decision to make. The information in this Top 10 list of bankruptcy articles can help you make that decision.

1. Filing for Emergency Bankruptcy

Filing for emergency bankruptcy can provide immediate protection from creditors. This article explains the process and requirements for an emergency filing. It is a powerful tool for those facing urgent financial distress.

2. How Much Does a Bankruptcy Lawyer Cost?

The cost of a bankruptcy lawyer can vary depending on the difficulty of your case. This article breaks down the typical fees and factors that influence the overall expense. Understanding the costs involved can help you budget for legal assistance.

3. Legal Effects When Only One Spouse Files for Bankruptcy

When only one spouse files for bankruptcy, it can have significant legal and financial implications for the couple. This article explores how the non-filing spouse’s assets and debts may be affected. It is important to understand these consequences before proceeding.

4. Bankruptcy and Gambling

Gambling debts can complicate a bankruptcy filing. This article discusses how gambling-related debts are treated in bankruptcy and the potential for challenges from creditors. Honesty about gambling habits is key during the bankruptcy process.

5. Appealing a Bankruptcy Court Decision

If you disagree with a bankruptcy court’s decision, you may have the right to appeal. This article outlines the grounds for an appeal and the process involved. A successful appeal can change the outcome of your case.

6. Filing for Bankruptcy a Second Time

Filing for bankruptcy more than once is possible but subject to certain time limits. This article explains the rules for repeat filings and how they differ from the first time. It is important to understand these restrictions if you are considering a second bankruptcy.

7. Business Bankruptcy

Business bankruptcy offers a lifeline for struggling companies. This article covers the different types of business bankruptcy and their respective benefits. It can help business owners make an informed decision about their company’s future.

8. Consumer Bankruptcy

Consumer bankruptcy is designed to help individuals get a fresh financial start. This article provides an overview of the most common types of consumer bankruptcy. It explains how the process can relieve the burden of overwhelming debt.

9. What Is Personal Bankruptcy?

Personal bankruptcy is a legal process for individuals who are unable to repay their debts. This article defines personal bankruptcy and its goals. It can provide a path to financial recovery for those in difficult situations.

10. Bankruptcy Checklist: What to Bring When Meeting Your Lawyer

Being prepared for your first meeting with a bankruptcy lawyer can save time and money. This article provides a checklist of documents and information to bring with you. Proper preparation will help your lawyer assess your case more effectively.