Archive for the ‘Bankruptcy and Debt’ Category

When individuals do not pay their bills, the creditor who holds their debt can get a court order to have their wages or property “garnished.” The creditor, with assistance from the court, can compel the debtor’s employer to withhold a portion of the employee debtor’s paycheck to be paid directly to the creditor.

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This article will help you understand the basics of bankruptcy laws in the United States, including Chapter 7, Chapter 11 and Chapter 13. Bankruptcy laws allow a debtor to work with their creditor while undergoing a supervised division of the debtor’s assets by the court. This allows both parties to be treated equally. There are [...]

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This article will help you understand the foreclosure process and the steps you can take to help avoid it from happening to you. Foreclosure is a legal process that your mortgage lender initiates in order to repossess or take back ownership and control of your home. This will occur if you are having trouble keeping current with your mortgage payments. Chances are that you will receive letters and/or threatening calls from your lender before this occurs. Once your lender forecloses on your home, you must “vacate” or leave the premises. The lender will then attempt to sell the house and, if it is worth less than what your remaining mortgage balance is, you could still end up owing the balance if they seek a “deficiency judgment”. Once this happens, your credit rating will be seriously reduced and you will have trouble obtaining credit in the future.

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This article will answer common questions about K-1 visas, also known as the “marriage visa”, “fiancé(e) visa” and “green card visa.” You will learn how to obtain a K-1 visa, become familiar with the form I-130 petition, forms I-765, I-290B and I-751, the documentation and other requirements that you’ll have to address and other matters concerning the K-1 visa.

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In April 2005, Congress made sweeping changes in U.S. bankruptcy law that will go into effect on October 17, 2005. It’s called the “Bankruptcy Abuse Prevention and Consumer Protection Act of 2005,” and it means big trouble for Americans struggling with debt problems.

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