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Contemplating A US Insurance Super-Regulator Linex Legal (registration) Does it rewrite Section 109 of the Bankruptcy Code to allow insurers to be the subject of Chapter 7 or Chapter 11 proceedings in federal bankruptcy court, ...
Published in Bankruptcy News
Credit CARD Act of 2009 Favors Credit Counseling Agencies Approved ... Linex Legal (subscription) The Act provides that only those counseling agencies that are approved by a United States bankruptcy trustee pursuant to Section 111(a) of Title 11 of the ... and more »
Published in Bankruptcy News
Bankruptcy Auctions: The New Buyout Market? Mondaq News Alerts (registration), UK ... operating companies' financial statements stressed under the weight of excess leverage and weakened consumer demand. The auction process in this new world order may be in the form of sales pursuant to Section 363 of the Federal Bankruptcy Code. ...
Published in Bankruptcy News
Wednesday, 08 April 2009 03:48


Question: Hi. I'm just going through the forms, and am a little worried about Section 3 - 3.2 & Section 9 - 9.1 about property I have had in the past. I split up from a previous partner 4 years ag ...

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If you have a serious debt problem, bankruptcy can free you from your debts within 12 months. As a solution for dealing with serious debt, bankruptcy is a last resort. Other debt solutions need to be explored first, to help determine if bankruptcy is the right debt solution for you.


Your financial affairs are put into the hands of an Official Receiver or Trustee, who will control all your assets - and if you own a property, this will also be included. These will be sold and the money used to pay as much as possible to your creditors.


There are consequences to bankruptcy which will affect your finances and work life. You may struggle to borrow money, for example, and will not be able to apply for certain jobs.


For some, bankruptcy is the right option and will put an end to pressure from creditors. Our team of experts are on hand to advise on the best solution to your debt problems - call now on 0800 002 9951.


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