Bankruptcy Site Offers Help to Bankruptcy Debt Ridden Individuals and Firms

Online, September 22, 2010 (Newswire.com) - Bankruptcy attorneys and debtors now have a new resource for all their bankruptcy needs. Bankruptcy Balance, a site dedicated to bankruptcy education and advice, was launched earlier this year as an information portal for borrowers seeking bankruptcy advice. Since then, new data and resources have been added to cater just to struggling debtors, but also to bankruptcy attorneys, agents, and other professionals in the field.

BankruptcyBalance.com features articles, how-to guides, news, questions and answers, and updates on everything about bankruptcy. Its main focus is on personal bankruptcy, but commercial bankruptcy issues are also addressed. Among the main topics are the different bankruptcy chapters, pros and cons of bankruptcy, the bankruptcy filing process, and how to find and select bankruptcy attorneys.

The website also offers accessible explanations of the Title 11 or the Bankruptcy Code, a resource previously limited to bankruptcy attorneys. Most people have trouble reading through the legal jargon and understanding what the laws mean for them. Bankruptcy Balance explains each rule in detail and in a way that consumers can understand. The articles also show how the process works and how each step affects a debtor's situation.

Also among the site's offerings are resources on bankruptcy alternatives. For bankruptcy attorneys, part of good business practice is telling clients that bankruptcy is a last resort and assessing them for other solutions beforehand. Bankruptcy Balance offers a wealth of data on debt settlement and debt consolidation, two of the most common ways to avoid bankruptcy and settle excessive debts.

Bankruptcy Balance also provides information for distressed homeowners, particularly those at risk of losing their homes to foreclosure. Many bankruptcy attorneys work with clients to help them avoid foreclosure with a bankruptcy filing, but as mentioned above, it should only be taken when there are no other options. The site offers links and articles on loan modification, short sales, and other mortgage workouts available to homeowners.

The site's bankruptcy news section also allows bankruptcy attorneys and debtors to stay up to date on changes in bankruptcy law. Especially in this economy, bankruptcy laws can change almost on a daily basis, and it's important for both bankruptcy attorneys and consumers to know how it affects them. Weekly news clips give Bankruptcy Balance readers a glimpse of what's going on in the industry and what it means for their case.

Finally, Bankruptcy Balance offers a comprehensive FAQ section where some of the most common bankruptcy questions are answered, such as what bankruptcy attorneys do and how much bankruptcy filing costs. There is also an inquiry form where one can ask questions directly to experts and get quick, personalized answers. Whether it's a simple bankruptcy question or a full case evaluation, BankruptcyBalance.com is sure to have the answers.