Four Critical Things to Know About Bankruptcy

  When people struggle with insurmountable debt, bankruptcy can be a useful tool in getting back on track. The bankruptcy process is not something to be undertaken without consideration, however. It is a big deal and requires a significant commitment. To this end, it is critical to understand exactly what bankruptcy can and cannot do.  […]

How Filing Bankruptcy can Impact Your Rental Property

While many people who file for bankruptcy understand the basics of the process, people frequently have questions about how specific types of property are handled. If you own a rental house, property, or commercial unit, it is important to consider how these types of property will be affected if you file for bankruptcy. Chapter 7 […]

Navigating the Negative Emotions of Bankruptcy

  Not only is bankruptcy a financially difficult arrangement, it can also result in a number of negative emotions. While some people experience a period of relief after filing for bankruptcy because there are no longer creditors to harass them, other individuals can feel stressed out and overwhelmed by the complex legal process and the […]

Common Bankruptcy Myths

The bankruptcy process can be quite complex. For this reason, there are a number of common misconceptions about bankruptcy that should not be perpetuated. The following will take a look at the reality behind some of the most common myths that are shared about the bankruptcy process. You Will Never Have Good Credit After Filing […]

Common Bankruptcy Myths Debunked

Filing for bankruptcy is a significant life event that can have a devastating impact on your credit score. For some people facing serious financial difficulties, however, bankruptcy is the best option for paying off debts, obtaining financial relief, and getting a new start at building a good credit score. Despite the advantages of bankruptcy, there […]

Filing for Bankruptcy as a Senior Citizen

Given the increasing prices associates with health care, a large number of senior citizens have begun to file for bankruptcy. What some people do not know is that senior citizens who file for bankruptcy are offered a number of distinct advantages. Despite this, bankruptcy is not the best option for everyone. Why Bankruptcy is Not […]

What to do With Your Car Following Chapter 7 Bankruptcy

Contrary to what some people believe, it is not necessary to give away all of your belongings, including motor vehicles, after filing for bankruptcy. If you own a car and file for Chapter 7 bankruptcy, the chances are good that you will be able to exclude a certain amount of the vehicle’s worth. Unfortunately, if […]

How Long Does Chapter 7 Bankruptcy Take?

  The Chapter 7 bankruptcy process allows a person to remove qualifying debt without being required to pay into a repayment plan. People who pass the means test are able to keep the property that they need to maintain their home. There are a number of questions asked by people navigating the Chapter 7 bankruptcy […]

How Creditors Must Respond After You File for Bankruptcy

After you file for bankruptcy, all of your creditors must stop calling you in an effort to collect compensation. Unfortunately, creditors do not always follow the rules, and some people report that they are harassed by creditors even after declaring bankruptcy. If you are experiencing difficulties with a creditor, you should not hesitate to contact […]