Although we don’t intentionally do it, sometimes we make ill-advised financial moves that lead to bankruptcy. While filing for bankruptcy can provide a reprieve for those who are unable to repay their debts, there are consequences which may affect your future, for instance: Bankruptcy may place some restrictions on your employment or running a business..
Category: Bohikian Law - page 2
If you’ve reached the point where you’re swimming in debt and can’t pay your bills, you may be wondering which type of bankruptcy is best. You may need a Chapter 7 bankruptcy lawyer or a Chapter 13 bankruptcy attorney. There are differences between each type. Bankruptcy is never a simple process in the United States. Each type depends..
With a struggling economic climate, millions of people file for bankruptcy every year for varied reasons, most notably due to medical expenses, reduced income or job loss. According to US bankruptcy court statistics, personal bankruptcy has increased at an alarming rate and not just as a result of irresponsible spending, but because something like a..
It’s now 2018 and time to get a new start on your life. If your finances have suffered miserably in past years, it’s now a new year and time for you to get your finances in order. Many people have increasing amounts of debt from mortgages, car loans, student loans, medical bills, and credit card..
Imagine that you are drowning in debt. You turn to the bankruptcy courts in hopes to petition them to release you from the liability of your debt, only later to be told there are legal discrepancies involving your paperwork. The frustration that is felt can be overwhelming. It is important to work with an attorney..
It’s important to remember that bankruptcy is always considered a negative thing to have within your credit history. It will have a serious impact on any kind of credit loans in the future. With that said, sometimes the process of filing for bankruptcy is the best course of action for the situation you are in. ..
Sometimes situations arise when you can no longer pay your bills. Although you may have the best intentions of paying off your debt, you simply may not have the means to make this happen. When you can no longer pay your bills, you may need to consider filing bankruptcy for debt resolution. Hopefully, you will..
Hiring a professional, local bankruptcy attorney for your Chapter 7 bankruptcy comes with a lot of benefits. An expert attorney will help you in discharging all eligible debts, while still keeping your household goods, home, and if possible your car. Although alimony, child support, and federal income taxes are not qualified for elimination, a good..
There are two main types of bankruptcy discharged in Michigan: chapter 7 bankruptcy and chapter 13 bankruptcy. The act of going bankrupt refers to a legal proceeding where someone that is unable to pay their bills. Bankruptcy is a fresh financial start that is provided by our federal government. Unpaid bills and debt can accumulate..
Bankruptcy is a legal method that allows an individual to declare their in ability to pay their debt. A person usually opts to declare bankruptcy when all other debt relief options have not worked. Bankruptcy is considered to be the last resort for an individual who has no other possibilities left to pay off debts..