No one ever really wants to file for bankruptcy, but there are times when it can be unavoidable for many. People will want to file for bankruptcy if they have quite a bit of debt and no way to possibly pay it off during their lifetime. The main purpose of bankruptcy is to give everyone..
Tag: bankruptcy chapter 7 discharge
Many people these days find themselves in serious financial trouble and things have gotten so bad that they feel that they don’t know what to do anymore. Being in that situation has to be extremely scary as your creditors are not likely going to be understanding when you cannot pay them even the minimum amount..
You are always going to have bills to pay, but what happens if they come in faster than you can pay them, or you are barely paying the minimum payment every month? You may feel like you are drowning in debt, especially if you need to continue using your charge cards to pay for everyday..
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..
Can you believe that we are already into the month of April? How are those New Year’s Eve resolutions working for you; how about those financial resolutions? Are you rolling your eyes? Financial hardships can add significant stress to personal hardships. Perhaps you resolved to pull yourself out of the financial funk left by a..
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. ..
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..