Filing Chapter 7 bankruptcy is brand new territory for most people. There is a lot to take into consideration, not the least of which are the things you should not do. It’s important that you know and understand what is advisable for you to do - and especially what...
When people have to file for bankruptcy, you may often hear them talk about their credit card debt. They will say that they just had too much debt on their cards and that those cards led to bankruptcy. This creates the perception that credit cards are bad, as if the...
However active and healthy you are, illness or injury could catch you at any time. If you need to spend time in the hospital, you will lose out on earnings. That could make paying everyday bills such as the mortgage and essential services impossible. Then comes the...
You might think it is a case of “once in bankruptcy, always in bankruptcy.” It’s not true, however. The law sets out specific amounts of time that bankruptcy will remain on your credit record. After that has passed, no one need ever know. If you file for Chapter 13,...
Creditor harassment is something that no one should have to deal with. It is unfair to you to have to worry about a creditor calling you at all hours or threatening you with vulgarity. There are many things that creditors cannot do when trying to collect on a debt....
Bankruptcy can offer much-needed relief to individuals who are overwhelmed with debt. If you are struggling to keep up with your bills, declaring bankruptcy could be an excellent opportunity to reset your finances and have a fresh start. However, it is important to...
You might not know this, but sometimes people file a Chapter 7 bankruptcy more than once in their life. For example, many people encounter new hardships after bankruptcy. They may lose their job or suffer a severe injury that leads to expensive medical bills. In the...
While the outcome of financial peril is the same, hundreds of thousands of Americans each year reach this dangerous point in different ways. Whether it was divorce, medical emergency or home repair, it is not uncommon for a single event to spell financial disaster....
At a casual glance, a Chapter 7 bankruptcy probably seems much better than a Chapter 13 bankruptcy. After all, it is fast and does not require that you keep making payments to your credit card companies and other creditors. However, Chapter 13 bankruptcy is popular...
Filing for personal bankruptcy can be a fresh start for you if your debts have gotten out of control. Being overwhelmed by constant calls from debtors and utility companies can cause you a lot of anxiety. When you file for bankruptcy you will be granted an automatic...