Bankruptcy laws exist to provide a safety net for individuals facing overwhelming debt. The legal process is intended to offer a fresh start, allowing for the restructuring or discharge of debts to help you regain control of your finances. However, bankruptcy is often...
Month: November 2023
Proceed with caution: Navigating the holidays before bankruptcy
Money’s beyond “tight,” and you have every reason to believe that you’re going to have to file a bankruptcy petition early in the coming year. In fact, the only reason you haven’t done it already is that you don’t want to deal with the paperwork and stress in the...
When bankruptcy and divorce collide
It’s no secret that unsustainable debt can cause a marriage to crash and burn. The stress and tension of mounting bills and frequent, intrusive calls from creditors can prove to be the straw that breaks the marital camel’s back. Bankruptcy and divorce are two...
3 times Chapter 7 filers could face fraud allegations
Chapter 7 bankruptcy can be a fast and relatively straightforward way of overcoming substantial unsecured debt. Individuals with massive credit card debts or medical bills that they cannot pay may choose to file for Chapter 7 bankruptcy as a way of taking control of...