Don’t Let Financial Problems Dominate Your Life
Before you can file your Chapter 7 bankruptcy petition, you must first qualify for filing under that chapter. Think of the means test as the dividing line between those whose indigence prevents them from meeting their financial obligations and those who simply don’t...
Chapter 7 bankruptcy can offer individuals and married couples who are struggling with overwhelming debt a chance to eliminate most of their unsecured debts and to benefit from a fresh financial start. However, not everyone qualifies for Chapter 7, so if you need a...
Bankruptcy is a legal procedure that provides debtors a new beginning and alleviation from creditors. The stigma surrounding bankruptcy has promoted stereotypes of irresponsibility; however, numerous Americans encounter bankruptcy due to unforeseen crises, such as...
Individuals and families facing financial hardship sometimes make the difficult decision to file for bankruptcy. Those with above-average income or particularly valuable assets may pursue a Chapter 13 bankruptcy. Chapter 13 proceedings require a multi-year repayment...
Realizing that you need to file for bankruptcy to get control of your finances can be an intimidating process. One of the first things you’ll have to determine is what type of bankruptcy you’ll file. Chapter 7 bankruptcy, which, is known as a liquidation bankruptcy,...
If you want to get your financial slate wiped clean, filing for Chapter 7 bankruptcy is one way to do so. However, this option will not be available to all filers. Specifically, those with higher incomes generally do not qualify for filing for bankruptcy under Chapter...
Chapter 7 bankruptcy, often called liquidation bankruptcy, provides a pathway for individuals in Texas to discharge most of their unsecured debts, such as credit card debt, medical bills and personal loans. This form of bankruptcy is designed for individuals who don’t...
Chapter 7 bankruptcy is an important resource for individuals and businesses facing overwhelming debt. This form of debt relief offers a fresh start for those who can’t afford to repay their debts, even if they were to be offered the opportunity to restructure their...
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...
Chapter 7 bankruptcy is a very useful tool for those with overwhelming debt. Provided that people can qualify to file based on their income, bankruptcy can help them discharge their eligible unsecured debts. The day that they file, they can also temporarily halt...