Chapter 7 bankruptcy offers the fastest path to the discharge of someone's unsecured debts. A Chapter 7 filer will not be subject to a repayment plan requirement. A Chapter 7 bankruptcy filing can protect someone from a creditor lawsuit and other aggressive collection...
Chapter 7 bankruptcy is a relatively fast and aggressive way to handle unsecured debt. In successful cases, people can go from their initial filing to their discharge in a matter of months. However, before the courts will grant the discharge of someone's eligible...
Do you have debt that’s so heavy it’s affecting your peace of mind? You probably thought about filing for bankruptcy, specifically Chapter 7 bankruptcy. Chapter 7 bankruptcy deals with asset liquidation to tackle debts like medical bills and credit card balances....
Your business has so many debts that it has become insolvent. You cannot conceive of a plan that you believe would lead to a financial recovery. If the closure of the company seems inevitable, a Chapter 7 bankruptcy filing can be a good way to protect yourself as a...
It is safe to say that most individuals file for Chapter 7 bankruptcy (or Chapter 13) after exhausting all other debt relief options. You may feel better when taking these first steps, but you still have responsibilities. A trustee will be assigned to represent your...
Your vehicle is an important tool for daily life. It helps you get to work and allows you to provide support for your family members as well. It is also a valuable asset, and you may worry about the possibility of losing it if you file for personal bankruptcy. A...
Running a small business can be a great way to support yourself and your family, but it also comes with risks. Depending on the kind of business structure you utilized and how well you have separated your personal financial accounts from your business resources, there...
As Tax Day gets closer, you dread finding out how much more money you’re going to owe the IRS in addition to the tax debt you still haven’t paid. A common question that people ask is whether filing for bankruptcy can help them get out from under their tax debt. Some...
Debt can soon spiral out of control. Luckily, there is help available. Or so the TV adverts would have you believe. Debt relief can work. Yet, often all it does is leave you with even more debt and even less chance of paying. If you have debt you cannot afford to pay,...
If you're having difficulty envisioning paying off bills that you have, then you may have decided that bankruptcy is your best option. Many debtors who wish to want to eliminate their debt obligations pursue Chapter 7 bankruptcy because they want to stop collection...
