Don’t Let Financial Problems Dominate Your Life
Individuals considering bankruptcy will usually file for either Chapter 7 or Chapter 13 bankruptcy unless they have a small business or run a family farm. Those with below-average income or few personal resources may choose Chapter 7 bankruptcy to benefit from a...
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...
If you’re considering filing for bankruptcy to get out from under crushing debt, you likely already know that a bankruptcy filing will affect your ability to obtain a loan or other credit for some time. It’s something you’ll have to ease back into – carefully – as...
Some people who go through a divorce file for bankruptcy at some point. Thus, these two processes may be related. Some factors from your divorce may push you to file for bankruptcy sooner or later in your new life. The following discusses how this can happen: The...
The thought of filing for bankruptcy can be scary and unpleasant, but that’s often because people have heard things about the bankruptcy process that are simply not true. You may feel better about filing for bankruptcy after debunking common bankruptcy misconceptions:...
Medical bills are very expensive in the United States. Those who do not have insurance could find themselves facing overwhelming debt almost immediately. But even those who have insurance could find out that it doesn’t cover the full costs, that some of the services...
Bankruptcy is a rising trend, but what is it? Bankruptcy is a court-ordered process that may allow people to resolve their debt obligations. Commonly, people choose these two kinds of bankruptcy: Chapter 7: a liquidation process that assigns a trustee who sells a...
You determine that your debt is unsustainable, and it’s holding you back financially. You simply don’t earn enough money to ever pay off all of the debt, so the interest keeps compounding. You want to get a fresh financial start, so you consider Chapter 7 bankruptcy....
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...
Financial issues have begun to become very serious for a lot of people across the United States, with rising costs, inflation and perpetually low wages. As such, you may not be surprised to find out that bankruptcy filings have been rising. The statistics for 2023 are...