"Never Pay Collections or Charge Offs" is HORRIBLE Advice (2021)

https://www.youtube.com/watch?v=5LSE5pcoxmc

Before and After Bankruptcy

The bankruptcy process can be tedious and often requires active participation from the filer. While it isn't difficult to obtain a debt discharge, there are still some aspects to filing bankruptcy that should be considered beforehand. More specifically, making sure you are aware of what is required both before and after a bankruptcy can ensure the best outcome possible.

Questions To Ask Your Bankruptcy Lawyer

Filing for bankruptcy can be an overwhelming process for some people. While it isn't intended to be difficult, the stress of dealing with creditors and debt collections can send anyone over the edge. Although some people are successful in navigating the process alone, hiring a bankruptcy lawyer is strongly recommended.

Bankruptcy - What Is Bankruptcy?

Bankruptcy is a federal debt relief process that allows individuals, businesses, or farmers to obtain federal protection for elimination or reduction of their debts. (A debtor may also repay all of their debts under revised repayment terms as well.) There are two main types of bankruptcy - re-organization and liquidation bankruptcies.

Debt Relief And Bankruptcy

There is much debate among professionals as to which debt relief solution is best. The real answer depends on the person's financial situation.

Bankruptcy Attorney Advice

In the current economic climate it is easy to lose sight of your finances and end up in a situation beyond your control. Fortunately there are resources and help to make sure that this minor stumbling block does not become a situation that takes control of your life and ruins your future. Getting your life back on track is not necessarily a simple matter but it is certainly within reason to think that you will be able to remedy your negative debtor history.

Credit Myths That Can Cost You

Your credit score is extremely important to your financial life. As the main determining factor in obtaining loans and representing you as a borrower, a credit score must be well cared for. However, many people often suffer at the hands of several credit myths, which could be damaging to their financial future.

Considerations When Filing Bankruptcy

Debt is an overwhelming and stressful experience, one that is dreaded by anyone on the edge of financial hardship. When debts pile up and collection calls begin, it can feel as if your options are running out. While filing for bankruptcy can be a good way to resolve your debts and get back on track, there are some things to consider before finalizing the paperwork.

The Basics Of Debt Collection

With so many people deeper into debt than ever before, the debt collection business is booming. Unfortunately, too many of us know what it is like to deal with debt collectors. Although they do have the right to make collection attempts, you might be surprised to learn that they are bound by some very specific rules and guidelines.

Getting Your Life Back After Bankruptcy

So you've filed for bankruptcy but now what? You've gotten a fresh start from bankruptcy and this time you want to make sure your financial future is secure so this doesn't ever happen again. But how and where do you start? This article will discuss the steps you can take to build back your credit so that you can finally get your financial life back on track.

How to Avoid Foreclosure And Keep Your Home

The primary method of foreclosure in Texas involves what is known as non-judicial foreclosure. This type of foreclosure does not involve court action. When the deed of trust is initially signed it will usually contain a provision called a power of sale clause which upon default allows a trustee to sell the property in order to satisfy the underlying defaulted loan. The trustee acts as a representative of the lender to conduct the sale which typically occurs in the form of an auction. This sale is halted by the filing of a bankruptcy petition by a debtor on the mortgage...

What a Bankruptcy Lawyer Can Do for You

Bankruptcy occurs when an individual has no other options to get out of debt. It is the process that allows people to pay back or at least reduce their debt to credit card companies and banks. The two types of consumer bankruptcy are Chapter 7 and Chapter 13.

Chapter 7 Bankruptcy: Can You File?

Before you plan to file for Chapter 7 bankruptcy, make sure you are eligible. Then make sure it the best move for your situation.

Debt Discharge In Bankruptcy

While many people understand the basic idea behind filing for bankruptcy, few people actually understand some of the key concepts. As people pursue bankruptcy there is still much to learn about how a discharge works.

Choices In Debt Relief

Finding relief from a large debt load can be a tedious job. There are several options available to help resolve debts and bring financial stability, but knowing which is right isn't always easy. Anyone looking for help should start at the basics, reviewing the options and the different benefits and risks associated with each.

Six Ways NOT to Pay Down Debt

When it comes to debt-relief in Canada, many of us DIY'ers are looking for ways to pay down our debts. Well, there are right ways of doing things, and no-so-right ways. Here's what not to do.

https://bklaw.attorney/never-pay-collections-or-charge-offs-is-horrible-advice-2021/

Credit Score and Judgments (2021)

https://www.youtube.com/watch?v=DZvZajQt2Z0

Filing Bankruptcy Can Be An Investment In Your Future

Many times the reasons that people these days are filing bankruptcy has nothing to do with financial irresponsibility, but more to do with the bad economic climate that our nation has been facing. High unemployment has gripped the country, medical costs and insurance continue to rise, fuel prices are skyrocketing, food prices continue to climb steadily. This is a recipe for disaster for many struggling families.

Why You Should Pay Your Bills Online

With the innovations caused by the development of the internet years ago, a lot has changed, specifically in the world of customer service. You can now get product information online, contact businesses via e-mail, and order items through a website without ever having to leave your home. Another often overlooked convenience that we have now through the continued development of technology is the ability to pay bills online. Many people fore-go the ability to do so, even though it is very convenient and saves time, as well as resources. Here is why you should take advantage of the option to pay your bills online.

5 Ways to Avoid Filing for Bankruptcy

According to Dave Ramsey, bankruptcy is in the top five worse things that can happen to you in a life time. It stands near divorce, illness, disability and loss of a loved one. After all bankruptcy can also be considered the loss of love one called money. People who go bankrupt suffer depression and different other feelings related to depression.

Credit Skills to Keep You From Bankruptcy

As experienced bankruptcy attorneys, we know that people are forced to file for bankruptcy for many reasons. Though sometimes circumstances are outside of your control (sudden unemployment, high medical bills), one of the biggest reasons people are forced into bankruptcy is improper credit use.

Money Management Tips to Avoid Bankruptcy

Avoiding bankruptcy is made possible with a few solid money management skills. When you start practicing these techniques as a part of your habit - and encourage your family to do so, too - you'll more likely than not stave off the bankruptcy courts for as long as you live!

Bankruptcy and Graduation

On the outside, these two topics seem to be completely opposite. In reality, they actually have a lot in common. When someone graduates from college, they're getting a fresh start on life and heading out to start a career.

Closing Your Business Due To Bankruptcy? Know Your Options!

If your business is struggling and you decide to file bankruptcy there are several options available for your consideration. You don't necessarily need to close your business down. Understanding the types of business bankruptcy is key to making an informed decision.

Attacking Bankruptcy Myths With the Facts

Bankruptcy can definitely be a sensitive subject. With the current world-economic situation, more and more people have begun to look at bankruptcy as an answer to their financial woes. There is, though, a cloud of myth that surrounds the subject that, oftentimes, forces individuals to wait too long before they consider it an option for them.

Other Option for Getting Rid of Debts Than Filling Bankruptcy Forms

If you are not able to fill the bankruptcy forms on your own, then you should take help from the many financial helpers in the market. However, let me tell you one thing straight. It is a good sign that you are not able to fill the forms. The best way to reduce debts is not to go for the bankruptcy filing.

Bankruptcy Basics: What You Need to Know

When it comes to bankruptcy, there's a lot of information you need to know. Finding all of this in one source can be difficult and frustrating for many people. You probably have a lot of questions at this point. First and foremost, you are probably asking yourself if you even should file for bankruptcy.

The Bankruptcy Process

After years of experience in the bankruptcy process, we've helped countless people go through the system, from filing for bankruptcy to coming out on the other end, refreshed and healthy. While the bankruptcy process can be exhausting, there's no doubt that after that chapter of your life has been closed, you, too, will find yourself breathing fresh air.

The Next Depression

For many years, a number of economists, investors and entrepreneurs have been predicting that a new depression is prepared to become the new great depression for a number of reasons, but I personally consider that this has been mainly caused to the irrational growth of fiat currency as the easy way that most governments policy have responded to the crisis. Also, a growing number of regular people believe that this crisis will wipe out those who are not ready, or unaware to the warnings, and do not take...

Bankruptcy: Defining The Difference Between Chapters 13 And 7

Are you thinking about filing for Bankruptcy? Learn the difference between Chapter 13 and Chapter 7 to better prepare yourself for a debt solution to fit your financial situation.

Filing Bankruptcy Is a Reasonable Option in a Down Economy

Many people these days find themselves contemplating filing bankruptcy. Well they certainly are not alone. As it stands more than million people will file bankruptcy this year alone, and there are a lot more people that are in a situation where they should seriously consider it.

Filing For Chapter 7 Bankruptcy To Get Out Of Debt

Chapter 7 Bankruptcy can provide the financial relief that many who are floundering in debt need. You can contact a financial lawyer to find out if you qualify and begin the process today.

https://bklaw.attorney/credit-score-and-judgments-2021/

Student Loan Debt - Defending Student Loan Lawsuits

https://www.youtube.com/watch?v=lwE9ohE5j58

Information on Debt Solutions From a Bankruptcy Accountant

Insolvency in financial problems leads you to ceasing of your bank accounts and any other financial ways of facilitating yourself. The best way out of the debt problems and insolvency is to get help instantly. The insolvency problems can be best dealt with the help of an accountant in bankruptcy.

Good Credit and Bankruptcy

From lower interest rate mortgages to a credit card with cash back rewards, having a good score will help you profit in the long run. Also, the information you learn along the way will much more likely to keep you from bankruptcy.

Chapter 11 and Chapter 13 Bankruptcies

Not everyone who wants to file bankruptcy wants to simply eliminate debt. Some people, through a series of circumstances, find themselves in a situation in which the amount of money required to meet the minimum payments on all of their debts exceeds their income.

Life After Chapter 13 Bankruptcy Is Good

So you filed Chapter 13 bankruptcy, what comes next? First of all you are not alone. More than 1.5 million Americans will file for bankruptcy this year alone.

Dealing With Bankruptcy When It Comes Knocking

Bankruptcy is not a term that we generally throw around in conversations. It is a term that has a negative connotation to it and a negative aura that follows it around. But, bankruptcy was developed and inserted into our law for a positive reason - sometimes individuals and businesses alike, find themselves in a financial hole that they cannot get out of.

Hiring a Chapter 13 Bankruptcy Attorney: Answers You Should Get

When you need to hire a Chapter 13 bankruptcy attorney, it helps to know what to look for. Learn how to best choose an advocate and legal advisor during what can be a very confusing process.

Chapter 7 Bankruptcy

For many individuals who consider bankruptcy, chapter 7 is still the most common type of bankruptcy. Chapter 7 bankruptcy is generally ideal for those who have a lot of debt but not a lot of valuable assets. It's different from the other two types of bankruptcy because it does not involve a structuring or repayment plan. Rather when one files for chapter 7, debt is excused or discharged.

What Happens When You File for Bankruptcy?

The concept of bankruptcy is overwhelming. Many who are considering bankruptcy are so focused on the court appearance that they let their anxiety get the best of them and do not realize that the courtroom part of the process is a very small blip in the bankruptcy timeline.

After Bankruptcy Credit Boosters

Many people who enter the bankruptcy process worry about the fate of their credit. This is actually unnecessary as the bulk of credit damage happens before the bankruptcy process is even initiated. While no one wants the added hassle of rebuilding their credit after resolving debt troubles, doing so can put you leaps ahead of others in the credit game.

Help Filing For Bankruptcy

Have you recently been put out of a job because your company is downsizing and eliminating positions? Are you facing a wall of debt that you are unable to conquer?

Marital Adjustment and Bankruptcy

What most individuals may not know is that even if only one spouse is filing, all household income is used for bankruptcy calculations. This means that the non-filing spouse's income is counted towards the filing spouse's household income.

Wage Garnishment and Bankruptcy

If you have ever been late on your debt payments or involved in harassing credit collections, then you understand the stress associated with overwhelming debts. While not all creditors engage in pushy techniques to get their money, some can go so far as to send threatening letters or even file a lawsuit against you.

Make Credit Counseling Work For You

When people hear the word credit counseling they typically associate it with filing for bankruptcy. While it is a required part of the bankruptcy process in many states, credit counseling is available to anyone at anytime. The resources they can offer aren't just for those drowning in debt, but anyone looking to boost their money management skills.

When Chapter 7 Is Right For You

It's difficult to come to terms with the fact that filing for bankruptcy might just be the best financial move you can make. Here are some signs that you might want to go ahead with filing.

Knowing When Bankruptcy Is Right

There are many things that go into filing for bankruptcy, which means it isn't a decision to be made quickly. In order to gain the most benefit from the process, it is important to review certain aspects of your financial life carefully before filing the petition.

https://bklaw.attorney/student-loan-debt-defending-student-loan-lawsuits/

Third Stimulus Check Update - Increase Your Credit Score + Fresh Start!

https://www.youtube.com/watch?v=V44zSS-73GQ

Misconceptions and Myths About Bankruptcy

There are many myths about bankruptcy that strike fear in the hearts of the financially insolvent. Unfortunately, these misconceptions often deter people from filing and obtaining the help they need.

Bankruptcy Fears, Confronted

Many people fear the bankruptcy process unnecessarily. There are plenty of misconceptions circulating about how the process works that often deter people from ever benefiting from some of the valuable resources bankruptcy can provide.

Dealing With the Emotional Aftermath of Bankruptcy

Without a doubt, bankruptcy filing can cause many negative emotions. Many people's sense of self-worth is often viewed in light of their financial circumstances. When a person files bankruptcy they experience a loss of money and credit which can be experienced as a huge blow to their self-confidence.

The Role of a Trustee in Bankruptcy in Australia

This article describes the role of a Trustee in bankruptcy in Australia. It also describes the requirements and process that an applicant to become a Trustee must go through to be accepted. It's important for anyone filing bankruptcy to understand the role of the Trustee as they will all deal with one.

Application for Waiver of Court Filing Fee in Chapter 7 Bankruptcy

Debtors who cannot afford to pay the court's filing fee can apply for a waiver of this fee. The requirements for waiver of the filing fee are difficult to meet. The fee waiver is intended for Chapter 7 bankruptcy filers who are truly needy.

Bankruptcy Attorneys - A Relief During Crisis

In order to come out of this situation and handle it appropriately, there are several bankruptcy lawyers. Information about hiring such experts can be easily found over the internet, with all the details and the do's & dont's to keep in mind while choosing a Bankruptcy attorney.

The Big And Small Benefits Of Bankruptcy

Filing for bankruptcy is not as scary as most people make it out to be. In fact, there are numerous benefits to be gained. Although filing isn't necessarily for everyone, the benefits of the process can cover a wide range of issues that go along with financial hardships. Big or small, the potential for relieving financial stress and getting back on track are enough to make it worthwhile.

Honesty Is the Best Policy When Filing Bankruptcy

Over the last few years there has been a large number of Americans filing bankruptcy as a way out of unsustainable debt. Even though the government has been reporting numbers that would make one think that the recession is over, it's obvious there is a lot more downside to come. The naysayers need to understand that this is an election year and the candidates will say whatever is necessary to get reelected.

Things You Must Know About Bankruptcy

For anyone considering bankruptcy, the decision isn't easy let alone very debtor-friendly. Although the process isn't mean to be difficult for consumers, most people lack the understanding to guide them through the process. When considering bankruptcy, a little preparation goes a long way.

Reasons to File Bankruptcy - Loss of a Job

In this bleak economy, many people are forced to file bankruptcy. But this doesn't always solve all your financial problems. Before filing bankruptcy, then, read this article!

Bankruptcy: Are There Other Options?

For many consumers, bankruptcy seems to be the other option to get out from under their debt. There are other alternatives that should be considered before making a final decision.

Lose Benefits of Chapter 13 Bankruptcy With Loan Mods

No one can predict what would happen back in late 2007 and 2008. Shortly after Congress modified the bankruptcy code to lower the amount of people filing bankruptcy by eliminating individuals they felt were abusing the system. Included in the changes to the bankruptcy code was a means test to qualify people filing bankruptcy along with a pre-bankruptcy credit counseling course and a post-bankruptcy financial management course.

Chapter 13 Myths

Many people hold misconceptions about how the process works and what outcomes could result that often influence their decision to file or not. When it comes to filing for Chapter 13 bankruptcy there are generally less risks involved, but many people follow a few myths about the process that could be damaging.

Can We Talk About Bankruptcy?

At first the devastation of weighty debt and the blow to your family requires emergency help; but soon your realize that this is your life right now and you MUST address the day to day living routine, and YOU have to be the one to take control and begin working on a plan to get you through to the next day, next week and next year. How do you do that!?

Pride Is the Main Cause of Stopping People From Filing Bankruptcy

Many times a lot of people don't file for bankruptcy because they don't want to accept the fact that they are bankrupt. Pride is the main cause for it. But it's wise to leave the pride and file bankruptcy and become debt free.

https://bklaw.attorney/third-stimulus-check-update-increase-your-credit-score-fresh-start/

How To Draft An Answer To A Debt Collection Lawsuit (2021 Update)

https://www.youtube.com/watch?v=OO9g8TPhV4k

Predictions About Bankruptcy Through Different Bankruptcy Models

Bankruptcy is a concept not new to any person. However, to predict that bankruptcy can be filed is very difficult. Sometimes, people make it easy for themselves to file bankruptcy by not considering any other possibilities of solutions for debt issues that they face, like IVA, debt management, DRO, trust deeds, etc. Different online forums like an IVA forum, bankruptcy forum etc, can help them out in getting them information on the different solutions for debt issues but they do not either know or just do not want to know. They just directly go to a lawyer to file the petition.

How To Get Rid Of A Second Mortgage When You File Bankruptcy

Chapter 13 bankruptcy may allow you to get rid of your second (or third) mortgage. Consider talking to a bankruptcy lawyer before you decide if it's a good option for you. Most offer free consultations.

Reasons to File for Bankruptcy

Every day, we hear peoples' reasons for filing for bankruptcy. There are many reasons someone might seek out the services of a bankruptcy attorney, but all of them point back to one common problem: financial woes.

Hiring the Perfect Bankruptcy Attorney

Unfortunately, the legal bankruptcy industry has gotten a bad rap because of a few profit-driven lawyers. However, your average bankruptcy attorney is usually a pretty good guy. When you're seeking out professional assistance from someone to walk you through the bankruptcy process, start to finish, you want to make sure you get one of the good ones.

What Your Bankruptcy Attorney Should Tell You Upfront

Before you try to get rid of your debts, you should talk to a bankruptcy attorney. Consider what you will find out at your first meeting.

Bankruptcy Filing and Its Alternatives

The concept of bankruptcy was introduced many years ago so that a debtor could be helped with his debt issues, and his financial disaster could be brought to an end, with getting a control over his financial income and assets. Bankruptcy is now very different in filing as to what it was like when it was introduced.

Details on Bankruptcy and How to Avoid It

It is important to gather all the necessary bankruptcy information before filing a bankruptcy petition in the court. You must have a question in mind as to why this is necessary, and why should you take out information on the subject before you go for the concept.

Details on the Uses of an IVA

The IVA or the individual voluntary arrangement is a type of an agreement that lasts for 5 years and is between a creditor and his debtor. This agreement helps one debtor to get rid of his debt payments so that after the 5 years time period, the creditor is not able to bug him in any case. With the help of an IVA, the debtors are not bothered for any additional payment like extra charges, interest rate etc, so that the creditors cannot bug the debtor and he can easily pay off the debt amount in newly defined loan payment criteria.

The Argument For Not Filing an Asset Chapter 7 Bankruptcy Case

There has been a lot of controversy lately about professional fees in large Chapter 11 bankruptcy cases. What about Chapter 7 and Chapter 13 cases? Sometimes in asset Chapter 7 cases the professional fees charged eats up most of the bankruptcy estate too. So why not file a Chapter 13 case instead?

Bankruptcy Basics: Hiring the Right Bankruptcy Attorney

The bankruptcy process is difficult and draining, emotionally, financially, and physically. However, if your financial situation has truly hit rock bottom, you may find sanctuary in the bankruptcy process. After all, the bankruptcy code was developed to be a safe haven for those who face unbearable financial hardship.

Tips To Avoid Bankruptcy

Most people feel that bankruptcy is the only option when they are neck deep into debts. When people do not take notice of their spending, debts keep piling up on one after another. With not enough money to repay your debts, you will eventually face more pressure from your creditors, who will eventually force you to declare bankruptcy.

Identity Theft and Bankruptcy

The availability and easy accessibility of information via the Internet and corporate networks makes identity theft an unfortunately common practice. If you're a victim and caught off guard, you could be put at risk for bankruptcy.

Europe, Spain Temporarily Out of Crisis, But Is Bailout the Right Way Out?

Performances & not failures merit a reward. But nations have been seeking a Bailout as if they are rewards for their grave errors.

Is It Hard to Get Credit After Filing Bankruptcy?

Unlike the popular belief it's not difficult to get credit after filing bankruptcy. A lot of creditors today are willing to give credit to people who have filed bankruptcy. Read further to find out more about credit after filing bankruptcy.

How to Find the Perfect Bankruptcy Attorney

Did you know that there are certain qualities make a good bankruptcy attorney, and qualities that make for a bad one? It is important that you can find this to be a helpful resource for finding the right person or firm to guide you through the murky and choppy waters of the bankruptcy process.

https://bklaw.attorney/how-to-draft-an-answer-to-a-debt-collection-lawsuit-2021-update/

Third Stimulus Check Update - Debt Collectors Encouraged to Allow Payments to Reach Consumers

https://www.youtube.com/watch?v=1rt_iThCcXo

Bouncing Back After Bankruptcy

Many people fear the process assuming that getting back on their feet will be difficult. This misconception leads too many people astray from the benefits bankruptcy has to offer. While having your debts discharged is not the end of the road, taking a few simple steps after bankruptcy can ensure you get on the right path.

Chapter 7 Bankruptcy and the 180-Day Rule

Explanation of exemptions and the bankruptcy estate. I also describe the 180-day rule in Chapter 7 bankruptcy.

Support for Bankruptcy Eligible Student Debt

The problem of student loan debt continues to be at the forefront of the bankruptcy debate. On the heels of an outpouring of support for a recent push for loan forgiveness, the movement to harness and begin eliminating student loan debt has been expanded to include the idea that those in dire financial straits ought to be able to include student loans in bankruptcies.

Questions To Ask Before Bankruptcy

The key to a successful bankruptcy case is evaluating whether you are a good candidate for the process and also knowing what to expect. Before filing for bankruptcy it is important to ask yourself a few questions to ensure you are making the right choice for your financial situation.

Family Debt Management

Debt is a family matter, especially when finances become tight and debt account head towards default. Although not everyone is affected by debt in the same way, debt and bankruptcy can have a lasting impact on the whole family. Before ending up in financial disaster consider a few important points about debt management and how it affects your family.

Preparing To File Bankruptcy

Bankruptcy is not a passive process. In fact, it requires the coordinated effort of many people. The bankruptcy trustee is responsible for managing the creditors, while the debtor is required to complete certain steps in order to successfully complete the case.

When It Comes to Filing Bankruptcy Chapter 7 Is a Popular Choice

With the economy still on life support, many Americans have found themselves buried under a mountain of debt with no feasible way out. When faced with these circumstances it is better to file bankruptcy sooner rather than later. Why wait until the creditor harassment has become too much to bear?

About Bankruptcy Exemptions

One of the biggest concerns people have about filing for bankruptcy is what will happen to their assets. While a Chapter 13 bankruptcy can protect assets far better than a Chapter 7, there are other ways to keep assets and prevent liquidation. Bankruptcy laws are written in such a way as to help debtors keep their property, which are done through either federal or state exemption laws.

Are You Ready For Bankruptcy?

The bankruptcy process can be overwhelming at times, but it doesn't have to be. Knowing what is expected of you throughout the process can help you prepare and eliminate mistakes that could cost you valuable time or even jeopardize the outcome of your case.

Credit Concerns After Bankruptcy

Despite popular belief, filing for bankruptcy does not damage your credit. Although there are some things to be concerned about credit-wise after bankruptcy, the risk of further credit damage is not one of them. Anyone considering filing, or just exiting, bankruptcy should consider the following points about credit and your future of credit.

Understanding Your Insurance Policies Can Help You Avoid Bankruptcy

Financial misfortune can happen to even the savviest of money managers. When an unexpected event occurs, people often find that their medical or property insurance covers a significantly smaller portion of total costs than expected. Those facing bankruptcy because of "life happening to them" may feel trapped and left with no other choice than to declare bankruptcy.

What Is the Difference Between Chapter 7 and Chapter 13 Bankruptcy?

Usually those considering bankruptcy do so because they feel they have no other alternative to escape from their overwhelming debt. Bankruptcy can be an attractive option for getting your life back together after a financially devastating event such as a serious illness, extended unemployment, or even a difficult divorce.

Bankruptcy Filers Have The Edge

While there are some people who overspend and load up their debt accounts, many people have succumbed to bankruptcy over uncontrollable life situations. Loss of a job, spouse or medical condition can all bring about unexpected financial pressure. Regardless of the reason for entering bankruptcy, those who successfully complete the case have an edge of those of us still suffering with high debt burdens.

Things To Consider Before Filing Bankruptcy

Small business owners and consumers who are facing increasing debt may think of filing for bankruptcy. Sometimes, filing bankruptcy is the only choice to come out of those debt issues. Credit counselors and bankruptcy experts are experts for seeking advice before thinking ahead and filing for bankruptcy.

Types of Bankruptcy

There are several types of bankruptcy available to those seeking to end the debt in which they have found themselves. These include, Chapter 7, Chapter 11, Chapter 12, and Chapter 13 bankruptcy.

https://bklaw.attorney/third-stimulus-check-update-debt-collectors-encouraged-to-allow-payments-to-reach-consumers/

Third Stimulus Check Garnishment - What You Need to Know

https://www.youtube.com/watch?v=ZbBdu7zmPRI

How Much Does Filing Bankruptcy Cost?

How much does filing bankruptcy cost? To answer this question, you first have to define what kind of bankruptcy you are filing. Personal bankruptcy is filed as Chapter 7 bankruptcy.

Before and After Filing For Bankruptcy

Many people fear the bankruptcy process unnecessarily. The truth is that much of what people fear about bankruptcy is related to myths and misconceptions about the process. The best way to combat false information is through consumer education.

Why NOT File for Bankruptcy? The Reason May Be Different Than You Think

Bankruptcy law doesn't exist to protect those with nothing. Bankruptcy law exists to protect people who still have assets, enabling them to save those assets and avoid losing everything. A permanently "judgment proof" person shouldn't wast money on a lawyer or blow their once-in-eight-years shot at filing for bankruptcy. However, a person who has assets but is in danger of losing them should consider bankruptcy among their options.

When Businesses File Bankruptcy

The economy hasn't just been tough on consumers, but businesses are also struggling more than ever before to maintain profitability and keep their doors open. With so many high demand companies taking the plunge into bankruptcy, consumers are wondering what exactly this means for the fate of a business.

Should You Consider Chapter 7 or Chapter 13 Bankruptcy?

When you find yourself unable to pay the bills and meet monthly expenses, you may find yourself considering bankruptcy. Bankruptcy may or may not be the right option to choose when your debts create unbearable stress.

Medical Debt In Bankruptcy

Many people are uninsured or underinsured simply because they cannot afford to pay for health insurance. This becomes a big burden in the event an accident, illness or chronic medical condition develops. One of the most troublesome types of debts among Americans today, especially the elderly, is medical debt.

Divorce and Bankruptcy: Surprising Results

Separation Agreements that are incorporated into a divorce decree (and decrees of divorce themselves) pose difficult and sometimes unexpected results in bankruptcy. Many of the general rules of bankruptcy can be dramatically altered with a separation agreement or divorce decree.

When Bankruptcy Is Your Only Option

You have probably tried everything to avoid it. Perhaps you have consulted with your bank and other lenders, borrowed money from friends and relatives, and sold or pawned anything of value. If you find your debts are not completely relieved and you have no other source of money to help, bankruptcy could be the last option left for you to take. It is not uncommon to equate filing for bankruptcy with a personal failure, but know it can represent a renewal stage in your life, one that helps you regain financial footing and work toward paying what you owe.

Loans And Credit After Bankruptcy

One of the most feared aspects of filing for bankruptcy is the future effect on getting credit or loans. While bankruptcy itself doesn't damage one's credit, there are still some challenges that must be faced when securing credit after bankruptcy. However, knowing what to expect and how to find the right type of credit can be the difference in success or failure.

Debts In Chapter 13

There are risks and benefits to either type of personal bankruptcy filing, but many people find Chapter 7 to be the more desirable type of case. When searching for debt elimination, Chapter 7 is your best option. However, not everyone will qualify and many people will end up filing for Chapter 13 instead.

Bankruptcy Timeline: What to Expect After Declaring Bankruptcy

Before making the decision to declare yourself bankrupt, it will be very beneficial to understand the sequence of events that will come after doing so. Therefore, knowing the timeline of the bankruptcy process could prove to be very beneficial to the outcome of your case.

Purchasing A Home After Bankruptcy

Going through the process of a bankruptcy can be an exhausting and disheartening experience. It is especially true if you have dreamed of buying a home and your bankruptcy is preventing that from happening.

Questions To Ask A Credit Counselor

Credit counselors are extremely underutilized by consumers and many who do seek their services have little knowledge of what they are looking for. Knowing the right questions to ask can ensure you get the most out of your credit counseling experience.

Credit Before and After Bankruptcy

One of the biggest areas of concerns for anyone considering bankruptcy is what will happen to their credit. The truth is, bankruptcy does not damage credit, but missing payments does. While there aren't many negative effects of bankruptcy on credit, there is still much to consider about your credit standing before you file for bankruptcy.

What Is Chapter 7 Bankruptcy?

Chapter 7 is the most common chapter of the bankruptcy provisions in the United States. Chapter 7 is a liquidation, or straight, bankruptcy and is used by individuals (other chapters are for businesses, farmers etc).

https://bklaw.attorney/third-stimulus-check-garnishment-what-you-need-to-know/