If you want to file for bankruptcy, it's essential you work with a bankruptcy attorney. Apart from advising you, an attorney will help you navigate the legal process of filing for bankruptcy. Here are some frequently asked questions about Chapter 7 bankruptcy. What Are the Alternatives to Chapter 7 Bankruptcy? Before filing for a Chapter 7 bankruptcy, you must familiarize yourself with the available alternatives. This will help you make an informed decision.
31 March 2021
Chapter 7 bankruptcy is a program in place to help those that are in financial debt, and have not way out of it, to find financial freedom. Chapter 7 bankruptcy allows you to file bankruptcy and be forgiven on your debts so you have a clean slate to start over. Bankruptcy should only ever be a last and final way out of debt. If you are in a financial crisis and don't see a way out, bankruptcy may be the answer you're looking for.
25 March 2021
Part of using Chapter 13 bankruptcy is that you will be given a repayment plan, where many debts are not completely discharged and you only pay back a portion of what you owe. However, you're likely wondering what will happen if you are unable to pay back the payment plan that was ordered by the bankruptcy court. Here is what you can expect if you suffer another financial hardship. You Must Seek A Hardship Discharge
9 February 2021
One of the biggest questions when filing for bankruptcy is what do you have to get rid of and what do you get to keep afterward? This is one of the things that stops many people from filing bankruptcy, but the things that you want to keep may be the same things that are weighing you down and causing you to be in debt. If you aren't sure about filing for bankruptcy because you don't think you'll be able to keep any of your assets, you may want to talk to a bankruptcy attorney to better understand the process and what all is involved.
11 December 2020
When you need serious help with your finances, you might want to consider visiting a bankruptcy lawyer. A bankruptcy attorney might recommend using Chapter 7 if you qualify for it. Chapter 7 bankruptcy helps in many ways, but it cannot solve every problem. Here are three things it can do, though, that can help you get through this tough financial time in life. 1. Provide Relief from Your Creditors
18 November 2020
Bankruptcy is a legal process that many people turn to when they need financial help with debt problems. If you compare the two main branches, you might discover that Chapter 13 is the right branch for you. You may also find that Chapter 13 is the only branch you qualify for when you need debt help. If you decide to use this branch, it might help to know a few things about how it works.
6 October 2020
Every year, millions of people across the globe are faced with financial problems. For some folks, these issues are so significant that bankruptcy might be the best option. In addition to erasing debts, bankruptcy can help you to clear your mental slate to make it easier to start over. Here are three rules of declaring bankruptcy so you can have a successful experience. 1. Be Honest Sometimes, people hide liabilities and debts, either because they are embarrassed about the purchase or intend to pay them off on their own.
2 September 2020