Two Tips For Timing Your Bankruptcy Filing


Many people who file for bankruptcy must do so urgently to prevent a significant loss, such as avoiding being evicted from their homes. If you can afford to wait, though, here are two tips for timing your bankruptcy to maximize your chances of discharging debt while minimizing problems. Wait for Your Income and Expenses to Normalize Your income and expenses will play a big part in your bankruptcy filing. In a chapter 7, the information is used to determine whether you'll pass the means test, while in a chapter 13, it's used to figure out how much your monthly payments will be.

18 June 2021

What To Know When You Are Getting Ready To File For Bankruptcy


In a recent year, more than a half-million people filed for bankruptcy. If this is where you are headed as well, it is important to recognize that this is a pit stop and not the end of your financial life. However, if you are hoping to bounce back, you have to handle this entire process with care and deliberateness. A bankruptcy lawyer will also be useful in acting as your advocate as you put the court filing together.

4 May 2021

Frequently Asked Questions About Chapter 7 Bankruptcy


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

Why Chapter 7 Bankruptcy Could Be The Answer To Your Financial Crisis


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

What Happens If You Can't Make Payments Toward Your Chapter 13 Repayment Plan?


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

What Assets Do You Get To Keep After A Debt Consolidation Bankruptcy?


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

3 Things Chapter 7 Bankruptcy Can Do


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

Chapter 13 Bankruptcy: 3 Essential Things To Know


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

3 Rules Of Declaring Bankruptcy


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

Why Bankruptcy Isn't a Bad Word


For many Americans, the idea of retaining bankruptcy law services can seem like a black mark on their record. American bankruptcy law, however, is designed to give honest people a chance to get their finances in order without wrecking their lives. Bankruptcy isn't a bad word, and here are four reasons why you may want to reconsider it. You're Taking Control Bankruptcy attorney services are available to help clients take control of situations that require intervention.

30 July 2020