If you are having trouble paying your debts and have exhausted other options, filing for bankruptcy can help you start over with a clean slate. For people who do not have enough income to repay their debts, Chapter 7 bankruptcy is an option. In this type of bankruptcy, certain assets are sold, and the proceeds are used to pay creditors. If you earn too much money to qualify for Chapter 7 bankruptcy, you may be able to file for Chapter 13 bankruptcy relief.
30 January 2019
Looking for a way to clear out current debts that you have? It could be a good reason to look into using Chapter 7 bankruptcy. Before you dive deep into this process, you likely have some questions about what is to come. Here are three of those questions that you may have. Do You Need A Lawyer To File For Bankruptcy? If you think you can handle a bankruptcy filing on your own, you're making a big mistake for such an important legal process.
30 January 2019
Being in debt without enough income to keep up with your monthly bills makes your life miserable. You constantly worry about money, and everything you make goes toward bills, late fees, and overdraft charges so there's nothing left for building a financial future or for life enjoyment. When you live paycheck to paycheck, all it takes is a minor emergency to get behind on bills, and that starts a snowball of late fees, and you get further behind.
18 December 2018
Debt is never a good thing, but when it comes to a chapter 7 bankruptcy filing your debt is sorted into two different types. Bankruptcy filers usually have both unsecured and secured debts. The main difference in these two types of debt is whether or not the debt has property attached to it. The type of debt you have influences how much relief a bankruptcy offers you, so read on to learn more.
29 October 2018
Debt can leave you feeling as if you have nowhere to turn, especially when creditors are calling and harassing you around the clock. It may seem like you have no options available to you. If you've reached the end of your rope, you need to talk to an attorney about filing bankruptcy. If you're not sure that bankruptcy is right for you, it's time to take a few things into consideration.
10 September 2018
If you're planning on filing for an upcoming bankruptcy, you may wonder what your next steps should be to make sure that it goes smoothly. While the best thing you can do is work with a local bankruptcy attorney who offers chapter 7 bankruptcy filing services, you do not want to make mistakes before you officially hire them. Here are a few tips that things you should not do before the process starts.
21 July 2018
As a business owner, it is important to know that there may come a time when you should consider filing for bankruptcy. Remember, that just because you need some financial help with your company does not mean that you are going out of business. For example, many companies have filed chapter 11 bankruptcy and still continued on to have a success business. After all, chapter 11 is simply a court followed reorganization of finances for companies.
18 May 2018