Season’s Greetings and Happy New Year
Can Filing for Bankruptcy Help You Get Credit?
Bankruptcy May Make It Easier to Obtain Credit There's a common misperception that filing for bankruptcy will reflect negatively on your credit and make it more difficult for you to finance anything. In fact, filing for bankruptcy often leads potential creditors to view you as a safer risk. How can that be? It seems counterintuitive. Here's … [Read more...]
Knowing When It’s Time to Contact a Bankruptcy Attorney
Telltale Signs Bankruptcy Might Be Right for You When you're struggling to make ends meet, the uncertainty you face from day to day can make it difficult to know exactly what to do. Should you consider filing for bankruptcy protection? Can you work your way out of your financial challenges without filing? What will friends and family say? The … [Read more...]
Is Bankruptcy a Good Option for You?
Factors to Consider When Contemplating Filing for Bankruptcy If you're experiencing significant financial difficulty, whether you've lost your job due to the pandemic, just gone through a divorce, or incurred substantial unreimbursed medical expenses, you may be contemplating filing for bankruptcy protection so you can get a fresh start. Here are … [Read more...]
Keeping Your Property When You File for Bankruptcy
The Impact of Chapter 7 and Chapter 13 on Your Property Rights You’re struggling to meet your financial obligations because you’ve been laid off, you’re going through a divorce, or you’ve incurred substantial medical expenses not covered by insurance. You know filing for bankruptcy can help you get a fresh start, but the last thing you want or … [Read more...]
The Credit Counseling Requirement Tied to a Personal Bankruptcy Filing
Credit Counseling Must Be Completed Before You File You're struggling to make ends meet, whether because you've been laid off, incurred medical expenses, gone through a divorce, or experienced other financial hardship. You can get immediate relief by filing for protection under Chapter 7 or Chapter 13, right? Not quite so fast. Before you can … [Read more...]
What Bankruptcy Won’t Do for You
Bankruptcy Gives You a Fresh Start but May Not Eliminate All Your Debt If you've lost your job because of the pandemic, or your medical bills have piled up, you may be considering filing for bankruptcy in order to get back on your feet. One common misperception is that bankruptcy will wipe out all your debt and let you start over again. While … [Read more...]
The No-Asset Chapter 7 Bankruptcy
Keeping All Your Property in a Bankruptcy Filing When you file for protection under Chapter 7 of the bankruptcy laws, you have the opportunity to permanently discharge many debts in exchange for the transfer of some of your property to the bankruptcy trustee. Some debts, such as child support, cannot be discharged by law, and others, including … [Read more...]
