A bankruptcy occurs when one is up to their eyeballs in debt and has essentially lost any potential option to repay their debt. Bankruptcies are a federal matter, as set forth by the U.S. Bankruptcy Code.
Bankruptcy
A legal process that...
Bankruptcy can provide relief from a wide range of burdensome debts. However, it will also have a significant impact on several areas of your life in the years to come. It can affect employment, banking, insurance and housing. Fortunately, the...
While declaring bankruptcy is no one’s first choice, it may be the right decision for your situation. But how do you know which type of bankruptcy to file?
Can I File Chapter 7 Bankruptcy?
A business entity or individual can file Chapter...
Many people want to know, What bankruptcy is and whether or not filing for bankruptcy wipe out all of a person’s outstanding debts?
Bankruptcy is a federal level court process fashioned to make it possible for consumers and businesses to...
After you file for bankruptcy, your credit score will take a dive. However, that doesn't mean it has to stay low for years to come. There are a few things you can do to rebuild your credit after a bankruptcy filing. Here are three things you...
For most people, the thought of filing for bankruptcy is terrifying because they believe the old myth that it takes 7 years or longer to recover from the damage it does to their credit history. Although it certainly is true that it could take seven...
If you’ve tried and tried to settle your debts, but you just keep sinking further, the best thing to do is to bite the bullet and declare bankruptcy. This process will allow you to either wipe out or restructure your debt, allowing you to...
Drowning in debt may seem like the end of the world but thankfully you have a few different options to relieve yourself from debt. While filing for bankruptcy will alleviate your debt, it is not always the best choice. Many consider filing for...
Filing for bankruptcy is never an easy decision to make but sometimes it really is the best option for you. It can be difficult to try to pay back your creditors and you don’t want to lose most of your personal property during the process....
The reorganization process under Chapter 11 of the Bankruptcy Code is designed to allow struggling businesses to restructure their finances and maximize the return to their creditors and owners. This particular chapter usually makes it to the...
There is no way around the fact that if you file for bankruptcy, you will see a negative impact on your credit score. Because of this, it’s important to know exactly how your credit score is being affected. This is significant because...
If you find yourself in danger of having your wages garnished or losing your home, you might consider filing for bankruptcy, but how can you be certain that it’s the right way to solve your financial problems?
While the advantages of...
Despite how minimal you may think your financial problem is it’s recommended that you obtain legal representation. You will need access to competent legal consultation and representation in order to face a bankruptcy. Therefore, we...
Filing for bankruptcy is stressful and confusing, to say the least. When considering filing for bankruptcy, there a wealth factors and decisions that come into play. Before making any concrete decisions that affect your financial future, it is...
The thought of declaring bankruptcy can be overwhelming and intimidating for anyone. From the stress of unresolved debts to the anxiety of an uncertain financial future, the mental and emotional turmoil involving bankruptcy can be tremendous. Many...
The bankruptcy trustee is now suing my parents! How did this happen?
Tax Refund Garnishments
Do I owe taxes on the debts that were discharged in my bankruptcy?
Am I going to have to give up all of my property if I file bankruptcy?
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