Many people who could use the protection of an automatic stay or the relief of discharging certain debts do not want to file for personal bankruptcy. They may worry about the negative impact bankruptcy could have on their lives. One of the biggest deterrents to filing...
Falling behind financially is a very stressful experience. Those who don't have the personal resources to consistently fulfill all of their financial obligations often have to make rather difficult choices. They might pay their mortgage but let their credit cards fall...
People sometimes have a negative opinion of bankruptcy, and it tends to stem from an idea that the person who is filing for bankruptcy is responsible for that financial position. They are blamed for making mistakes or poor decisions. They are told that it is their...
Chapter 13 bankruptcy may be the best solution for people in certain situations. Those who earn too much money to qualify for Chapter 7 may be grateful that Chapter 13 bankruptcy is an option. The same will be true for those who have more assets than they can exempt...
When you live in an apartment but also have other bills to pay, things can get tight. You might already be dealing with judgments against you or have poor credit, making it impossible to move to a new unit right now even though it might save you some money. This kind...
When someone sues you, the courts might award them a judgment. You could be subject to judgments for numerous reasons, but unmet financial obligations are a common source of personal judgments. A creditor can take you to court for an unpaid debt and use your payment...
If you’re struggling with money and don’t know how you’re going to pay back your debts, you’re not alone. There are many Americans in the same position, and attorneys who specialize in bankruptcy believe that filings for bankruptcy due to excessive debt will rise in...
There are 2 main types of Bankruptcy- Chapter 7 & Chapter 13. Do You Qualify for Chapter 7 bankruptcy? Even if you have decided to file for bankruptcy, you are still required to qualify which chapter you are eligible for. The most common form of bankruptcy is...
Realizing that you need to file for bankruptcy isn't easy. People often deny the seriousness of their financial situation until something extreme happens. Receiving notice of a pending lawsuit or a foreclosure letter from your mortgage provider can spur you into...
Sitting at your desk, you look at a pile of bills that you can’t afford to pay. You’re only 20, you have a low-paying job and your debt is overwhelming. This isn’t unusual, and you’re not alone in this challenging situation. It’s possible for someone as young as 18 to...
