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...
As your finances spiral out of control, it’s critical that you take a step back and consider all your options for getting back on track. It’s not something you want to do, but filing for bankruptcy could be the best way to gain your financial footing and position...
You rely on your legal counsel to help you make important choices during the bankruptcy process. However, the advice your attorney gives you often depends on the particulars of your case. Because of this, it can be important to tell your lawyer as much as possible so...
Most people feel a moral obligation to pay their debts and refuse to consider bankruptcy as an option even when their credit is severely damaged. However, in many cases, the reason people get into financial trouble is beyond their control, such as incurring massive...
If you’ve considered bankruptcy to seek relief from high debts, you may feel unsure about how to file. You don’t want to have to sell all your assets to pay off creditors. You may worry that a court will make you give up all your possessions. However, different types...
I have not met anyone who ever considered filing bankruptcy that had not gotten to that point without first trying to think of any possible option other than filing. That is for several reasons, but one of the main reasons most often stated is that they are worried...
