Many people facing foreclosure wonder if filing for bankruptcy will help them avoid the loss of their homes. While filing for bankruptcy may delay or even stop foreclosure in some cases, realize that filing for bankruptcy does not guarantee protection from foreclosure. Here’s what you need to know about bankruptcy and foreclosure. How Can Bankruptcy […]
People file for bankruptcy for a variety of reasons. It’s an important decision to make and one that should not be taken lightly. Before deciding on this financial course of action, it’s important to understand what causes someone to file for bankruptcy in the first place. What causes someone to file bankruptcy? Medical Expenses Medical […]
Do you know the answer to these bankruptcy FAQs? Bankruptcy isn’t right for everyone. Some people are better off exploring other debt management options. But there are plenty of people for whom bankruptcy truly is the best decision. If you are considering filing for bankruptcy, you might be overwhelmed by the process and have many […]
For some couples, filing for bankruptcy is the best way to get out from under crippling debt. But what if only one spouse caused the debt? Do both spouses have to file for bankruptcy? The answer depends on a variety of factors. For example, what type of debt are you dealing with? Do you live […]
Bankruptcy is a legal solution for people struggling with unmanageable debt. It can be a difficult decision to make. In part, this is because many people are unsure of the consequences of filing for bankruptcy. Many ask “will bankruptcy ruin my life?” Chances are this isn’t the case. Here’s what you need to know. What […]
Are you considering bankruptcy? Do you have concerns about your assets? Can bankruptcy take your inheritance? Here’s what you need to know: Bankruptcy Exemptions The first thing to understand is that each state has a list of exemptions in bankruptcy. Not every state treats inheritance money the same. It’s important to understand the laws in […]
Bankruptcy is a difficult decision. However, it can be necessary if you are struggling with debt. This is true whether you need to file once or multiple times. Unfortunately, there is a common misconception that declaring bankruptcy more than once comes with serious legal consequences. Some people believe you can go to jail for filing […]
Filing for bankruptcy is an intimidating prospect. Unemployment adds another layer of complexity to the situation. Can you file for bankruptcy if you don’t have a job? To answer this question, let’s look at how filing for bankruptcy works and what other options may be available. The Basics of Bankruptcy Bankruptcy is a legal process […]
When a debtor files for bankruptcy, the court discharges the majority of their debt. This means that the creditors must write off the unpaid debt as a loss and move on. The creditors will no longer be able to attempt to collect any form of payment from the debtor. Depending on the type of bankruptcy […]
If you are considering filing for bankruptcy, one of the biggest questions you may have is whether or not you will need to appear in court. The answer, in most cases, is no. While there are some instances where it may be necessary to go to court, in many cases the entire process occurs without […]
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