Discharge of Debt in Bankruptcy The discharge of debt is one of the main reasons people file for bankruptcy. In Chapter 7, filers receive a discharge from the court that says they are no longer legally obligated to pay the debt. The same happens in Chapter 13 after the bankruptcy payment plan is completed. Discharge […]
Have you fallen behind on your debt obligations? Are calls from debt collectors a daily occurrence in your life? You aren’t alone. Many people deal with ongoing calls and letters from debt collectors every day. And unless you find a way to pay the debt, negotiate a settlement, or file for bankruptcy, those actions are […]
Eliminating Financial Problems through Bankruptcy can be a Path to a Brighter Future Bankruptcy is one of the most useful tools provided to those living in the United States to help with financial challenges. It’s available to most people who are struggling with debt and can be the best option to help them get back […]
Credit Report Errors After Bankruptcy You’ve reached the end of the bankruptcy process, your debts have been discharged, and you’re excited about what your financial future holds. And then you hit a snag: a debt you thought was discharged is still showing up on your credit. What should you do? First, realize this is why […]
Filing Bankruptcy is Necessary under some Circumstances Financial trouble is one of the worst stressors you can face in life. The good news is there are options available to help you get a handle on things and create hope for the future when it comes to your money. Bankruptcy is one of the most powerful […]
What is Debt Settlement? Debt settlement can seem like a very appealing option when you are struggling to meet your financial obligations. It’s not as drastic as bankruptcy and it lets you off the hook for the insurmountable amount you owe. It’s as if it’s too good to be true. And this is because it […]
What’s Better for Your Situation Chapter 7 and Chapter 13 bankruptcy are quite different. How do you know which chapter of bankruptcy is better for you? For many people, there won’t be a choice. They’ll qualify for whichever type of bankruptcy is the better option for them and proceed with little to no choice in […]
Bankruptcy Automatic Stay The automatic stay is what pushes many people into filing for bankruptcy. They might be headed in that direction anyway and filing is imminent, but it’s the benefit of stopping creditors from collection actions, at least temporarily, that pushes them over the hump of filing. Unfortunately, for all the automatic stay can […]
Protecting a Home in Chapter 13 Bankruptcy Protecting a home is one of the primary reasons people file for Chapter 13 bankruptcy. After all, if you are going to give up the opportunity to discharge your debts in just a few months versus committing to a repayment plan over several years, you’d need a decent […]
Transferring or Selling Assets before Bankruptcy There are plenty of ways someone dealing with financial problems can make money and yard sales and rummages are one of the most popular. After all, what better way to earn some cash than to sell items around your home you no longer want or need? But is this […]
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