In this day and age, the first place we turn for information is the internet. It’s convenient, free, and easy, but it’s not always the best place to have your questions answered. This is often the case with bankruptcy. Though there’s a great deal of valuable and factual information online concerning bankruptcy and all the […]
Filing for bankruptcy is a scary experience, but within the entire process from start to finish, the 341 Meeting of Creditors is perhaps the most daunting. The idea of coming face to face with people who are trying to collect on a debt is understandably intimidating. How can you make the 341 Meeting of Creditors […]
Bankruptcy offers a variety of benefits. One of the most important is the automatic stay. Bankruptcy’s automatic stay stops bill collectors from pursuing you. It stops all collection efforts, including those related to your home mortgage. The automatic stay continues throughout the entirety of your bankruptcy, so once you file, you will no longer be […]
When you file for bankruptcy you take a risk. You’re risking that the choice you’re making now will improve your financial future. The good news is for most people that risk pays off. They not only take a lot of the pressure off themselves as soon as they file, they also set themselves up for […]
Bankruptcy can free you from financial burdens that have plagued you for years. It can make your life easier and provide a fresh start, financially speaking. It can also help you get back on track and undo any damage that was caused by your own mistakes or by uncontrollable circumstances. Despite all the good that […]
Deciding that bankruptcy is the right solution to help you with your financial struggles is a big commitment. Many people assume that filing for bankruptcy will destroy their life and cost them everything they own, which isn’t the case. Though Chapter 7 bankruptcy might result in the loss of your assets, Chapter 13 bankruptcy allows […]
People have many reasons for not filing for bankruptcy and the majority of them are linked to fear. Fear of friends and family finding out… fear of destroying their credit… fear of losing their homes. They might even fear that any money they earn after bankruptcy will be taken from them and given to their […]
When you file for bankruptcy a trustee is assigned to your case. This person is not there to help you. As a matter of fact, the trustee’s main responsibility is to take money and assets from you and pass it along to your creditors. The more money that is taken for creditors the more the […]
Chapter 13 bankruptcy is a great way to get your financial life back in order without putting your most valuable assets at risk. This type of bankruptcy allows you to remain in your home and exempt other assets, while getting control of your credit problems. You commit to a repayment plan lasting three to five […]
In many cases tax debts are non-dischargeable in a bankruptcy. Running up a tax debt and expecting to not have to pay it by filing for bankruptcy won’t work, so before you do anything that affects what you’ll owe Uncle Sam, make sure you consult with a credit expert or attorney. This is especially true […]
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