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Statistics show a large burden of credit card debt among Americans that could possibly be removed with Chapter 7 bankruptcies. For many families, credit cards provide an important safety net in case of an emergency such as a medical need or a period of unemployment,...
Before filing for bankruptcy, make sure you are getting enough debt relief to justify the black mark on your credit report. Bankruptcy brings many benefits to individuals facing overwhelming debt. However, it does have one major drawback, namely a significant and...
The amount of property you can keep depends on its value and the type of bankruptcy filed. “Can I keep my stuff?” is a very common question that bankruptcy attorneys hear from potential clients who may be excited about the prospect of debt relief but less excited...
Learn what protections are enacted when you file for bankruptcy. While the main benefit of filing for bankruptcy is of course debt relief, the process does also bring some side benefits. One of the biggest is the automatic stay, which is basically a temporary cease...
Filing for Chapter 7 or Chapter 13 bankruptcy isn’t free but you may be able to get your fees waived. Bankruptcy is designed to help you get out of dire financial straits caused by overwhelming debt, but just like it “takes money to make money” it takes money to save...