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Use this personal bankruptcy decision tree to help figure out which type of bankruptcy might be right for you. If you’re in tough financial circumstances right now, you’re not alone. Many Americans have been down this same path, and a lot of them have used personal...
Don’t let misinformation keep you from enjoying the benefits of bankruptcy. If you’re struggling with ballooning debts, you really should take the time to explore all your options for getting your finances back on track. This includes bankruptcy! All too often, people...
Filing for bankruptcy can help many debtors halt a foreclosure or other legal action against them. When faced with overwhelming debt, at some point you may end up defaulting even on your most important debts. Typically the unsecured debts like credit card debts and...
If you’re struggling financially, you may be forced to take steps now that will make a bankruptcy likely in the future. While most experts agree that the economy is recovering at a decent clip since the recession of 2009, the road to recovery has been a long and hard...
Chapter 7 bankruptcy offers relief for many individuals being harassed by debt collectors. According to a study recently released by the Urban Institute, over 35 percent of Americans have at least one account that has been sold to a debt collection agency due to...
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...