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5 Legal Actions that Can Be Stopped by Bankruptcy

by | Sep 17, 2014 | Bankruptcy

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...

6 Signs Bankruptcy May Be in Your Future

by | Aug 11, 2014 | Bankruptcy

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...

Over 35 Percent of Americans Facing Debt Collection

by | Aug 6, 2014 | Bankruptcy

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...

Credit Card Debt Statistics

by | Jul 14, 2014 | Bankruptcy

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,...

When is Bankruptcy Worth the Blow to Your Credit?

by | Jul 9, 2014 | Bankruptcy

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...

Will I Lose My Jewelry if I File For Bankruptcy?

by | Jun 16, 2014 | Bankruptcy

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...

Bankruptcy Fees

by | May 24, 2014 | Bankruptcy

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...

2014 College Graduates the Most Indebted Ever

by | May 20, 2014 | Bankruptcy

Declaring bankruptcy can offer grads a way to free up cash for paying off student loans. According to an analysis of the latest government data, the college class of 2014 is the most indebted ever in terms of student loans. They will probably only hold this title for...

Does Remorse Play a Role in Bankruptcy Decisions?

by | Apr 25, 2014 | Bankruptcy

Study tested whether an apology affected judges’ rulings in a fictional Chapter 13 bankruptcy case Chapter 13 bankruptcy is typically sought by relatively high-income individuals who need some breathing room to help them climb out of overwhelming debt. This type of...