One of the things that make people go crazy during bankruptcy is their income tax debts. However, if you have a bankruptcy lawyer by your side, you will be able to make the entire process a lot smoother for yourself. Declaring bankruptcy means that you are unable to pay the… read more →
When you are unable to pay your debts in the given time period, you start to get threatening calls, emails, and letters from creditors. This action from a creditor’s end is termed as harassment and there are strict laws against it. Victims of creditors’ harassment are often protected under the… read more →
Bankruptcy consultations can give chills to anyone who is not aware of the process and questions. However, a bankruptcy consultation is for your betterment and helps you pick the right option. Before you set up a consultation with your bankruptcy lawyer, make sure you have a checklist of questions that… read more →
If you want to file for either chapter 7 or chapter 13 bankruptcy this means completing the means test, and there are some things that you need to know before you file. The means test has been a bankruptcy requirement for more than a decade, and it is still a… read more →
While each individual case is different and no two situations are identical, you may want to consider bankruptcy before traveling down the path of debt consolidation. There is nothing inherently wrong with debt consolidation, but it is often a process that drags on for years. Bankruptcy, while having an effect… read more →
Filing Chapter 13 bankruptcy can help consolidate loan debt, but there are caveats. Where student loan debt is concerned, loans can only be discharged or significantly reduced if a person can demonstrate undue hardship. But what exactly is undue hardship and how can you prove it? What is Undue Hardship?… read more →
While nobody wants to enter into a situation in which they are forced to file for bankruptcy, it can be a liberating option for those stuck in financial woes with no other way out. One form of bankruptcy is known as Chapter 7 and has been helpful for many individuals… read more →
While many people in financial distress think of debt consolidation as the way to go, there is also the option of setting up a repayment plan under Chapter 13 bankruptcy. While it can be a good option for many, make sure you understand how it works before proceeding. Read on… read more →
Most everyone knows that going into debt is a bad thing. In today’s reality, going into debt can cause some serious repercussions. There are dangers that arise from not dealing with debt. Below are listed a few of the consequences of not handling your debt. Bad Credit If you neglect… read more →
The term bankruptcy is daunting, conjuring fears of poverty and financial ruin. In reality, bankruptcy can help in a time of great need for you, your family, or your business. By filing for bankruptcy, a person can liquidate their assets to repay creditors or enter into a repayment plan. There… read more →
