Sep 11, 2023 | Bankruptcy, Casey Taylor
Filing Bankruptcy on Personal Loans According to data from the credit bureau TransUnion, personal loans are the fastest-growing consumer debt. The credit bureau says from the first quarter of 2017 to the first quarter of 2018 the number of outstanding loans rose from 16.9 million to 19.2 million. They attribute the growth in personal loans …
read more: Filing Bankruptcy on Personal Loans
Aug 14, 2023 | Bankruptcy, Casey Taylor
The prevalence of unsecured debt is on the rise in the United States. This type of debt, which includes credit card debt and medical debt, can have a major impact on one’s financial stability. Several factors contribute to the prevalence of unsecured debt. One is the increasing cost of living. As the cost of necessities …
read more: Eliminating Unsecured Debt in Chapter 7 Bankruptcy
Jul 17, 2023 | Bankruptcy, Casey Taylor
In recent years, the number of families living paycheck to paycheck has risen sharply. For many Americans, this is the new economic reality. More and more families are falling into financial hardship, as the cost of living continues to increase. This can have serious consequences for those who are unable to make ends meet. The …
read more: Paycheck to Paycheck Living on The Rise
Jun 19, 2023 | Bankruptcy, Casey Taylor
In helping clients file for bankruptcy, they often ask the following two questions: If something happens to my car while I am in bankruptcy, can I buy a new one? Will I be able to buy a car after I am out of bankruptcy? These are reasonable concerns. Having reliable transportation can be considered a …
read more: Buying a Car during and after Bankruptcy
Apr 17, 2023 | Bankruptcy, Casey Taylor
Members of the military, current, and veteran, have sacrificed a lot for their country. Unfortunately, economic hardship is often a consequence of those sacrifices. The federal government understands this consequence. Lawmakers have instituted laws to help military members certain debt collection actions. The Servicemembers’ Civil Relief Act (SCRA) provides some protections to active-duty military dealing …
read more: Special Bankruptcy Exceptions for Active and Veteran Military Members
Apr 3, 2023 | Bankruptcy, Casey Taylor
When you are in debt and dealing with creditors, you may hear and see many terms that can confuse you. The terms “property lien” and “judgment lien” are two such terms. While these terms relate to each other, they do not mean the same thing. The distinction between the two terms depends on how a …
read more: What is the Difference between a Property Lien and a Judgment Lien?
Mar 20, 2023 | Bankruptcy, Casey Taylor
Chapter 13 Bankruptcy is known as a reorganization of debt. It helps debtors reorganize their debt and pay them off through a bankruptcy court structured repayment plan. Depending upon a debtor’s financial situation, they could have their unsecured debt (i.e. credit cards and medical bills) paid off and secured debts (i.e. mortgage and car payments) …
read more: 2 Ways Chapter 13 Bankruptcy Could Help You
Jan 16, 2023 | Bankruptcy, Casey Taylor
Ordinarily, a couple with financial problems could simply file bankruptcy and get a financial fresh start. But a couple contemplating divorce should first consider how filing bankruptcy could affect their divorce and vice versa. The timing of filing bankruptcy and divorce affects different aspects and outcomes of each procedure. Here are some ways bankruptcy and …
read more: Bankruptcy and Divorce: How Does One Affect the Other?
Dec 12, 2022 | Bankruptcy, Casey Taylor
Do you receive Social Security Disability (SSDI) benefits and feel by debt? You are not alone. Many of those receiving SSDI benefits find themselves overwhelmed by debt. Have you thought about filing bankruptcy but do not know how filing may affect your benefits? The exact effect bankruptcy will have on your benefits depends on your …
read more: Does Filing Bankruptcy Affect Social Security Benefits
Nov 7, 2022 | Bankruptcy, Casey Taylor
According to the latest statistics, almost 45 million Americans owe an estimated $1.75 trillion in student loans. They took out these loans in good faith to help them pursue a college degree and secure a better future for themselves and their families. However, many have found it increasingly difficult to pay off their student loan …
read more: Can You File Bankruptcy on Student Loans?Brock & Stout can help you with your Bankruptcy, Social Security Disability and Personal Injury claim needs today. Feel free to call our toll free number, contact us online or stop by one of our many office locations. We hope you will give us the opportunity and the privilege to help you and your family.
