Understanding a Chapter 7 Bankruptcy Chapter 7 Bankruptcy | If you’re struggling to meet your financial obligations, you might sometimes feel like you’ll never escape your debts, but instead keep sinking deeper and deeper due to interest and fees. In some cases, you may be able to reduce your debt load significantly and get a [...]
How Does Chapter 7 Bankruptcy Affect Lease Agreements If you are struggling with overwhelming debt from credit cards, medical bills, payday loans, utility bills, etc., Chapter 7 bankruptcy may be an excellent option. Using this type of bankruptcy, qualifying individuals can eliminate their unsecured debts (like credit cards) and choose whether to reaffirm or redeem [...]
Bankruptcy Lawyer | Discharging Debt Before Retirement Bankruptcy Lawyer | Unfortunately, many Americans are unprepared for retirement? Are you among them? According to a recent survey from the Employee Benefit Research Institute, almost one third of workers have less than $1,000 in savings, and more than half have less than $25,000. Even more worrisome, many [...]
Chapter 13 Bankruptcy | How to Use Your Credit Card After Bankruptcy Chapter 13 Bankruptcy | According to the latest numbers, American consumers are doing a better job managing their debt now that at any time since the Great Recession of 2008. Bankruptcy filings are at their lowest rate in 7 years, delinquencies are declining, [...]
You may have finally decided it is time to dig yourself out from an overwhelming pile of debt and start over with a bankruptcy attorney. You realize bankruptcy is the best option for you to accomplish this, but for years may have heard that bankruptcy can leave a permanent negative mark on your life and [...]
Chapter 7 Bankruptcy - Pros and Cons There's no question that deciding to declare a Chapter 7 bankruptcy is very difficult. It affects your future credit, your reputation and your self-image. It can also improve your short-term quality of life considerably, as the calls and letters stop. Here is a list of pros and cons to consider [...]
Bankruptcy Lawyer - How a High Income Bankruptcy Works Bankruptcy Lawyer - Many people assume that if their income is relatively high, they cannot file for Chapter 7 bankruptcy. Often this assumption is incorrect. It is not by any means unusual for a “high-income” debtor to file under Chapter 7. In fact, I have successfully represented clients [...]
Common Issues Associated with a Chapter 13 Bankruptcy A Chapter 13 Bankruptcy case, also known as a debt-consolidation bankruptcy, is a lengthy process. The repayment plan a person enters when they start a Chapter 13 can last anywhere from 36 to 60 months. Naturally, a lot can change in a person’s life over the course [...]
A bankruptcy lawyer is a beneficiaries of a tough economy, but their clients, many of whom know little about the process and have scant time to research it, are usually at a loss when it comes to seeking the help of an expert. With creditors closing in and desperation mounting, many people foolishly select a [...]
The Pitfalls of Filing for Chapter 7 Bankruptcy without an Attorney Many people file for Chapter 7 bankruptcy without an attorney. Some represent themselves in bankruptcy because they cannot afford the attorney fees. Others have simple cases, and don’t feel the need to hire an attorney. While filing a successful Chapter 7 bankruptcy on your [...]