Many people are struggling to overcome substantial debt. When they finally decide that bankruptcy is their best solution, they often need guidance in choosing between a Chapter 7 and a Chapter 13 bankruptcy. Unless you have already gone through bankruptcy, you may...
Bankruptcy
What role can you have in your bankruptcy?
Bankruptcy provides an effective way for people to overcome debt. It allows you to get a handle on your financial issues and make a fresh start. A successful bankruptcy may eliminate many kinds of debt like medical bills and credit card debt. One of the most...
Getting ready to file for bankruptcy? Here’s what to expect
You’ve already made the difficult decision to file for bankruptcy. You know it’s the right move for your circumstances. It won’t be long before you make your way to a bankruptcy attorney’s door for help filing. But what comes after you file bankruptcy? What can you...
What is the difference between bankruptcy and reorganization?
The financial world has plenty of its own jargon, as does the legal world. It is altogether too easy for people to misunderstand or conflate different legal terms or financial systems. If you have recently encountered financial hardship because of debt that you can't...
Do you have to leave immediately if you get a foreclosure notice?
The bank has to send you a foreclosure notice before taking your home. This is not something that should ever happen without your involvement, nor should it take you by surprise. But when that notice comes, what does it mean for your immediate future? Is the bank...
You have a say in the details of your Chapter 13 repayment plan
By this point in your journey to overcome debt, you probably already know the difference between a Chapter 7 and a Chapter 13 bankruptcy. Under the laws governing Chapter 13 filings, you must submit a plan to repay your debts. Many people believe they have no role in...
Medical bills are the leading cause of bankruptcy
Those who have never declared bankruptcy often assume that it only happens because of irresponsible spending habits. They imagine people running up charges on their credit cards that far exceed what they’re going to make during the week. In general, this is not true....
The benefit of reorganizing debt
The general idea behind Chapter 13 bankruptcy is that you can reorganize your debt into a new repayment plan. This new organization of the money you owe helps you pay it off over time, though you do have set payments that you have to make on a set schedule. If you’re...
Don’t let your holiday spending lead you toward bankruptcy
Even if you know you’re tight on money, there’s something about the holiday season that’ll have you stretching your budget and hoping for the best once the calendar turns. Unfortunately, if you let your holiday spending get out of control, it’ll lead you down a dark...
Don’t let myths about bankruptcy make you avoid the help you need
Would bankruptcy help you? Would you be better off if you eliminated your debt with Chapter 7 or if you reorganized it with Chapter 13? Do you long to change your financial future, and do you think that bankruptcy is the best way to do it? And, if so, why haven’t you...