Bankruptcy can serve as a quick and effective solution to aggressive collection activity. Creditors have to stop calling you all the time and dismiss any pending lawsuits against you. You can protect your property from repossession or foreclosure after it's as well...
Bankruptcy
How does filing for bankruptcy affect someone’s credit?
One of the primary reasons why consumers hesitate to file for bankruptcy is that they worry about what taking this step will do to their credit. This concern isn’t without merit. Filing for bankruptcy does temporarily affect an individual’s credit history and credit...
Can filing for bankruptcy benefit your mental health?
It's no secret that an overwhelming financial burden can have a negative effect on mental health. While the decision to file for bankruptcy can be stressful, there are potential benefits you may not have considered. What are some ways filing for bankruptcy can help...
3 debts you can include in your Chapter 13 repayment plan
Filing for bankruptcy is a serious financial step, but you may consider it if you’re struggling with debt. By filing for Chapter 13 bankruptcy, you will be able to restructure overwhelming debts by setting up a repayment plan. Below are the kinds of debts you can...
What is the automatic stay in bankruptcy?
People often try to avoid answering the phone or checking the mail when they have creditors hounding them for money. Those interactions with a creditor can make a nice day turn sour quickly, especially if you know that you can’t afford to pay them anything. One...
3 steps to protect yourself when worried about vehicle repossession
Financing a vehicle purchase can be a common-sense choice. It is a fast way of making a purchase when you need a vehicle. You don't have to spend months saving or restrict yourself to the low-quality vehicles that you can afford with the cash that you have on hand....
3 common mistakes made when filing for bankruptcy
Filing for bankruptcy can provide you with the fresh start you need by discharging some of your debt. Without financial obligations holding you back, you can reorganize your finances and bounce back from your current situation. However, there are certain mistakes you...
What is the repayment plan requirement in Chapter 13 bankruptcy?
Bankruptcy helps stop collection activity and can help people eliminate some of the debts that prevent them from balancing their household budgets. Chapter 13 bankruptcy is a valuable option for those who earn a decent wage or who have substantial personal property....
What happens to my PayPal account when I file for bankruptcy?
These days, almost everybody has some method for sending or receiving money online – and PayPal has long been one of the most popular. A lot of people use their PayPal accounts for small transactions with friends and family and as a way to buy or sell things on sites...
Can bankruptcy wipe out tax debts?
Some people believe it’s possible to discharge tax debt by filing bankruptcy. While taxes may be discharged, you must meet specific requirements. Sometimes, income tax debts are eligible for discharge by filing Chapter 7 or 13 bankruptcy. It depends on how old the...