Author: Justin Harelik Archive
Can Declaring Bankruptcy Stop Foreclosure?
Many people are aware of the possibility of stopping a foreclosure by declaring bankruptcy, but of those…a high percentage delay acting because they assume it’s an urban myth. In some ways, it is a myth because the reality of bankruptcy is a lot different than may be expected when approaching as ...
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When is the Right Time to File for Bankruptcy?
When should you file for bankruptcy? Obviously the time to file is when it’s necessary due to financial crisis, but once you have decided that your situation warrants bankruptcy, when should you file? Is there a best time to start the proceedings? Depending upon the time you file, you could ...
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Your Bankruptcy Timeline
One of the most common questions regarding bankruptcy is one of the simplest: what is going to happen? That’s why we find it so helpful to make sure that everyone even considering filing knows each and every step that can be expected along the way. Here is your timeline of ...
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Only You Have to File for Bankruptcy, Right?
Do you ever feel like you are the only one that is being forced into filing bankruptcy? Do you wonder how everyone else somehow keeps it together, makes ends meet, has all they need and successfully navigates their finances? How is that you are the only person who has to ...
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Americans Overspending Our Way to Bankruptcy
One of the main reasons Americans file for bankruptcy is revolving debt. Why do so many of us find ourselves drowning in debt? The answer seems very simple: overspending. If you find yourself upset by your own stack of credit card bills and loan payment receipts, consider how you got ...
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Filing for Bankruptcy and Divorce: Time it Right
Bankruptcy and divorce are quite the pair. They often follow each other around like newlyweds. If you are contemplating filing for both bankruptcy and divorce, be aware that the timing needs to be right. Bankruptcy and Divorce: Which Should Come First? Generally speaking, bankruptcy takes precedence over any divorce proceedings. ...
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Fear of Bankruptcy
Are you too scared or ashamed to file for bankruptcy? It’s a common problem and it can lead potential filers into even greater financial trouble before they finally have no choice, but to opt for the obvious solution. Stop fearing that bankruptcy may eventually be unavoidable and consider if bankruptcy ...
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The Chapter 13 Story: Is it Yours?
California has felt more than its share of the pinch when it comes to the economic downturn, but it’s not the only region that has suffered. California isn’t the only state to feel all function freeze momentarily as a result of the housing crisis. There are many regions that have ...
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Bankruptcy Alternatives: The Loan Modification
If you are considering filing for bankruptcy, you’ve probably heard of the loan modification. Many assume it is a positive alternative to filing. If you are considering obtaining a loan modification instead of filing for bankruptcy make sure that you discuss the details with an expert before taking action. Potential ...
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Defining Your Bankruptcy Options: Chapter 7, Chapter 11 and Chapter 13
When considering solutions to financial catastrophe, bankruptcy is an obvious choice. Legal professionals can walk individuals in need of bankruptcy advice through the basics and show them the ropes, but it’s best to walk into this type of situation with a basic understanding of the terminology. It helps avoid confusion. ...
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