Category: Bankruptcy Alternatives Archive
Stop RV Repossession by Filing for Bankruptcy
Justin Harelik
June 23, 2015
Is it possible to prevent the bank from repossessing a recreational vehicle (RV) by filing for bankruptcy? Filing for Chapter 7 bankruptcy makes it possible to save your home, but can it do the same thing for an individual or family who uses their RV as their primary residence? Can ...
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Does it Make Sense to File Bankruptcy Due to Identity Theft?
Justin Harelik
June 10, 2015
In many instances of identity theft, the victims aren’t aware there is a problem for months or even years after the problem starts. The longer the problem goes on unchecked, the more severe the consequences can get. Many victims find themselves with frozen bank accounts, drastically increased interest rates on ...
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Filing Bankruptcy Without Involving Your Spouse
Justin Harelik
June 4, 2015
In some instances, it makes sense for individuals to file bankruptcy as a couple. In other situations, it makes more sense to have one spouse filing for bankruptcy. Luckily, bankruptcy law allows spouses to file bankruptcy separately, but it’s impossible to keep a spouse completely “out” of the bankruptcy proceedings. ...
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Credit Cards and Bankruptcy – “Saving” Cards from Bankruptcy Discharge
Justin Harelik
June 3, 2015
Many southern California bankruptcy experts would argue that the single most important thing you need to do when considering filing for bankruptcy is STOP using your credit cards. The worst thing you can do for a potential bankruptcy case is to give the appearance that you are “running up” your ...
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Bankruptcy and Home Loans: What’s the Best Way to Save Your Home?
Justin Harelik
June 2, 2015
While divorce and separation are often caused by financial trouble, they can also lead to financial trouble. For instance, who keeps the house? Who makes the payments on the house? Who benefits from all the payments already made on the house during the years the marriage was intact? What happens ...
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Student Loan Debt Leading to Bankruptcy
Justin Harelik
May 4, 2015
Many college students end up with major debt when they step out of their commencement ceremonies. Out-of-control student loan debt is a major problem with rising tuition costs. Many parents of college students are even taking out parent loans to pay for their children’s college education. As an experienced southern ...
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Medical Bankruptcy: Is There a Way to Declare Bankruptcy for Medical Bills Exclusively?
Justin Harelik
April 27, 2015
If you find yourself drowning in medical bills without the money to clear the debt, you might be wondering if there’s such a thing as medical bankruptcy; a way to declare bankruptcy for medical bills exclusively. You wouldn’t be alone. In today’s world of soaring medical costs, drastically increased life ...
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Should I Declare Business Bankruptcy or Just Try to Pay Off the Remaining Debt Personally?
Justin Harelik
April 6, 2015
Starting up a business is a risk. Sometimes business is good, and sometimes it’s slow. Then there are the times when there’s no profit at all. If you’ve been left with a business with debts close to or equal to its assets, you might be having difficulty deciding if bankruptcy ...
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How to Reestablish Credit with No Disposable Income
Justin Harelik
April 1, 2015
There are those who talk about the increased strictures that been put in place on credit in today’s market, but even after it became a lot “harder” to get credit…it’s still pretty easy. There are always companies willing to offer credit opportunities, even to those with little to no income. ...
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Bankruptcy and Credit Counseling: The Worst Case Scenario
Justin Harelik
March 31, 2015
Sometimes it is comforting to approach a situation knowing the worst-case scenario. When discussing bankruptcy and credit counseling options, the first step towards understanding the worst-case scenario is to consider both the advantages and disadvantages. If you’ve already taken the time to run through some of the many articles available to ...
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