Tag: bankruptcy Archive
Saving Your Home with Chapter 13
Many people declaring bankruptcy do so with the intention not only of freeing themselves from overwhelming credit card debt, medical bills, personal loans, etc., but to also free themselves from stifling mortgage payments. If you find yourself unable to handle the complete scope of your finances, but simultaneously unwilling to walk away ...
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Bankruptcy and Your Home
One of the most important questions many have to ask themselves when they file bankruptcy is whether or not they should save their house. It’s safe to assume that most who are reading this are attached to their home – otherwise you wouldn’t be bothering with searching for this particular ...
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Chapter 7 vs. Chapter 11 for Small Businesses
When filing for bankruptcy the first decision that has to be made is what type of bankruptcy will be filed. There are certain qualifications for each and each one has its own pros and cons. Chapter 7 bankruptcy, put simply, is a case of liquidation. It can be described as ...
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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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