Do You Have To Give Back Your Vehicle In A Bankruptcy?

When you file for bankruptcy, there is a lot of confusion and possibly some anxiety about whether or not you lose all of your assets in the bankruptcy. This can be a scary thought, as you may be looking at losing your home and your vehicles. The last thing you want is to be homeless and unable to get back and forth to work when you are already at rock bottom in your finances.   Read More...

Bankruptcy In Retirement — Some Pros And Cons

Are you a senior who struggles with debt? If so, you may wonder if bankruptcy protection is the right choice or not. How can you decide? Here are a few pros and cons for older debtors considering bankruptcy. Pros of Late-Life Bankruptcy Certainly, one of the biggest reasons to declare bankruptcy as a senior is to reduce your expenses and make retirement funds last longer. Going through your retirement funds too quickly or outspending pensions and Social Security checks is stressful and financially devastating.   Read More...

What You Should Know About Chapter 13 Bankruptcy

A Chapter 13 bankruptcy is known as a wage earner's plan. With this chapter, you are supposed to propose a repayment plan that you will commit to for 3-5 years. During this period, creditors are forbidden from engaging in any collection efforts. It is essential to hire a bankruptcy attorney to help you file for bankruptcy. Here are some of the steps involved in filing a chapter 13 bankruptcy. Credit Counseling   Read More...

What To Expect With A Chapter 13 Bankruptcy Case

If you are experiencing problems paying your bills and are on the verge of losing your home, you might want to evaluate Chapter 13 bankruptcy. This branch helps people when facing these types of situations and can help you, too. As you begin searching to learn more about Chapter 13, you might have questions about what to expect. You can talk to a lawyer about these questions, but here are several things you should always expect with a Chapter 13 bankruptcy case.   Read More...

Do You Receive Debt Forgiveness In Chapter 13?

There are some big differences between Chapter 7 bankruptcy and Chapter 13, and one of the differences involves debt forgiveness. Filing Chapter 7 typically offers more debt forgiveness; however, there are situations in which people do not qualify for this option. If you do not quality and decide to use Chapter 13, here are several things you should understand about the repayment of debts as well as debt forgiveness. There are certain debts you must repay in full   Read More...