When people decide to file for bankruptcy, most of them will experience at least one or two challenges during the process; however, some may experience even more than this. Experiencing challenges during this process is normal and expected, and your lawyer will be there to help you learn what these challenges will be and how to get through them. Here are some common challenges people face when filing for bankruptcy. Read More...
Homes are more than just bricks and sticks, and when financial conditions prompt a bankruptcy consideration, it can create fear. A chapter 7 bankruptcy filing puts all of your property at risk including your home, but you should never allow fears of a home loss to prevent you from taking a closer look at what a chapter 7 could do for you. Read on to learn how to determine the likelihood of losing your home through bankruptcy. Read More...
If you fear that you need to file for bankruptcy, it's important to consult with a bankruptcy attorney or another financial professional. You may not need to file for bankruptcy; some people are able to consolidate their debts.
What Is Debt Consolidation?
If this is your first small business, one thing you may be overwhelmed with is multiple debts with different balances and interest rates. With consolidation, instead of paying each debt off separately, you will combine the debts into one monthly payment. Read More...
Filing bankruptcy can be stressful and embarrassing, but adding a bankruptcy hearing to the mix can make many people even more nervous. If you are filing for bankruptcy or considering filing for bankruptcy, you may need to attend a formal hearing before your debts can be cleared. Check out these facts to help you prepare for your Chapter 7 bankruptcy hearing.
The Hearing Is More Casual Than Court Hearings
The bankruptcy hearing has many rules and regulations you must follow, but it is much less formal than a real court hearing. Read More...
Are you hoping that bankruptcy will wipe away all of your past debts? That is not always the case. Here are some debts you could still be stuck with, even after a bankruptcy is finalized.
Child Support
Do you currently owe child support from a previous marriage? This debt won't just go away with a bankruptcy. In fact, this is a court-imposed financial responsibility, and you will still be obligated to pay all missed payments. Read More...