When you’ve gotten in over your head with credit cards or medical bills are piling up, you may think that filing for bankruptcy is your only way out. Bankruptcy is meant to be a last-resort option but there are certain situations when filing may be your best bet. Here are 4 signs to help decide …
Both individuals and businesses can benefit from filing for bankruptcy when they are unable to repay their debts and are in need of debt relief. There are different kinds of bankruptcy, and each has its own set of procedures. While this may seem overwhelming, a bankruptcy attorney can help simplify the process. Experience Bankruptcy law …
Not all debt is created equal. Good debt is often used as a tool for building or growing personal wealth. Taking on good debt is generally considered a worthwhile investment as long as interest rates are low and there is long-term income potential. But, you need to be sure you can afford the payments and …
Filing bankruptcy and erasing your debts gives you the opportunity to start over and rebuild your financial life. The problem, however, that most people have after their debt has been discharged is figuring out how to successfully remain debt-free. To Remain Debt-Free, You’ll Need to Commit to a Financially Healthy Lifestyle. This means: Examining the …
While this may seem counter-initiative coming from a bankruptcy attorney, there are times when it’s actually in your best interest to wait or delay filing for bankruptcy. Knowing these situations beforehand helps you understand how to better time your filing and ensure the best possible outcome. When You Should Delay Filing for Bankruptcy If you …
When is the Best Time to File for Bankruptcy? – Part II Read More »
Many of my clients wonder when the best time is for them to file for bankruptcy. Fortunately, it’s fairly easy to understand when you should file immediately for bankruptcy and when it makes more sense to wait. Knowing these situations beforehand helps you understand how to wisely time your filing and ensure the best possible …
When is the Best Time to File for Bankruptcy? – Part I Read More »
For many of us, especially if we reside in suburban or rural areas, living without our cars is not an option. The same holds true for my clients, who often worry about what will happen to their vehicles and the like after declaring bankruptcy. Fortunately, almost all states provide some type of motor vehicle exemption, …
Filing bankruptcy may be a good option for getting rid of medical debt. It also offers protection against wage garnishment, lawsuits and creditor harassment. Here’s how medical debt is handled in bankruptcy. You have two options when it comes to filing for bankruptcy: Chapter 7 and Chapter 13. Chapter 7 Bankruptcy and Medical Debt If …
It is hard to tell your children that you are going bankrupt, but there are ways that you can help them and yourself to make this process easier. Being able to go on with your life as smoothly as possible when filing for bankruptcy will help you transition your family and prepare them for life …
Bankruptcy With Children: Tips to Help You and Your Loved Ones Along the Way Read More »
Your bills have been piling up and you can’t get caught up. You are struggling to make ends meet while keeping food on the table for your family and gas in your car to get to work. One day, you come home to find a notice in the mail from your mortgage lender. Your heart …
Hundreds of thousands of Americans, including consumers and business owners, file for bankruptcy each year. While many think this situation is the result of overspending, most cases are due to financial hardship such as job loss, costly medical bills, divorce, or a poor economy.
