Bankruptcy Advice
Do I Need to Liquidate All My Assets in Chapter 7 Bankruptcy?
Good question. Chapter 7 bankruptcy is designed to decrease debt by liquidating assets to pay off creditors. In reality, though, you have some options and exemptions which ensure that you aren’t left with nothing. Chapter 7 bankruptcy works by selling…
Can You File for Divorce & Bankruptcy at the Same Time?
Are you in financial jeopardy at the same time that your marriage has run its course? If so, you might be wondering whether it’s possible to pursue a divorce and a bankruptcy at the same time. Here’s what you need…
What to Expect at the Meeting of Creditors
One of the first steps in the Chapter 7 bankruptcy process is a meeting of the creditors, also known as a 341 hearing. This is the first important meeting with your lawyer, trustee, and creditors which will be held to…
8 Recommendations for Surviving Chapter 13 Bankruptcy
If you are considering Chapter 13 bankruptcy, you probably have a lot of questions and concerns. In reality, for those who are committed to success, declaring bankruptcy can be the first step in the right direction. Chapter 13 bankruptcy is…
What to Do if a Creditor or Debt Collector Sues Me
When you owe a debt and you aren’t able to make the required payments, creditors will begin taking action to collect. In the beginning, they may simply send letters or call your home. As time goes on, however, creditors may…
Can Filing Bankruptcy Stop a Foreclosure?
You might have found yourself in an unfortunate situation where you think your house will be foreclosed on in the near future. You probably even considered bankruptcy because you just can’t seem to find your way out of the financial…
Bankruptcy or Debt Relief – Which is Right for You
Should I file for bankruptcy? Or do I need debt relief? If you’ve asked yourself these questions and you’re not sure what to do, don’t worry. We’re here to help you with this decision. Learn the differences between bankruptcy and…
Top 10 Mistakes People Make Filing Bankruptcy
Bankruptcy is a serious matter and no matter how handled it can have a lasting impact on your life for years to come. If handled properly that impact can be positive, but if not handled correctly the impact can make…