If you are struggling financially and considering bankruptcy, one of your concerns may be losing your home or other property, such as a vehicle. You generally have two types of bankruptcy available to you: Chapter 7 and Chapter 13. Chapter 7 bankruptcy dismisses all...
Debt obligations can pile up and tremendously affect an individual or business's financial stability, often leading to the consideration of bankruptcy as a solution. However, there are instances where bankruptcy applications are denied. If you are considering filing...
Bankruptcy is a sensitive topic and it is a subject area that is filled with stigma and misconceptions. One common misconception is that bankruptcy is always the result of reckless spending. While reckless spending can be a cause, this is not usually the driving...
A lot of people look forward to receiving their tax returns each year because that sudden influx of cash makes it easier to pay for necessities and maybe a few extras. What happens to your tax return, however, if you know you plan to file for Chapter 7 bankruptcy...
Successfully navigating the ins and outs of bankruptcy law in the United States requires some understanding of the different chapters under which individuals and businesses can file. Two of the most commonly utilized chapters for individuals are Chapter 7 and Chapter...
Filing for Chapter 7 bankruptcy in Alabama offers individuals a pathway to discharge most kinds of unsecured debts, potentially providing a fresh start from overwhelming financial burdens. Understanding the specifics of Chapter 7 bankruptcy is crucial for Alabama...
Debt is a financial obligation that must be paid from a debtor to a creditor. Credit cards, medical bills, late fees and loans are all ways people may accumulate debt. Debt can cause many people to suffer financially. Because debt isn’t easy to recover from, many...
Once you have made the decision to file for bankruptcy, you might feel a huge sense of relief. You can now make a fresh start and move forward with a clean slate. Preparing for your bankruptcy involves many different steps, such as reviewing your credit reports and...
When you declare Chapter 7 bankruptcy, you don't need to file a plan to repay your debt. With this type of bankruptcy, you will be assigned a trustee and that trustee will sell your assets that are not exempt and use the money to pay your creditors. Under the U.S....
Whether it is due to an unfortunate life event, such as a job loss or serious illness or injury, dealing with debt is not easy. It can feel overwhelming and stressful to navigate money problems, especially when you are doing everything in your power to avoid...
