• Considerations To Make Before Deciding To Declare Bankruptcy

    When you're feeling in over your head when it comes to debt, it's easy to feel like there's no way out other than bankruptcy. But making the snap judgement to declare bankruptcy is not usually a smart move. Although there are certain financial situations that are best solved by bankruptcy, there are just as many situations that should be dealt with in other ways. It's important to spend time thinking deeply about bankruptcy and whether it's truly right for you. [Read More]

  • Steps To Take If Your Child Is Injured While Playing In A Bounce House

    Almost everyone can recognize a bounce house—they are often found at fairs, community festivals, and family events, and celebrations. While bounce houses are very fun for kids to play in, they can also pose a significant safety risk. Many children each year are injured in bounce houses, some seriously; while injuries to arms and legs are most common, children can also suffer serious neck injuries as well as traumatic brain injuries. [Read More]

  • Understanding The Bankruptcy Means Test

    Bankruptcy provides a unique opportunity to turn your financial picture around and start fresh. There is really nothing like the feeling of relief and hope that come with a chapter 7 filing, and anyone can get these benefit as long as they qualify to file. One of the main sticking points with filing for chapter 7 is the means test. Read on for what you need to know about this important bankruptcy issue. [Read More]

  • How To Decide If You Need Debt Consolidation Or Bankruptcy

    If you have been struggling with your bills, you might find yourself starting to wonder if there is a way you can get some help getting out from underneath the debt that is piling on top of you. For many people, debt consolidation and bankruptcy are two good choices. However, if you are in a position where you do not know which route you should take, you will want to keep reading. [Read More]

  • What's Happening? Understanding The Bankruptcy Process

    One of the best parts of a chapter 7 bankruptcy plan is the reliability of the process and the relative expediency of it all. Unlike a chapter 13 bankruptcy filing, which is really more of a debt reorganization plan, a chapter 7 filing could be completely done in as little as a few months. For a heads up on how the process works in most cases, read on. 1. Get your paperwork together: Your bankruptcy attorney will need a lot of documentation from you, so get ready to rifle through your files and compile some information. [Read More]

  • Tips For Dealing With Creditors During Your Bankruptcy

    Have you been dealing with unsettling communication from creditors asking for their money? Bankruptcy is one way you can stop this from happening, but it doesn't happen instantly. It is important to know how to deal with creditors during the entire bankruptcy process. Before Filing You might have started the bankruptcy process by hiring an attorney but have not yet filed the official paperwork for bankruptcy. This phase is known as pre-filing, and creditors are still allowed to reach out to you about collecting the debt that you owe until you file. [Read More]

  • The Burden Of Medical Debts: How Chapter 7 Or 13 Bankruptcy May Help Relieve You Of Your Debts

    A common misconception is that poor spending habits and maxed out credit card bills are the biggest cause of bankruptcy in the U.S. Unfortunately, the truth is much more sobering. Studies have shown that medical bills are actually the most common cause of bankruptcy in the U.S. with over 2 million Americans affected in 2013 alone. The cost for medical care in the U.S. is notorious for being expensive, and at times unaffordable, with an ambulance ride of only 200 feet costing as much as $3,421. [Read More]

  • 4 Things You Should Do Before Filing Bankruptcy

    Filing for bankruptcy requires careful planning. And believe it or not, decisions you make and actions you take right beforehand could impact your case. To ensure you give yourself the best possible chance for a good outcome, here are four things you must do before making a final decision. Take the Means Test Federal laws work to not only protect you but also to prevent those who make a lot of money from filing bankruptcy. [Read More]

  • 2 Facts To Understand Before Filing For Chapter 7 Bankruptcy

    If you have a significant amount of credit card and overdue bill debt that you simply cannot pay off, then it may be in your best interest to file for Chapter 7 bankruptcy. Chapter 7 bankruptcy involves the liquidation or selling of property. Once property is sold off, the proceeds are divided up amongst the various debtors you owe money to. The bankruptcy process can be long, complicated, and confusing. This is why many people hire bankruptcy attorneys. [Read More]

  • When Can Chapter 13 Bankruptcy Cases Be Modified?

    When you enter into a Chapter 13 bankruptcy, you will be placed on a repayment plan. This plan will stay in place for a predetermined amount of time, and you will be required to make the payments specified in the original arrangement. While this plan normally doesn't change, there are exceptions to the rule. If your circumstances change significantly, the trustee handling the case may decide to modify the plan, and here are three changes that could lead to this. [Read More]