• 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]

  • The Tough Road Ahead: 4 Ways To Make Ends Meet When Applying For Disability

    When mental or physical health concerns prevent you from maintaining gainful employment, one of your first concerns is surviving the financial difficulties that occur without employment. There are options that may offer just enough assistance to help you and your family through the rough times. Research Financial Assistance Options If you were the main breadwinner in your home, or your partner does not make enough money to support your household, you may qualify for government assistance. [Read More]