Filing For Chapter 7 Bankruptcy? Don't Make These Mistakes
27 May 2020
If you have decided to use bankruptcy to get yourself out of a tough financial situation, know that you only have one chance to do it right. Don't make these mistakes when using Chapter 7 bankruptcy.
Forgetting To List All Creditors
All debts and creditors must be listed on your bankruptcy petition in order for your debts to be discharged. If you accidentally leave a debt or creditor off of that petition, you will still be responsible for paying it back after your bankruptcy is finalized.
How Deep Should Your Debt Load Be Before You File Chapter 7?
4 May 2019
Everyone goes through difficult times when it comes to paying bills. Unexpected medical bills or a car repair leaves even the best-prepared people in a tight spot. Unfortunately, those unexpected bills can cause a domino effect on your financial situation and lead to a month-to-month financial meltdown. If you have considered the bankruptcy question, you are not alone. Many people wonder how much debt they can take on before they declare a chapter 7 bankruptcy.
Faltering Financially And Considering Bankruptcy? Helpful Advice You Need Now
20 February 2019
Financial stress is known to be one of the leading causes of relationship problems, as well as a potential contributing factor for depression and substance abuse problems for many Americans today. Filing for protection in bankruptcy court is a legal option available to individuals, couples, and businesses, who find themselves burdened with debts they are unable to pay.
At first glance, bankruptcy protection can seem like the ultimate solution for those who have grown weary of struggling to pay off debt, but there are some important facts about bankruptcy that must also be considered before taking this type of serious legal action.
Three Things You Should Know About How Bankruptcy Relates To A Foreclosure
29 December 2018
If you have fallen behind in your mortgage payments and believe your home will be going into foreclosure or it is already in foreclosure, you may think that a bankruptcy is your salvation. But people have misconceptions regarding what a bankruptcy can do in a foreclosure. The following are a few things you should know.
It will stop the foreclosure
Although most people understand this, what is not as well known is that the halt to a foreclosure is only temporary.