I spent 20 years digging myself deeper into debt. However, if I am being completely honest, I never really noticed the hole I was digging. Instead, it seemed one day I woke up and there I was staring at this seemingly insurmountable amount of debt. I wanted nothing more than to purchase a house but I knew I couldn't secure a mortgage. After consulting with a bankruptcy attorney, I decided filing for Chapter 7 bankruptcy was my best option. I knew it would be a long road to financial recovery but I believed I could do it. It has now been nearly seven years since I filed for bankruptcy and today, I finally closed on the purchase of my home. I am starting this site to both honor that accomplishment and help others like me to accomplish this goal in their own life as well.
Posted on: 8 July 2021
Are you ready to ask an expert to help you with your financial issues? If you are drowning in debt and cannot get out yourself, you might want to visit a bankruptcy lawyer. A bankruptcy lawyer can review your financial situation to see what options might work well for you. Chapter 7 is one of the best options for getting out of debt, and here is a breakdown of how it works. [Read More]
Posted on: 23 November 2020
Almost all bankruptcy fillings result in the assignment of a bankruptcy trustee to oversee a filer's case. (In two states, these leadership positions are filled by a bankruptcy administrator with the duties being similar to that of the trustee). Read below to find out more about the role trustees play in bankruptcy proceedings. Scrutinizing Your Filing – One of the primary responsibilities of the trustee is to check over the bankruptcy paperwork for errors and discrepancies. [Read More]
Posted on: 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. [Read More]
Posted on: 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. [Read More]