If you feel as if you are drowning in credit card debt and you aren’t sure where to find relief, you aren’t alone. Credit card debt is one of the primary reasons people consider bankruptcy. The average American has between $15,000 and $20,000 worth of credit card debt and that number appears to be rising. […]
Though it might not happen to the world’s most famous universities, there are some colleges that go out of business. They might be purchased by another school or simply close their doors because of their own financial issues or other reasons. The most frequent colleges to go out of business are career training schools that […]
Paperwork and Filing for Bankruptcy in Florida Filing for bankruptcy sounds simple enough, but it’s actually a complicated legal proceeding that requires a great deal of organization. Unfortunately, if you fail to submit a document or you make a mistake on anything the court requires, it can result in the dismissal of your case. Not […]
It’s a sad fact that no matter who you are or what your struggles in life include, there are people out there looking to prey on you. Everyone is vulnerable in one way or another and being someone who has filed for bankruptcy is no exception. Financial predators want to take advantage of you and […]
Bankruptcy Post Filing Education and Counseling Requirements If you’ve begun the bankruptcy process you already know about the education requirements. In nearly every case, a person filing for bankruptcy is required to participate in credit counseling. Proof of participation is needed for the bankruptcy court to discharge your debts and if you fail to honor […]
Filing for Bankruptcy Filing for bankruptcy might make it seem as if your world has stopped, but the truth is it hasn’t. Life goes on, even after bankruptcy, and before you know it you’ll be thinking about your future and the opportunities that are ahead of you. As a matter of fact, many people opt […]
The 341 Meeting of Creditors can be one of the most intimidating aspects of filing for bankruptcy but it doesn’t need to be. Preparing for the meeting and knowing what to expect can put you at ease and ensure everything goes smoothly. What should you do before the meeting to make sure you aren’t caught […]
Life is unpredictable and so is death. Very few people are able to predict when they will die and in many cases, death comes at an unexpected time in life and interferes with whatever happens to be going on. This is sometimes the case with bankruptcy. A person might be in the midst of filing […]
One of the scariest things that can happen when you’re dealing with out-of-control debt is property seizure. Creditors might legally be allowed to take things you own to satisfy debts and when you file for bankruptcy, the bankruptcy trustee might have the authority to seize certain property. What Should You Know about Property Seizure? Seizure […]
When it comes to being self-employed, sometimes it seems the odds are stacked against you. Taxes, insurance, other expenses… the list of frustrations goes on and on. But what about bankruptcy? If you run into financial difficulties while working for yourself is filing for bankruptcy an option? Though every situation is different, most self-employed people […]
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