There’s a common misconception that the majority of people who file for bankruptcy are of a certain age. Some people assume those who file have spent years being irresponsible with credit cards and have purchased vehicles and homes and a variety of unnecessary items in an effort to “keep up with the Joneses,” and once […]
Filing for bankruptcy can be an overwhelming experience. Many people postpone filing to avoid the intimidation and anxiety they assume they’ll feel once they file. The good news is bankruptcy can be simple and pleasant, especially if you take the time to understand the process in advance and work with someone who is experienced with […]
If you’ve heard anyone talking about bankruptcy and what’s needed to successfully use it to remedy financial problems, you might have heard mention of bankruptcy classes or bankruptcy school. Bankruptcy is a tool that helps you get a fresh financial start, but it’s also a process that requires you meet a few obligations. You need […]
Bankruptcy offers relief when debts have gotten out of control. Chapter 7 bankruptcy results in a discharge of certain debts, which means creditors must stop pursuing you for payment and you’re no longer legally obligated to pay the debts. Unfortunately, there are some debts that aren’t treated the same as others in bankruptcy, which means […]
If you’ve been served with a notice from a creditor that you’re being taken to court over a debt, you aren’t alone. Being sued for a debt is actually one of the most common reasons people are sued. But as common as it might be, it’s still scary when it happens to you. What does […]
In this day and age, the first place we turn for information is the internet. It’s convenient, free, and easy, but it’s not always the best place to have your questions answered. This is often the case with bankruptcy. Though there’s a great deal of valuable and factual information online concerning bankruptcy and all the […]
Filing for bankruptcy is a scary experience, but within the entire process from start to finish, the 341 Meeting of Creditors is perhaps the most daunting. The idea of coming face to face with people who are trying to collect on a debt is understandably intimidating. How can you make the 341 Meeting of Creditors […]
Bankruptcy offers a variety of benefits. One of the most important is the automatic stay. Bankruptcy’s automatic stay stops bill collectors from pursuing you. It stops all collection efforts, including those related to your home mortgage. The automatic stay continues throughout the entirety of your bankruptcy, so once you file, you will no longer be […]
When you file for bankruptcy you take a risk. You’re risking that the choice you’re making now will improve your financial future. The good news is for most people that risk pays off. They not only take a lot of the pressure off themselves as soon as they file, they also set themselves up for […]
Bankruptcy can free you from financial burdens that have plagued you for years. It can make your life easier and provide a fresh start, financially speaking. It can also help you get back on track and undo any damage that was caused by your own mistakes or by uncontrollable circumstances. Despite all the good that […]
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