Deciding Between Bankruptcy Types

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Deciding Between Bankruptcy Types

After spending freely for years, I realized that I didn't have enough money to feed my family. I was devastated, and I didn't know what to do. Instead of writing off the problem as something that would go away on its own, I decided to take action. I met with a bankruptcy attorney to understand the process, and I was amazed at how kind, caring, and responsible he seemed. He walked me through what would happen, including how to decide between all of the types of bankruptcy out there. This blog is all about helping you to decide whether or not bankruptcy is right for you.

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3 Things To Know About Tax Returns And Chapter 13 Bankruptcy

4 September 2015
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If you are planning on filing Chapter 13 bankruptcy, you will need to turn in a variety of different documents in order for your case to get approved. Among those documents is your tax returns, and this will not be the only time you must submit copies of them. Here are three things you should know about your tax returns if you are planning on filing Chapter 13 bankruptcy. Filing Relies On It Read More …

2 Lifestyle Changes You Must Make After Bankruptcy

2 September 2015
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Feeling hesitant to file bankruptcy is a normal sensation people experience, and this is often because there are consequences of filing. There are also many benefits of filing, and you must thoroughly weigh these out before you decide to go through with it. As you are making this decision, it is also important for you to realize that you will need to make some lifestyle changes after you file. Some of these changes will be mandatory, including the following two changes you will have to make. Read More …

3 Things You Need to Know about Bankruptcy

2 September 2015
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It doesn't take much to find yourself drowning in debt. If you've reached that point, bankruptcy may be the best way for you to get out from under the debt. Once you file for bankruptcy, you can get a fresh start and begin rebuilding your credit. That is, unless your creditors refuse to update your information. If that happens, you can be stuck with bad debt and a bankruptcy on your credit report. Read More …

Exemptions And Chapter 7 Bankruptcy

28 August 2015
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If you are considering filing for chapter 7 bankruptcy, you may be justifiably concerned about how much of your personal property that you stand to lose. Bankruptcy allows your real estate, vehicles, bank accounts and much more to be subject to "surrender," meaning that the property will be taken from you and used to help repay some of your debt. Bankruptcy law allows people to keep a certain amount of their property. Read More …