COVID-19 has affected many Americans financially. Many of those in undue hardship are swamped in debt and hounded by debt collectors. Bankruptcy protection may give you a reprieve from your financial problems and give you a fresh start at a secure future. Bankruptcy filings can be complicated. Each case has its unique challenges, thus it [...]
Once a person is no longer able to pay his debts, he may seek debt relief by filing for bankruptcy. The different types of bankruptcy are sorted into different chapters in the bankruptcy code and are named after their respective chapters. One type of bankruptcy is Chapter 7 bankruptcy. Chapter 7 bankruptcy is also known [...]
A bankruptcy filing is a legal proceeding that helps individuals who are no longer capable of paying their debts. Dealing with debt and financial problems is extremely stressful. That is why it is very important to have a bankruptcy attorney who will assist you throughout the bankruptcy procedure. Once your bankruptcy petition has been approved [...]
A bankruptcy filing is a safe means of obtaining debt relief or bankruptcy discharge. It offers you an opportunity to have a fresh start in terms of your finances. To decide whether filing for bankruptcy is the right option for you, here is a guide on how the bankruptcy process works. The different bankruptcy forms [...]
If you are financially struggling and dealing with debt problems, you might want to consider filing for bankruptcy. An unemployed citizen in California may opt to file bankruptcy, which will help him or her have a fresh start by eliminating or reducing certain debts owed. Bankruptcy exemptions can also enable a bankrupt individual to save [...]
Has your credit card debt piled up and a credit card company is asking you to repay? Have your medical bills racked up and now collection agencies are relentlessly hounding you? While you may be able to ignore your debt, they could sue you and get your wages garnished until it’s paid off. This article [...]
While filing bankruptcy can be a complicated process, it is something debtors should consider. The different types of bankruptcy enable an individual to repay or even wipe out loans and debts. The latter is often the main objective of those looking into debt relief and consumer bankruptcy. A bankruptcy filing (often a Chapter 7 liquidation, [...]
If you’re struggling with debt, a bankruptcy filing may provide you with debt relief. Debtors can choose between two types of bankruptcy to having their consumer debts eliminated - Chapter 7 and Chapter 13. In a Chapter 7 bankruptcy (or liquidation bankruptcy), the bankruptcy trustee sells your nonexempt property and distributes the proceeds to your [...]
Bankruptcies leave people with bad credit. While improving your credit score and establishing credit to a potential lender might be challenging, it is not impossible. Even if you have a low credit score, there are certain things you can still do. This includes applying for a credit card after bankruptcy. While there are certain limitations [...]
Filing bankruptcy in California allows debtors struggling with debt to getting a fresh financial start. A Chapter 7 bankruptcy, also known as liquidation bankruptcies, where the assets and property of the debtor are liquidated by the trustee to repay your creditors in exchange for eliminating your unsecured debts. This article provides an overview of the [...]
