Filing for bankruptcy is not inherently a difficult process. However, many people don’t understand the process enough before attempting to enter. This limited knowledge of the process results in people accidentally complicating the process prior to filing. Before you file your paperwork there are a few things you should know to avoid any actions that  … Read more

A car loan is a secured debt, which means that the car itself is used as collateral in the event you default on the loan. The lender maintains the right to repossess the car if your default. However, if you can make up the missed payments on the car, like in a Chapter 13 case,  … Read more

When filing for bankruptcy your income will be assessed as well as your debts. Traditional sources of income are easily accounted for in bankruptcy. However, many people that are suffering with overwhelming debt earn their money through non-traditional income sources, such as social security or workers compensation. Can these funds be seized in bankruptcy? Bankruptcy  … Read more

Filing for bankruptcy is serious business and due to the highly detailed nature of filing, one must take extra care not to act in a way that could be considered fraudulent. Bankruptcy fraud can result in having the case dismissed, being prohibited from filing again for a specified period of time or even legal action.  … Read more

Filing for bankruptcy as an individual can be done, but it may not be the easiest or most efficient way of seeking protection from debts. Many people that file without the help of a bankruptcy attorney find themselves either overwhelmed by the process or in worse financial position than before.  There are many reasons to  … Read more

When filing for bankruptcy some of the biggest concerns people have is about how much the process will cost them. After already suffering from overwhelming debt burdens, the last thing anyone feels they can afford is a high priced attorney. Although there are some attorneys that may charge high fees, many are in the business  … Read more

There are numerous decisions that go into filing for bankruptcy and completing the process successfully. It seems odd that someone would enter bankruptcy and not have their debts discharged, but there are cases in which the cases are dismissed instead. The bankruptcy court may order an involuntary dismissal of the debts if the debtor fails  … Read more

Many people fear filing for bankruptcy, worried that their financial futures will be ruined. This is simply not true. In fact, bankruptcy is a great tool that can provide you with the opportunity to get a clean start. How so? By resolving your debts you will be free to begin fresh, with a change to  … Read more

One of the biggest sources of stress when in debt is the constant collection attempts of creditors. Many people feel trapped and hopeless when it comes to dealing with creditors, which they fear will not end just because they have entered bankruptcy. The truth is, once you enter bankruptcy creditors are legally prohibited from contacting  … Read more

It is common to be concerned about your credit and even more so after a bankruptcy. Although you will face some credit challenges after a bankruptcy, your future in credit is not ruined. The truth is, there are plenty of lenders that offer credit to consumers post-bankruptcy. Getting Back On Your Feet The best way  … Read more