Most people know that bankruptcy does become part of public record, which is why many fear that their friends and family will find out about the bankruptcy. The truth is, no one is likely to find out about your bankruptcy unless you tell them. How Can I Be Sure? It is true that bankruptcy filings  … Read more

A legitimate fear behind filing for bankruptcy is the damage done to your credit. However, what most people don’t know is that the bulk of the damage done to your credit happens long before you even decide to file for bankruptcy. The worst thing you can do to your credit is fail to pay your  … Read more

It isn’t uncommon to hear people say they fear losing all of their assets when filing for bankruptcy. People assume that their assets will be seized and liquidated by creditors in order to satisfy their debts. Although there are some instances in which certain assets may be liquidated, most of your personal property is protected  … Read more

It is a sad day for owners and shareholders when a business faces the decision to file for bankruptcy. Unfortunately, many businesses around the country have experienced financial pressures in the wake of a turbulent economy that have resulted in that very decision. A businesses bankruptcy isn’t much different from a personal bankruptcy, with the  … Read more

Many people worry about what  life will be like after they file for bankruptcy. Luckily, there isn’t much to worry about because bankruptcy  laws prevent discriminatory action based on a filing status.  Most people find that their life after bankruptcy does possess some challenges, but are better off financially than before the filing. Getting Back  … Read more

It seems as though no one, not even a Hollywood star, is immune to the effects of a turbulent economy. The 74 actor was said to have had a quadruple bypass earlier this year and stopped making payments on his waterfront Florida home shortly after. Fame And Famine Reynolds’ home was put up for sale  … Read more

One myth associated with bankruptcy is that filing for bankruptcy will damage your credit. Although a bankruptcy may be listed on your credit for several years, many people who had bad credit before filing find that their credit is improved much easier after filing for bankruptcy. Why Is This? The fastest way to damage your  … Read more

Traditionally, when people think of a bankruptcy filing they think of having debts eliminated with little or no cost to them. In such tough economic times it seems as though Chapter 7 would be the most beneficial for those experiencing financial troubles. Although Chapter 7 bankruptcies are still fairly common, recent bankruptcy laws have made  … Read more

Many people that end up seeking financial relief through bankruptcy protection fear that they will be stigmatized after their case is completed. Although a bankruptcy case is a matter of public record, the chances of those around you finding out are slim. You may have heard of a case in which a person filed bankruptcy  … Read more

If you have considered filing for bankruptcy, you may be wondering about what to expect during the process. The nature of filing for bankruptcy can be tedious and, most likely, you are already under enough stress worrying about your debts. Before you proceed with any debt relief options, you should contact a qualified bankruptcy attorney  … Read more