There are many steps that need to be taken prior to filing for bankruptcy protection. The very 1st step and without doubt the absolute most important would be to contact a qualified financial adviser and/or a qualified bankruptcy attorney to get the advice and information that you need to move forward. After that is out  … Read more

Deciding that the only option you have left is file for bankruptcy can be a very frightening proposition for many. Unfortunately, it is the only option left for some individuals. You can however, learn some very important lessons should you be forced to go that direction. One very common misconception is that you will lose  … Read more

There are many forms that will need to be filled out during a bankruptcy. One of these forms is going to be the statement of intention. What this does is outlines for the bankruptcy court as well as your creditors as to what your intentions are regarding some of your property and perhaps leases. In  … Read more

For many the enduring myth is that you cannot realize tax debt relief by filing for bankruptcy. This is actually a false assertion. You actually can have tax debt, including back taxes, interest and penalties as well, discharged with bankruptcy under certain criteria. Consult a qualified bankruptcy attorney to help you determine if your situation  … Read more

Most individuals that are planning on a tax return feel greatly relieved that they are going to have some extra money coming in. Doesn’t matter whether this is a large or small amount anything is better than nothing. For students that are carrying a student loan they often become concerned as to what kind of  … Read more

Most often when individuals find out that they can only qualify for a Chapter 13 bankruptcy they are really disappointed. They want to bring their financial problems to an abrupt closure which they know can happen with a Chapter 7 bankruptcy relief. However, there may be reasons that they cannot qualify for the Chapter 7,  … Read more

Communication is everything in a relationship and being forward and honest is part of this. Many individuals that have declared bankruptcy before meeting their new spouse wrestle with the idea of whether or not they should reveal bankruptcy to their new partner. There is always the risk that your new partner may have concerns about  … Read more

Often in a couple’s relationship one of the parties will take control of the finances. This means that this individual will see that the bills are paid and has a good handle of what the financial status of the family is. When the individual finds that they are running into great financial difficulty this often  … Read more

Individuals that are in a bad financial situation have many different struggles ahead of them. One of their biggest struggles is trying to find enough money to meet their financial obligations. Another struggle is dealing with all of the creditors that are no doubt hounding them for their payments. Then they are also dealing with  … Read more

There are many individuals that have graduated from school many years ago and are still burdened with substantial student loans. In some cases they are able to meet their financial obligations by paying these and in other cases they are not. What some are finding now is that some employers will offer student loan repayment  … Read more