Filing for bankruptcy can be a great way to resolve debt troubles and protect your assets from creditors. While it isn’t for everyone, there are very different benefits and risks associated with Chapter 13 bankruptcy versus Chapter 7. In general, it is always best to repay your debts to the best of your ability, which  … Read more

When it comes to filing for bankruptcy, there are many aspects to the process that must be considered. Filing isn’t always as easy as completing the paperwork and  turning it over to the court. Each step of the process has numerous requirements that can affect the outcome of the case. Before entering into the bankruptcy  … Read more

The decision to file for bankruptcy can be a tough one. While no one wants to end up needing bankruptcy protection it can offer some great benefits, especially in Chapter 13. Since a Chapter 13 bankruptcy is handled differently than a Chapter 7 case, it often requires different steps in preparation for the filing. Before  … Read more

Once part of a well known, all girls singing group, Tionne “T-Boz” Watkins has found herself in financial trouble for the second time this year. Having filed for bankruptcy in Georgia back in February, Ms. Watkins’ case was dismissed by the court. Now back in court once again, Ms. Watkins has filed for Chapter 13  … Read more

Anyone considering filing for bankruptcy must choose which type of bankruptcy to file and then meet eligibility requirements for that case filing. Qualifying for Chapter 7 is more difficult because it requires a debtor to be under strict income limitations. For those who do not qualify Chapter 13 bankruptcy is available, which generally has fewer  … Read more

Most people who seek bankruptcy protection are looking for help to avoid foreclosure of their primary residence. However, there are cases in which an investment property owner ends up in financial trouble and needs help protecting their other properties. A traditional bankruptcy can help alleviate mortgage debts with a primary residence, as well as investment  … Read more

Getting behind on your car loan can be tricky business. Since it is a secured loan, the creditor maintains the right to repossess the car if you default on your payments. To make matters worse, most car loan lenders are not willing to negotiate repayment terms when you get behind and, instead, choose repossession in  … Read more

Deciding between which type of bankruptcy to file isn’t always an easy task. Further, once you decide you may find yourself ineligible for one type of bankruptcy. In general, there are a few reasons why some people choose to file for Chapter 13 over Chapter 7 bankruptcy. Mortgage Default If you have fallen behind on  … Read more

Car loans are one of the tricky types of loans to get discharged in bankruptcy. The reason is that they are secured loans, meaning the car itself is secured against the loan as collateral. If you default on the loan the creditor can repossess the car in efforts to satisfy the debt. Car loan debts  … Read more

When it comes to the decision to file for bankruptcy, you may think there isn’t much difference between Chapter 7 and Chapter 13. In fact, your financial situation is as unique as the risks and benefits associated with filing one case over the other. Before deciding on which type of bankruptcy to file, consider the  … Read more