Most people ignore their finances until a problem arises.  While some may experience financial hardship that builds up over time, some simply fall into hard times unexpectedly. Although how you end up in debt is not important, one thing that is important is finding a solution quickly. If you are seeking debt relief help or  … Read more

The bankruptcy process is designed to be a protection for consumers. However, due to the complex, legal nature of the process there are some strict rules and requirements to note for anyone considering filing. Many of these restrictions have very little effect on the common consumer, but understanding some of the basics can better protect  … Read more

The means test helps decide whether a person or household qualifies for debt forgiveness or financial benefits. The means test considers your expenses, monetary resources, income, and size of your family in determining whether one has disposable income enough to pay back debts. A bankruptcy means test also determines who is eligible to get their  … Read more

An automatic stay also referred to as a stay, is an automatic injunction that stops creditors, with certain exceptions, from starting or continuing to take actions against a debtor who has filed for bankruptcy. This injunction is especially useful when the debtor is at the risk of being foreclosed on, being evicted, losing basic resources  … Read more

It is essential to hire a bankruptcy lawyer when filing for bankruptcy. A bankruptcy on its own is a complicated process, and you do not want to go through this alone. Understandably, you are struggling for funds, which could tempt you to become a DIY attorney or go for just any kind of attorney. However,  … Read more

Bankruptcy is a legal process that gives you the chance to discharge your qualifying debts. Deciding to file for bankruptcy is a big step to take. You are faced with multiple things to consider – you have to understand what bankruptcy may (or may not) do for you. You have to evaluate your options and  … Read more

When you are way behind on your debts and facing bankruptcy, the thoughts of squeezing out even more money to hire a bankruptcy attorney might push you to consider representing yourself in a bankruptcy case. The internet has made D-I-Ys relatively easy to achieve in practically everything. One internet search, a few clicks, a few  … Read more

The chance to start fresh is not available everywhere, but you are lucky to have this chance when you have loads of debts on your shoulders. Bankruptcy wipes out almost all your debts and lends you a hand in getting back on our feet. But, before proceeding further, you must know whether you can file  … Read more

Bankruptcy is not a universal act or law with identical conditions for everyone. However, every chapter of bankruptcy law has something different to offer as per varying business and credit situations. If you are also confused between chapter 7, chapter 11, or chapter 13 of bankruptcy, then the following guide can be highly assistive for  … Read more

An individual needs to thoroughly assess his/her assets and debts before filing for bankruptcy. This process is known as pre-bankruptcy planning. In this stage, one needs to ensure that they avoid the common mistakes made in a bankruptcy proceeding and come out of the bankruptcy proceedings triumphant. Consult a Legal Expert Individuals filing for bankruptcy  … Read more