Archive | bankruptcy

Benefits of the Automatic Stay in Bankruptcy

June 03, 2017  |   Posted by :   |   bankruptcy   |   0 Comments

Getting a fresh financial start can be helpful to the millions of people who file for bankruptcy every year. If you are struggling with debt, filing a Chapter 7 or Chapter 13 bankruptcy can be a viable solution to a problem that may seem insurmountable. You are not alone in this task. Not only can debt […]

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Can I Keep My Car if I File for Bankruptcy?

May 05, 2017  |   Posted by :   |   bankruptcy   |   0 Comments

For most people their car is a lifeline to get to work, grocery shop and a million other incidental chores throughout the day. So what happens to this lifeline if you find yourself in the position of filing for bankruptcy?  The answer, in short is, “It depends.” Do you own the car outright? Are you still […]

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Credit Post Bankruptcy

April 12, 2017  |   Posted by :   |   bankruptcy   |   0 Comments

Contrary to popular belief, life after bankruptcy can be less stressful and, in fact, rewarding because all your financial weight has been lifted. Filing for bankruptcy means a fresh start financially. If you’ve recently filed for Chapter 7 or Chapter 13 Bankruptcy protection, it’s important to realize that it is not the end of the world. You will not be financially outcast and […]

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Income Taxes and Bankruptcy

March 01, 2017  |   Posted by :   |   bankruptcy   |   0 Comments

It’s getting to be that time of year when we take out our W-2s and start filling out our state and federal tax returns. If you are also considering filing for bankruptcy there are some things to think about when coordinating the two filings. For example, if you are planning to file for Chapter 7 […]

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What Bills Do I Continue to Pay After I File for Bankruptcy?

February 08, 2017  |   Posted by :   |   bankruptcy   |   0 Comments

Thinking about filing for bankruptcy to gain a fresh start? Well, you probably have a million questions, first of which may be, “What Bills Do I Continue to Pay After I File for Bankruptcy?” If only the answer was a simple one. The answer in reality is, “it depends.” It really depends on which bills […]

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Decade in Review – Famous Bankruptcies

January 17, 2017  |   Posted by :   |   bankruptcy   |   0 Comments

Filing for bankruptcy is not the end of the world. On average, over a million Americans a year file for personal bankruptcy for a wide range of reasons from credit card debt to medical emergencies. Whatever your reason, know that you are in good company. Americans from all walks of life including the wildly famous […]

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Steps for Filing for Bankruptcy?

December 07, 2016  |   Posted by :   |   bankruptcy   |   0 Comments

Bankruptcy laws are a series of federal laws enacted to allow people to be relieved from their debts and start over with a clean slate. Making the decision to file for bankruptcy is not an easy one. It is a decision that many millions of Americans have come to that allows them a new start and […]

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Bankruptcy and Child Support

November 09, 2016  |   Posted by :   |   bankruptcy   |   0 Comments

According to the Witherspoon Institute, the divorce rate in the United States ranges from 40-50%. Due to that statistic, approximately 1/4 of children are living with a custodial parent. A report released by the U.S. Census Bureau cites that among those 14.4 million custodial parents in the U.S., about half of them have some type of […]

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Will Bankruptcy Stop Wage Garnishments?

October 05, 2016  |   Posted by :   |   bankruptcy   |   0 Comments

Wage Garnishment, a last-ditch effort at debt collection, hits debtors where it hurts: their ability to pay the weekly and monthly bills. Wage garnishment is when a court issues an order requiring your employer to withhold a certain amount of your paycheck and send it directly to the institutions to whom you owe money, until […]

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Credit Rating and Bankruptcy

September 13, 2016  |   Posted by :   |   bankruptcy   |   0 Comments

In the last few decades millions of people have filed for personal bankruptcy. Most of these cases were not caused by out-of-control spending but rather by financial hardship such as a job loss or overwhelming medical bills. In addition, many consumers who find it necessary to file for bankruptcy are lower-income individuals who simply can’t […]

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