Category:
Bankruptcy
Bankruptcy is a scary word. You might think the worst when you hear, “He’s bankrupt.” You might think, “She’ll be penniless.” You might think he or she will have to…
The very fact that an individual is considering bankruptcy speaks to the difficulty in paying an attorney to help you file. If you’re in debt, does it make more sense…
Bankruptcy World has two distinctly different “Dis-lands.” One, “Dis-charged,” is the magnificent, joyful, cherished holy grail of bankruptcy outcomes. Every bankrupt wants to get through the Discharged finish line —…
Most people who file for bankruptcy because of personal debt file Chapter 7 bankruptcy, a four-to-six month process that, in theory, “liquidates” a person’s assets to pay off their unsecured…
Declaring bankruptcy is a big deal. The long-term damage it can do to your credit is such that bankruptcy only should be considered as a last resort, after credit counseling,…
Bankruptcy does not preclude anyone from buying a home, but it will take some serious work to get it done. Buying a home after bankruptcy depends on taking the right…
Early bankruptcy laws focused on punishing the debtor and repaying the creditor. Eventually, the process evolved into a method of financial rehabilitation, a “second chance” to get your finances right.…
Filing for bankruptcy may or may not offer all consumers the clearest path out of debt but one benefit might just feel like the arrival of the cavalry. Filing for…
Filing for bankruptcy is scary stuff, and scarier still if hanging onto your car is among your chief concerns. All that talk about “liquidation” is enough to put anyone on…
Bankruptcy is considered a second chance for people who can’t recover from the one-two punch of high credit card balances and punishing credit card interest rates. The average credit card…