bankruptcy and the recovery after

About Me
bankruptcy and the recovery after

Credit issues can arise more quickly than you might ever think. Within two years, my credit went from outstanding to outrageous and it all happened quickly. One day, I went into work like I normally did to find out that the plant was closing down and that many of the employees were let go immediately. I had no way to pay the bills that I owed each month. My only option after months of searching for work was to file for bankruptcy. This blog will tell you about the bankruptcy process and how to recover after it is all said and done.

Archive

Chapter 13 And You

30 October 2018
 Categories: , Blog

Individuals facing serious financial difficulties have various options, one of which is filing for bankruptcy. Choosing this option will harm your credit for several years but might still be the best way to get out of severe financial problems. United States law offers you two possibilities for filing an individual bankruptcy: Chapter 7 and Chapter 13. Here is a more detailed look at Chapter 13 bankruptcy. Chapter 13 vs. Chapter 7 Read More …

Injured? How Social Media Can Be Your Worst Enemy

26 September 2018
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Social media is entwined into everyone's daily life. Not only are you reading all the information that people decide to put out there, but you may be posting your fair share as well. While this is usually fine under normal circumstances, you must realize that your life will be under more scrutiny than usual if you are injured and filing a personal injury lawsuit. Insurance companies will be looking for ways not to pay, and they may turn to your social media pages as a way to do so. Read More …

Filing For Bankruptcy? Why You Should Hire A Lawyer Rather Than Go It Alone

15 August 2018
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When the bills start piling up so much that you just don't know how you're going to get everything paid, filing for bankruptcy can be a major blessing. If you file for a Chapter 7 bankruptcy you can expect to have all of your debts liquidated, and if you opt for the 13 your bills will be consolidated into a single expense that you pay to the trustee each month. Although it is possible to file for bankruptcy without going through a lawyer and you might have been thinking about taking this route, keep reading to see why it's vital for you to get a bankruptcy attorney on your case. Read More …

Filing Bankruptcy To Save Your Homer? Know These 3 Things

15 June 2018
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Are you potentially facing foreclosure on your home due to a financial problem? If so, know that losing the home is not your only option. It's possible for you to save it by using bankruptcy. Here are some important things to know when using bankruptcy in this difficult situation. 1. You'll Get an Automatic Stay When you start the bankruptcy process, you'll receive legal protection called an automatic stay. It prevents all of your creditors from contacting you about the debts that you owe while the bankruptcy proceedings are being processed, including a foreclosure. Read More …

3 Reasons To File For Bankruptcy Immediately

26 March 2018
 Categories: , Blog

Bankruptcy exists to help people who are in a financial bind and cannot free themselves from debt. There are two types of bankruptcy: Chapter 7 that discharges most or all of your debts, and Chapter 13 that reorganizes your debts to make it possible to pay back some or all of what you owe. Either type of bankruptcy can be advantageous to you. The following are three situations when you should consider filing for bankruptcy immediately. Read More …