Category Archives: Bankruptcy

5 Signs You Should File for Bankruptcy

Filing for bankruptcy can seem scary and overwhelming, and tends to be something most people try to avoid. But in some situations bankruptcy can save you from a never ending stream of financial stress. If you’re feeling hopeless about your financial situation, bankruptcy might be the right choice for you. Signs You Should File For Bankruptcy If you’re at a crossroads and considering bankruptcy, these five warning signs will help you come to a decision. You’re living paycheck to paycheck and only … Read More

At What Point Should I File Bankruptcy?

Deciding when to file for bankruptcy can be tricky. In some situations, filing too early can mean losing property you may have been able to keep. It can also mean having to file for Chapter 13 instead of Chapter 7 bankruptcy. You may even be able to avoid bankruptcy all together. Knowing when to file is not always a science, but this article aims to help make that decision a little easier. When You Should Wait Before Filing Bankruptcy If … Read More

What Debt Does Bankruptcy Take Care Of?

Although bankruptcy allows you to eliminate some debts, it doesn’t get rid of all types of debt. Before filing for bankruptcy, it’s important to understand the types of bankruptcy and the kinds of debt they eliminate. <h2> Chapter 7 bankruptcy </h2> Chapter 7 bankruptcy is usually the easier option that allows you to eliminate more debt. Unfortunately, not everyone qualifies for this type of bankruptcy. If your average monthly income for six months prior to filing for bankruptcy is equal … Read More

Benefits of Hiring a Bankruptcy Attorney

While everyone knows what filing for bankruptcy is, very few people fully understand what filing for bankruptcy really means. The basic definition is when an individual or business find themselves unable to pay their debts, they will liquidate assets in order to pay back debtors and/or formulate a structured repayment program going forward. It might seem like, during times of financial hardship, that hiring an attorney is the last thing you would want to do, but there are a number … Read More

The Best Time To File Bankruptcy

There are some circumstances in which it makes more sense to hold off on filing for bankruptcy. The time that you file for bankruptcy could mean the difference in losing or keeping your property, or filing a chapter 7 or a chapter 13. Knowing when to file will help you achieve the best outcome possible out of your bankruptcy. When you should wait to file bankruptcy   There are a number of possibilities you should consider before filing bankruptcy. If … Read More