Filing for bankruptcy can be one of the most stressful things that anyone has to go through in life. Often times, it comes with depression and a host of other problems that are unrelated to monetary issues. A bankruptcy can create a perfect storm of stressful situations. There is no doubt, that under these circumstances, […]
There are many misconceptions surrounding bankruptcy proceedings and the consequences of filing. The intent of this article is only to provide information, and should not be taken as legal advice. If you need assistance you are advised to contact a bankruptcy attorney to help you get through the process. Here are the top 10 misconceptions […]
Many people are divorced every year. Often, divorce is the direct or indirect result of financial problems that eat away at a couple’s relationship. The escalation of marital debt increases pressure placed upon one or both partners. Ultimately, this burgeoning debt level can cause the couple to seek a divorce, bankruptcy, or both. Unfortunately, while […]
Understand more about Bankruptcy and How it Affects your Income Taxes Bankruptcy is designed to help honest taxpayers dealing with impossible financial hardship to have their debts legally eliminated, allowing them to make a fresh start in life. Most consumer debt and secured debt can be eliminated in a successful bankruptcy, but as a general […]
Learn About the Meaning of Debt Reaffirmation, and Understand How it Can Affect You During and After a Bankruptcy A high tide of bills and debts can make it tough to manage financial affairs. Bankruptcy is an option if debts have become unmanageable. In a Chapter 7 bankruptcy, you allow a court-appointed trustee to liquidate […]
Bankruptcy is a highly complex process involving the collection and distribution of information and assets. Individuals and businesses will want to compare bankruptcy types to learn which is the best option for them. Consulting a bankruptcy attorney involves an assessment of the individual or company’s balance sheet and a discussion of Chapter 7 versus 11, […]