Bankruptcy vs. Doing Nothing If you are struggling with debt, bankruptcy may seem like a good way to get back on your feet. But not everyone who is struggling needs to file bankruptcy right away. There may be times when doing nothing is the best option. Whether or not you should file bankruptcy or do [...]
Bankruptcy | If I had a little money, then what? Bankruptcy . Anyone who has been through the bankruptcy process will tell you that it is a tough ordeal to have to endure. Even the concept of it is frightening; nobody wants to have to announce they are going through a period of financial distress. [...]
Bankruptcy | 3 Mistakes After Bankruptcy Bankruptcy . Congratulations – you’ve completed your bankruptcy and are on the path to a bright new financial future. Or are you? Roughly 1 in 7 people that file for bankruptcy end up repeating the process at some point in their life. Many of the people that do file [...]
Bankruptcy | Kanye West's $53 Million Debt Bankruptcy . To many Americans, celebrity debt sounds and looks horrific. Announcements like Kanye Wests' $53 million debt seem unbelievable, especially when the average American holds over $20,000 in debt from student loans, auto loans, and credit card bills. The amount is even greater with an average $70,000 mortgage, but [...]
Bankruptcy | Keeping Up with the Jonses It doesn't take long for life to turn into a competition. Suddenly, it's all about having the biggest and the best of everything: the biggest wedding, the most impressive home, the vacation that all of your friends on social media are jealous of. Living that financially extravagant lifestyle, [...]
Bankruptcy | Are There Tax Consequences After Filing Bankruptcy? It's important to weigh bankruptcy advantages and consequences, yet many forget to look at bankruptcy and tax consequences. If you do not file before receiving the form, that debt is considered for taxable income unless there is an exclusion or exception applied to the debt. Chapter 7 Bankruptcy [...]
Bankruptcy | Spring Break on a Budget Ahhh...it's Spring Break time. Can I get a collective sigh for a much needed break? The sun is shining. School is out. Your Facebook feed is likely already flooded with pictures of friends and family enjoying their time on the beach, in the mountains, or in the snow. [...]
Bankruptcy | How Does Divorce Affect Bankruptcy? Life isn’t always easy, but the hard times do help us appreciate the good times that much more. If you find yourself in a tough situation where you are contemplating both divorce and bankruptcy, knowing how they affect each other is important. Typically, divorce takes a backseat to [...]
Chapter 13 Bankruptcy|11 THINGS TO KNOW ABOUT CHAPTER 13 AND HOW ITChapter 13 Bankruptcy |11 THINGS TO KNOW ABOUT CHAPTER 13 AND HOW IT WORKSStopping a foreclosure – even after the sale date. Paying past due mortgage or car loan payments over time even when the lender will not work with you. Keeping assets you [...]
Bankruptcy Lawyer | Common Questions About BankruptcyBankruptcy Lawyer | Bankruptcy is a legal proceeding that helps some people who cannot pay their bills get a fresh financial start by temporarily, or permanently, preventing creditors from collecting debts from you. Bankruptcy is generally considered the debt management tool of last resort because the results are long-lasting [...]