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April 2016 Archives

How can I rebuild my credit score after Bankruptcy?

Filing for bankruptcy is a big decision. Many people may suffer financial hardship for a variety of reasons, from costly medical bills to job loss, and can find themselves looking for debt relief through filing bankruptcy. While filing is a freeing in some ways, such as not having to worry about bill collectors calling during dinner, or while you are at work, it can also mean taking a setback to your credit score. Although the thought can seem a bit scary, it isn't the end of the world and it is possible to rebuild your credit after bankruptcy.

Common benefits of creating a trust

As you go through the estate planning process, you will have questions and concerns. It is important to address each one, ensuring that you don't run into a situation that drags down you and/or your family in the future.

How do I qualify for Chapter 7 bankruptcy?

Special or unforeseen circumstances may leave you unable to pay your debts, and anyone can file for bankruptcy. However, changes made to bankruptcy laws in 2005 require debtors to pass a means test in order to qualify. Because Chapter 7 bankruptcy discharges your debts, you must first prove you are unable to pay them by passing a means test.

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