Filing for bankruptcy allows you to get a fresh financial start and eliminate the stress and burden of accumulated debts. Once the process is complete, you may think you won’t have similar financial issues in the future. Unfortunately, life is anything but...
Bankruptcy And Debt Relief
Talking with creditors can give your business a fighting chance
Most entrepreneurs have to deal with cash flow issues at one point in their lifecycle. Unfortunately, this often leads to a daily struggle of following outstanding payments and juggling creditors. Eventually, you may find yourself missing financial obligations to your...
Options to address a more complex bankruptcy case
Bankruptcy doesn’t always happen for just one reason. It’s not as if someone takes out a loan, can’t pay it back, and suddenly has to declare bankruptcy. There are usually a lot of different factors that all contribute, and the overall financial situation can be very...
Exploring the root causes of bankruptcy
The term bankruptcy still carries with it a certain level of stigma. It is often thought that an individual must be careless with finances before bankruptcy even comes into the conversation. The reality is much more nuanced than this though. While reckless spending...
Debt collectors must adhere to the law
Through no fault of your own, you’ve been struggling financially recently. This is currently the case for millions of Americans. You’re trying your best to get back on track, but debt collectors are making this very difficult. It feels like you can’t take a breath...
Why filing bankruptcy is a common response to creditor lawsuits
Once you fall behind on your credit card payments or other financial obligations, you quickly learn to not answer the phone if you don't recognize the number. Collection calls can come in so often that you feel compelled to completely disable the ringer on your...
Do you need to make payments in a Chapter 13 bankruptcy?
What the average person knows about bankruptcy is often vague and may possibly be inaccurate. For example, people don't realize that there are several different kinds of bankruptcy available to individuals. They may think that the same rules apply to a Chapter 7...
Bankruptcy could help with private student loans
If you’re struggling financially because of private student loans and have exhausted your options to pause them or pay them down, you may be interested in knowing about changes in how those loans are handled in bankruptcy. According to a New York-based federal appeals...
What does your bankruptcy mean for your secured debts?
You can group your personal debts into two categories. Your unsecured debts include your credit cards and all the money you owe businesses or service providers. An outstanding hospital invoice would be an unsecured debt. There is no property helping to protect the...
What happens if you come into money during a bankruptcy?
You filed for bankruptcy because you really had no means to pay back what you owed. You were out of work, and you didn’t see any way to pay back your debt without struggling for many months or years. Then, seemingly out of the blue, you received a call that you were...
