11 February 2021
A debt consolidation bankruptcy is a bankruptcy that combines all of your debt using a bankruptcy trustee and those debts are paid back in a manner that suits your financial situation. Your debts are paid back over several years. If you do everything that the trustee and bankruptcy court require, then your bankruptcy is discharged and all included debts will be wiped out. If you are thinking of filing for a debt consolidation bankruptcy, read on for what you can expect to happen.
29 January 2021
When you file for bankruptcy, you have to provide all of the information about your assets to your bankruptcy trustee and attorney. Your assets like your house and your vehicle are things that need to be included in your bankruptcy. If you are going to be filing for bankruptcy, or you are in the middle of your bankruptcy, and you have a vehicle included in your bankruptcy, you may be wondering what happens to your vehicle.
7 January 2021
If you have a lot of debts that you can't pay back, you may be wondering if bankruptcy is the answer. It is important to know which debts will not be able to be discharged in bankruptcy so that you know if you can take advantage of this legal way to gain back your financial freedom. Taxes There are many types of taxes you may owe, such as property taxes and income taxes.
5 January 2021
Rising medical care costs impact everyone but especially people on a fixed income, like senior citizens. As you age, medical care can become more expensive and you may find yourself having to use more of it than you did in your younger days. Some retired seniors find themselves unable to pay their bills. For whatever reason, some older adults may be facing bankruptcy. To learn more about the unique challenges this type of action could create, read on.
2 November 2020
When filing bankruptcy under Chapter 7, a petitioner is making an offer to the court. In exchange for the sale of their disposable assets, the petitioner is asking to court to relieve them of any remaining debts. A court-appointed trustee will sell the assets and equitably distribute the proceeds to the creditors. You might wonder how this process works. Also, you may want to know what assurances you'll have when your debts are done with.
21 September 2020
If your debt keeps rising each month and you cannot pay your bills because you have too much debt, you might want to visit a bankruptcy lawyer. Bankruptcy attorneys help people who need financial relief, and they might be able to help you. Before you visit a lawyer, it might help to understand some basic facts about bankruptcy. Here are six that you should learn. 1. You Have to Pay for It
19 August 2020
Filing for bankruptcy can adversely affect your credit score, and these effects can linger for years. If you are worried that you will never qualify for a loan again after you file, you might want to talk to your lawyer about it. Your lawyer can provide great tips and strategies to help you find ways to improve your credit after filing. Here are several tips you can use for this purpose.