If you have lost a primary source of income or become overwhelmed by debts and basic living expenses, consulting bankruptcy attorneys can help. Filing bankruptcy can be challenging and confusing since most people do not understand the process. An attorney can help you decide if filing for bankruptcy is the right course of action and, … Read more
When facing the possibility of filing bankruptcy, one must choose between the chapter 7 and chapter 13 options, depending on their situation. Chapter 13 bankruptcy is the “reorganization” chapter in which the debtor maintains control over their assets while gradually repaying their debts through a three to five-year payment plan. Contrarily, Chapter 7 bankruptcy traditionally … Read more
If you are experiencing financial distress due to the loss of income or developing an overwhelming amount of debt and monthly bills, bankruptcy may be an option for relief. While it is wise to weigh out the pros and cons with an attorney, you must understand which debts a Chapter 7 or Chapter 13 bankruptcy … Read more
Filing Chapter 7 bankruptcy may be an option to consider if you are drowning in debt that you are unable to pay due to the loss of income or other financial issues. Not only will this filing reduce your monthly bills and free up much-needed income, but bankruptcy also stops harassing calls and letters from … Read more
Living with the inability to pay debt and your basic living expenses can be overwhelming, but millions of people are able to find relief through bankruptcy. During a chapter 13 filing, your attorney will work with creditors on your behalf to design a monthly repayment plan for these debts. While based on your current income … Read more
Will filing bankruptcy help with my student debt? How do I qualify for filing bankruptcy for my student loans? What are my options besides filing for bankruptcy? Student loans are hard to get rid of. However, about 40% of those that file will get at least a partial discharge. You may qualify if you demonstrate … Read more
Millions of people need to file Chapter 13 bankruptcy each year due to financial struggles, but a large percentage of these individuals do not have a full understanding of this legal process. If you are unable to pay your living expenses and debts, bankruptcy may be a viable option for you and your family. However, … Read more
Whether you lost your job or accumulated an excessive amount of debt that you cannot pay back, meeting with a bankruptcy attorney may be a smart decision. Each person’s finances are different, so your attorney will need to look over various documents to determine if bankruptcy is a viable option for you and your needs. … Read more