Filing for bankruptcy often has a negative connotation, because it seems like a last resort after hitting rock bottom. Contrary to popular belief, bankruptcy may be a tool towards better financial standing. When you file for bankruptcy, you can reorganize your debts....
Both Chapter 7 and Chapter 13 have their unique timelines when it comes to how long they stay on a debtor's credit report. Many make the mistake of thinking that after filing for bankruptcy, that's the end of it. However, a bankruptcy filing stays with a debtor for...
Once you file for bankruptcy, you will meet with a trustee who will investigate the case. As an officer of the Department of Justice, the trustee will recommend whether your case should go forward and then administer funds as ordered by the court. While they are not...
Marriage is complicated. Divorce is complicated. Bankruptcy is complicated. And the interplay between divorce and bankruptcy can be intricate. Many divorces come about after a marriage has been damaged by financial difficulties. This means that, by the time one or...
A common bankruptcy option among professionals struggling with debt is Chapter 13. This form of bankruptcy, also known as a wage earner's plan, allows you to develop a plan to repay all or part of your debts over three to five years. Chapter 13 bankruptcy can be...
Understanding the intricate relationship between bankruptcy and foreclosure in Florida is crucial for homeowners in financial distress. Many question whether filing for bankruptcy means they will lose the family home to foreclosure. Bankruptcy and your family home The...
Filing for bankruptcy can be a practical lifeline for people with significant financial problems. It can help them organize assets and give them time to repay their debts. While bankruptcy can be an option for resolving your financial troubles, it also has unavoidable...
