When you find yourself in a difficult financial situation, it is important to understand your options. Before you gain a sense of clarity, it is not uncommon to let your worries spiral out of control. In this way, you can actually make the situation worse than it is....
Chapter 13 Bankruptcy
Should I seek a quick exit from Chapter 13 bankruptcy?
If a court approves your Chapter 13 bankruptcy filing, you will have three to five years to complete a repayment plan that will pay off a significant amount of your debts. But you may wonder if you should try to complete your bankruptcy ahead of schedule. Since...
Recovery is possible after bankruptcy
If you are considering bankruptcy, or if you have a recent bankruptcy, you may be wondering how it is going to affect your credit and financial future. It is true that bankruptcy puts a dent in your credit score, but it does not last forever. The advantage that filing...
3 differences between Chapter 7 and Chapter 13 bankruptcies
Bankruptcy gives you the capability of wiping out your debts, allowing you to start again fresh. It allows you to gain financial freedom. Chapter 7 and Chapter 13 are the two most commonly used bankruptcies. Here are three differences between them that may help you...
What is the difference between a dismissal and a discharge?
There are two ways your bankruptcy case may end. The court can either dismiss it or discharge it. According to the United States Courts, the goal should be a discharge because this means the court accepts your bankruptcy case and forgives your debts. A dismissal...
Should you reaffirm your debt during bankruptcy?
If you are struggling with overwhelming debt, you may consider filing for Chapter 7 bankruptcy as a way to gain financial freedom. Also known as liquidation bankruptcy, Chapter 7 allows you to discharge much of your unsecured debt, including credit card debt,...
Title: Is bankruptcy right for you?
If you have what feels like an insurmountable amount of debt, you may want to consider bankruptcy to get a fresh start. Filing bankruptcy can help you erase certain debts and gives you the opportunity to move forward financially. Bankruptcy is a common experience for...
An introduction to Chapter 13 bankruptcy
Many people suffering from unmanageable debt find relief in the bankruptcy process. While it is not for everyone, nor is it available to everyone, bankruptcy is a powerful tool in the right situation. Beyond determining whether bankruptcy is the correct choice, there...
Money you should not spend before bankruptcy
If you are facing a heavy debt load that you fear you have no chance of paying off, bankruptcy may be your best solution. Should you consider going down this route, you should refrain from making certain transactions before you file your bankruptcy petition. For one...
Do you qualify for Chapter 13 bankruptcy?
If you are considering filing for bankruptcy, you may wonder which Chapter best fits your situation. There are stark differences between Chapter 7 and Chapter 13, for example, which will affect how much debt you will retain once the bankruptcy closes. If you wish to...
