Posts

  • Don't Go To Court For Your Personal Injury Case Without Knowing These Four Things

    For those injured in a car wreck that was not their fault, being offered a fair and substantial settlement from the insurance company is the best-case scenario. Sometimes, however, despite the best efforts of your personal injury attorney, you may find yourself in court. While it's certainly true that you can trust your attorney to do an excellent job representing you, you should not take a back seat to the process. [Read More]

  • Why Would Anyone Use Chapter 13 Bankruptcy Instead Of Chapter 7?

    Chapter 7 bankruptcy allows you to get rid of the debts you owe without repaying them, while Chapter 13 requires you to repay the debts you owe. This is a huge difference in the way each type works, which may make you wonder why anyone would choose Chapter 13 over Chapter 7 bankruptcy. Here are three good reasons that explain why people use Chapter 13 instead of Chapter 7. They Do Not Qualify For Chapter 7 [Read More]

  • Vehicles And Bankruptcy: What Are Your Options?

    A lot of people who are struggling financially find themselves faced with a car payment that's unmanageable. Worse, they are often "upside down" in the vehicle, owing far more than the vehicle is actually worth. What are your options for dealing with a vehicle like this under bankruptcy laws? Option 1: Surrender While it might not be your first choice, surrendering the vehicle is the easiest option. You can return the vehicle directly to the lender and discharge the remaining debt through your bankruptcy. [Read More]

  • Payday Loans And Bankruptcy: Can They Be Discharged?

    For those undergoing financial troubles, desperation may drive you to seek some fast cash from a payday loan store to make ends meet. Unfortunately, those same financial troubles could have you seeking further relief in bankruptcy court, where you hope to have all or most of your debt burden forgiven, or discharged, through a federal chapter 7 filing. Most unsecured debt can be discharged, but you may have questions about your payday loan in particular, which often comes with crippling interest rates and fees. [Read More]

  • Protect Yourself From Fake Debt Collectors

    If you've fallen behind on your bills, you are likely experiencing the relentless pursuit of past-due amounts by your creditors and collection agencies. These agencies can be extremely aggressive, since they only get paid if they collect some money from you. Even collection agencies that follow the rules can make your life miserable, leading you to consider bankruptcy as a solution. If your financial difficulties have led to collections calls, you may also be vulnerable to fake debt collectors. [Read More]

  • Will Your Boss Find Out About Your Bankruptcy (And Does It Matter)?

    The high cost of divorce and the inability to handle debts incurred during the marriage and two separate households drive a lot of recently divorced people into bankruptcy, even when they have good jobs. That can put additional stress on you if you're trying to keep your private life out of the office. A lot of people worry about how bankruptcy will look to their bosses and what will happen if their employer finds out that they've been drowning in debt. [Read More]

  • Understanding The Bankruptcy Trustee's Unique Powers

    There are two main goals in any bankruptcy proceeding filed by an individual. The first is to provide debt relief to a struggling consumer whose misfortunes have made him or her unable to repay a debt. The second is to make sure that all of the debtor's creditors are treated fairly and that no one creditor receives special treatment. In order to make sure that all creditors are treated equally, the law gives bankruptcy trustees some unusual powers that you should understand before you file. [Read More]

  • Common Bankruptcy Concerns Answered

    It is an unfortunate fact that your creditors have the ability to take aggressive actions against you if you fall behind on your payments. This can result in the loss of your home or any other assets that you used to secure the loan, and it can even result in wage garnishments or lawsuits. Bankruptcy protection can be an excellent option for those that are facing these actions. However, if you have never considered filing for this type of protection, understanding the following couple of questions and their answers should help you to better appreciate the viability of this option. [Read More]

  • Chapter 7 Or Chapter 13: Which Bankruptcy Is Right For You?

    Are you considering filing for bankruptcy? While bankruptcy is never an ideal outcome, it could be the best solution for you if you are dealing with a significant amount of debt. Bankruptcy gives you the ability to reduce or eliminate your debts in an affordable manner so you can start fresh and work on rebuilding your credit. However, it's important to know which type of bankruptcy is right for you. Chapter 7 and Chapter 13 are two of the most common types of bankruptcies for individuals. [Read More]