Month: February 2023
How can you manage debt-related stress?
If you face financial stress, you are not alone. Research done on the causes of emotional and mental struggles has stated that many adults all over the globe are troubled by some form of a stressful money issue. According to the 2022 Stress in America report by the American Psychological Association, there were 66% of adults who
What property can I keep after filing Chapter 7 bankruptcy?
Chapter 7 bankruptcy is common in the United States. It is a straightforward way to liquidate your assets and pay off your debts. However, you only need to turn over part of your property for this type of bankruptcy. Chapter 7 has exemptions that allow you to keep the following: Cars or vehicles not exceeding a
Can a court deny or dismiss a chapter 7 bankruptcy?
Most people believe that once they meet the eligibility requirements and file the paperwork, nothing can interfere with a chapter 7 bankruptcy. Unfortunately, nothing guarantees that all bankruptcies proceed as planned. It serves your interests to learn about the reasons bankruptcy courts dismiss cases. The knowledge you gain can help you avoid losing out on
What happens to your cryptocurrency when you file for bankruptcy?
Bankruptcy law can affect your various assets in different ways. For example, depending on if you file for Chapter 7 or Chapter 13 bankruptcy, your home could be safe from creditors thanks to the homestead exemption. But what if you have invested in a cryptocurrency like Bitcoin? Cryptocurrency is a new phenomenon, and state and