3 mistakes you need to avoid when filing bankruptcy
Bankruptcy can offer a welcome relief when you are drowning in debt. As such, the decision to declare bankruptcy is one that you should never take lightly. It is imperative that you get every aspect of bankruptcy declaration right from the onset. If you decide to file for bankruptcy, it is important that you steer
How often can you seek bankruptcy?
Did you know that there is no limit to the number of times you can file for bankruptcy? While there is no limit, you do need to know that there are time restrictions, as well as other requirements, that may prevent you from filing certain forms. To understand when you can file, remember the following
Bankruptcy and employment lawsuits: What you should know
You lost your job, and you believe that you were a victim of worker’s compensation retaliation. However, you have more pressing financial concerns that have prompted you to file for bankruptcy. What happens now? How does an employment lawsuit affect your ability to file for bankruptcy? Honesty is the best (and only) policy Under bankruptcy
When debt collectors act unprofessionally
In recent years, you’ve had unexpected medical bills and the company you work for is struggling, so your hours have been cut. Simply put, you haven’t had enough money coming in to cover your expenses. The bills are starting to pile up and debt collection agencies have even been in touch. While debt collectors are
3 common myths about bankruptcy
Filing for bankruptcy is a viable way to eliminate extensive debt and restore your secure financial footing. Unfortunately, some people try to avoid this filing at all costs due to all the misconceptions around it. Knowing the truth about these common myths and misconceptions will help you see why this can be a beneficial step in restoring
Can a car repossession be prevented?
Cars are not simply a luxury item for most people. They are often the main mode of transportation in terms of getting to work every day. Unfortunately, a car is also a substantial purchase. For this reason, many people opt to purchase a car on finance rather than outright. The difference between these two forms
How credit card debt can accumulate so fast
It’s no secret that many Americans are struggling to get by from paycheck to paycheck. It can be disheartening to see all of your wages dispersed before you’ve barely had a chance to look at them. Credit cards can help in numerous ways, but they can also be dangerous. Credit cards have the potential to
How long will you make payments in a Chapter 13 bankruptcy?
When individuals in Alabama fall behind on bills, they can expect their creditors to engage in aggressive enforcement efforts. From lenders trying to reclaim collateral property like vehicles through repossession to civil lawsuits and wage garnishment, there can be many negative consequences of falling behind on your obligations. If you make too much money to
Is it bad to file for bankruptcy?
Many people grew up believing there is something inherently wrong with anyone who files for bankruptcy. What if you are reaching that point yourself? Does that make you irresponsible? Should you feel guilty? No. People from all walks of life file for bankruptcy, and in most cases, it is through no fault of their own. Filing
How long will a Chapter 7 bankruptcy stay on your credit report?
Chapter 7 bankruptcy is a good solution for those who can pass the means test. If someone has an average or below-average income and moderate levels of personal assets, Chapter 7 is a viable option. It offers a quick path to the discharge of the balances owed on their unsecured debts. Whether you owe thousands