BE DEBT FREE

When general creditors attempt to collect and fail, they can sue the debtor. If a court rules in favor of the creditor, the court may force your employer to withhold as much as 25% of your net monthly salary. This is a wage garnishment order. It is a devastating way to collect debt, but if

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

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

Filing for Chapter 7 bankruptcy is a powerful and immediate solution to debt problems. The same day that you file, you have the protection of an automatic stay. Creditors will no longer be able to call you, and you won’t have to worry about a pending lawsuit brought by a creditor moving forward. If you

The dread of getting the mail, answering the phone or checking your inbox is often overwhelming when you have creditors coming after you. For many people who are in this situation, filing for bankruptcy is one of the options that could help them to find relief from that dread. When you file for bankruptcy, an

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

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

If you pass the means test and qualify for Chapter 7 bankruptcy, deciding to file will not be the last major choice in the process. You will also have to make an important decision about what bankruptcy exemptions you will use. The proper use of bankruptcy exemptions will set you up for financial success after

A Chapter 7 bankruptcy is a type of bankruptcy that requires liquidation. Any assets that are not exempted or necessary in your life may be liquidated (sold) to pay back the debts you owe. You could lose all kinds of assets in a Chapter 7 bankruptcy, but most people won’t lose much at all thanks

Most people understand that the healthcare system in the United States is incredibly expensive. For a lot of people, the cost is so high that it’s prohibitive. They can’t get the care that they need because they simply can’t afford it, even when they have insurance on their side. But it’s easy for those who