What Do You Lose If You Declare Bankruptcy?
If you are reading this, you probably know what it means to claim bankruptcy and is looking to find consequences. On the flip side, there is you who sauntered onto this article unbeknownst of what ‘bankruptcy’ means. I will keep you both in mind through this. Shall we? Bankruptcy is the legal process that involves […]
How Much Do You Have to Be in Debt to File Chapter 7 Bankruptcy?
How much do you have to be in debt to file Chapter 7 Bankruptcy? Are you neck-deep in debt? Are you considering filing up for bankruptcy? When you think of filing up for bankruptcy, do selling off your assets come to mind? If your answer to these questions is a yes, then you need to […]
Preventing Bankruptcies
We are in some unusual and unprecedented times right now but that doesn’t’ mean you can’t prepare and still have some time to plan. People use the phrase “Practice good money management.” However, what does this really mean? Terms like impulse spending, realistic budgeting, and no high-risk investment are not part of the “good practice.” […]
Will Bankruptcy Mean I Have to Give up My House?
Will Bankruptcy Mean I Have to Give up My House? – A common question weighing on the minds of those who are still making mortgage payments on their home and facing bankruptcy is “will I have to give up my home?” The answer to this lies in understanding the options available to your unique situation. […]
What to Do After Filing for Personal Bankruptcy
Many people feel like absolute failures after filing for bankruptcy. Therefore, you may be surprised to learn that it’s actually becoming more and more common and that YOU’RE NOT ALONE. Bankruptcy happens to the answer for many debtors who simply need a fresh start. Now, the question is, “what do I do now to ensure […]
Are All Debts Forgiven in Bankruptcy?
Are All Debts Forgiven in Bankruptcy? Bankruptcy is a very useful thing that can help many people and give them a fresh start in their financial lives. Many debts can be discharged in bankruptcy. However, there are sometimes exceptions. Debts that are commonly discharged in bankruptcy include things such as: -credit cards or unsecured loans […]
Is Bankruptcy Embarrassing?
Is Bankruptcy Embarrassing? Being an adult is rough. As an adolescent we would hesitate to do things, worried about what our peers would think, and often, being an adult is no different. Being an adult doesn’t mean you no longer have emotions or that you don’t worry about others judging you. However, being an adult […]
Before I File for Bankruptcy, Can I Sell Some of My Assets?
Bankruptcy is all about helping an individual(s) resolve debt and learn better financial management. Getting a fresh start is not just about leaving the past behind but it also requires someone to protect the assets they still have. You can maximize the benefits of this by NOT borrowing, selling or getting rid of these assets […]
How Fast Can My Credit Score Come Back After Bankruptcy?
Bankruptcy can be a scary word but it also can mean freedom and relief from major stress. There are a lot of reasons why someone might choose to file bankruptcy, either a divorce or painful separation from someone that has ruined your credit, medical injuries or bills, or even job loss. Bankruptcy is nothing any […]
Protecting Bank Accounts When filing for Bankruptcy
Protecting funds in a bank account is often a top priority of those filing for Chapter 7 or 13 bankruptcy. The effect that bankruptcy will have on any money deposited into your personal bank accounts is dependent upon if the money has been protected by a bankruptcy exemption and the amount of pre-bankruptcy planning […]
