I don’t think there is a soul in the US that has not been affected by our current economy. For some folks it’s much worse than others. Millions of Americans have lost their homes to foreclosure and many others are filing bankruptcy to stop aggressive creditors. It seems like every disaster brings out the good […]
When the decision to file bankruptcy has been made the next thing to consider is the costs involved with the process. Many people filing bankruptcy do not have a lot of money on hand or else they would not be in the position of having to file bankruptcy. The fist and most obvious cost that […]
Over the last few years it has been common to see neighbors, friends and family members filing for bankruptcy to eliminate their debt. For most of us it is a blessing to get out from under a mountain of bills. The only people that really get upset about a person filing for bankruptcy are creditors. […]
This is the million dollar question that plagues everyone that is filing bankruptcy. Most people are pretty attached to their personal property and have trouble giving anything up. That’s why it’s common for a bankruptcy attorney to hear this as the first question, Will I lose my stuff when filing bankruptcy? A good bankruptcy attorney […]
I get this question a lot, “Should I even file for bankruptcy? Is it worth it?” and the answer truly depends on your circumstances. How far in debt are you? Can you afford your payments, it’s just really tight? Was there a hardship that occurred that put you into this position such as a loss […]
Many people filing for bankruptcy think that they can keep a particular credit card out of the bankruptcy filing as long as there is no balance on it. Technically, the credit card company is not a creditor if there is no balance on it so from that standpoint they are correct. Where the problem lies […]
In today’s economy many Americans are still trying to avoid filing bankruptcy at all cost. Many people have this idea that recovery is right around the corner and everything will go back to normal. No one seems to think that this might be the new normal. Unemployment has now been close to 8% for five […]
While a family vacation can be a fun and memorable time, the people who overindulge in credit card spending can find themselves in a bankruptcy filing before they know it. Over the last 40 years, consumers have become obsessed and addicted to using credit cards, especially during the summer vacation. Many people that should be […]
Many people filing bankruptcy make common mistakes because they just don’t understand how the process works. In a perfect world, it’s best for an individual to educate themselves about how a bankruptcy filing works and the timing involved. This can be easily done by spending some time on the Internet and reading articles and information […]
In today’s economy, most Americans are struggling to make ends meet. For the lucky individuals that are still employed, sometimes it’s as simple as budgeting to avoid a bankruptcy filing. Over the last 20 years most Americans live paycheck to paycheck and have no savings. In fact it is so bad that most Americans consider […]
