What does it mean when an account is reported as “charged off” on your credit report?
Consumers are often confused about what “charge off” means. People mistakenly believe they don’t have to pay back the debt after it is “charged off.” Unfortunately this is rarely true. Doing nothing about your charged off account(s) may come back to haunt you. Credit cards are the most common charged off accounts. When an account […]
6 Benefits of Filing Chapter 13 Bankruptcy
You’ve heard that Chapter 13 bankruptcy offers serious financial benefits, and you’re thinking of using those boons to regain your independence? That’s great, and yes, this bankruptcy is an excellent way to resolve your financial troubles. Of course, you should also ask around San Diego, CA, and find reputable Chapter 13 bankruptcy lawyers to help […]
Chapter 13 Secrets: Debts You DON’T Have to Pay
Many people find Chapter 13 confusing and counterintuitive since it is “debt reorganization” bankruptcy. The train of thought here is that they will still have to pay off every single penny of what they owe – just in a slightly different way and at a bit slower pace. So, why would they even hire a […]
Pros & Cons of Filing Chapter 7 Bankruptcy
Filing bankruptcy is a big step that has its benefits and drawbacks; hence, it is a decision that needs in-depth contemplation. Nevertheless, Chapter 7 bankruptcy is a powerful tool for debt relief in the U.S. Many corporations and individuals utilize it to resolve their financial crisis and obtain a fresh start; bankruptcy filings have increased […]
4 Reasons to File For Bankruptcy
People want to know what the advantages of filing bankruptcy are. You most likely feel alone, as if you are the only person in the world dealing with financial and debt problems. Firstly, you are not alone! The truth is that most working-class Americans are barely able to keep themselves financially afloat. Those who are […]
Bankruptcy Means Test
Bankruptcy Means Test Bankruptcy “Means Test” The bankruptcy “Means Test” is a mathematical calculation that on the surface is intended to limit who can file Chapter 7 Bankruptcy. In short, the “Means Test” determines what is the income limit for Chapter 7. The purpose of the “Means Test” is to measure your income against your […]
What’s the Differences Between Chapter 7 & Chapter 13 Bankruptcy?
Determining whether to file Chapter 7 vs Chapter 13 bankruptcy to get out of debt is a big decision. We know filing bankruptcy may be difficult. For that reason it is especially important that you understand your options when it comes to bankruptcy. Choosing the right chapter to file depends on your individual situation. Learn […]
Chapter 11: What It Is & How It Works
Contrary to what you may have heard, bankruptcy is in no way, shape, or form a bad thing. In fact, it’s quite the opposite – a respite from your financial troubles and a true lifesaver in your time of need. Filing for bankruptcy alongside a team of San Diego, CA’s reputable Chapter 11 bankruptcy lawyers […]
Top 6 Reasons Individuals File Chapter 13
If you’re drowning in debt and considering filing for bankruptcy to get to the other side, know that it is a step in the right direction. The next step is deciding on the Chapter best suited to your specific situation that will provide you with the most benefits. Keep reading to learn more about the […]
6 Frequent Questions on Chapter 13 Bankruptcy
When you’re struggling financially, there’s so much uncertainty. It can also be overwhelming to think about different bankruptcy options and figure out which route to take. This is why it’s so important to get all the info about the bankruptcy chapter you’re considering. Keep reading to explore the most common questions you may have about […]