5 Essential Bankruptcy Facts
You’re scared of bankruptcy, thinking it’s going to send your life flying through an endless downward spiral? You’re prepared to do anything else besides hiring a Chapter 7 bankruptcy attorney in San Diego to help you kickstart your process? Well, you might want to double-check your thoughts and try to analyze whether or not bankruptcy […]
5 Things Debt Collectors Can & Cannot Do
Dealing with debt collectors can truly be a bother, especially if they keep coming and coming after you. Yeah, we know, you have some debt and you’re doing your best to deal with it. Constant letters and calls aren’t going to help. If you’re struggling to deal with your creditors, it’s best to hire a […]
The History of Bankruptcy
Have you ever wondered how bankruptcy first started and how its processes and laws changed through history? Whether you want to debunk certain bankruptcy myths, understand the most common terms and expressions, or get familiar with it because you want to file a petition, learning about bankruptcy may come in handy. Keep reading to find […]
What Types of Debt Can Bankruptcy Eliminate?
Bankruptcy laws were created to help people start over and rebuild their financial lives. Unexpected changes happen all the time including illness, job loss, divorce or separation and emergency expenses. These major disturbances in our lives often create financial burdens that make it impossible to pay off debt. However, bankruptcy provides an opportunity to recover […]
6 Mistakes to Avoid When Filing Chapter 11
Any type of bankruptcy can be a difficult process, so it’s understandable that people make mistakes. Keep reading to explore the most common mistakes to avoid when filing Chapter 11 so that you can be better prepared and equipped to successfully navigate the process. It’s also vital to hire a knowledgeable and experienced Chapter 11 […]
Steps to Filing Chapter 13 Bankruptcy
If you can’t keep up with your debts and you’re feeling overwhelmed, filing for bankruptcy can give you much-needed relief and a new start. One of the options is Chapter 13. If you’re considering this Chapter, you’d want to know all about it, including every stage of the process. Keep reading for a detailed breakdown […]
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 […]
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 […]