Many people view the need to file bankruptcy as a failure, but the reality is that life happens. Unexpected medical expenses, job loss, unplanned emergencies and other factors can all contribute to debt. For many people, the debt becomes too much, and they must ask...
Consumers may have doubts or fears about filing for bankruptcy even in the face of rapidly mounting debt. There may be particular concern about losing all their property and having to start over with nothing. Taking all of a consumer's property is not the goal of...
One of the most terrifying aspects of filing for bankruptcy is losing everything you own just to start over again. For some people, they look forward to the purge. Most people dislike the idea of giving up everything they worked so hard to build and would much prefer...
During your Chapter 13 bankruptcy repayment plan, your financial situation is much simpler because most of your monthly expenses will consist of a single payment to the bankruptcy trustee. Not only that, but this payment is also based on what you can afford. The New...
In the period leading up to your bankruptcy filing, you may be subject to increasing creditor contact. Creditors trying to recoup a debt are often relentless in their pursuits, which causes the debtor a great deal of stress. As an important part of the bankruptcy...
If you had to file for Chapter 7 bankruptcy, chances are you know it will affect your credit. Though some of your outstanding balances reduce to zero, those debts are technically unpaid, and your credit is still affected. The bankruptcy itself stays on your credit...
Making the decision to file for bankruptcy can be extremely stressful. However, the good news is that financial relief is close at hand.  As an individual, you are potentially able to file for Chapter 7, Chapter 11, or Chapter 13. According to Credit.com, which one is...
When you file for Chapter 13 bankruptcy, you are committing to make payments monthly for three to five years. These payments come from what the court calls your disposable income. We often help people to calculate what their disposable income is. According to the...
New Jersey creditors in a bankruptcy case may be required not just to cease any actions against the debtor once the filing is made but also to take affirmative steps to put a stop to any action that is already in progress. This was the ruling of a Virginia bankruptcy...
When businesses are struggling, there can be limited options to get on stronger financial ground. Chapter 11 bankruptcy is often viewed as a last resort, but it can help to save the business. A restaurant chain recently closed one of its few remaining spots in New...
