Navigating Financial Troubles: How A Bankruptcy Attorney Can Guide You Towards A Fresh Start
It is an unfortunate truth that financial troubles can happen to anyone. Whether due to unexpected life events such as medical emergencies or job loss or simply due to poor financial decisions, finding yourself in debt can be a stressful and overwhelming experience. However, there is a solution that can provide a fresh start and relief from the burden of debt: filing for bankruptcy. While it may seem intimidating and confusing, a bankruptcy attorney can guide you through the process and ensure that you have the best possible outcome.
The Pros And Cons Of Five Year Chapter 13 Repayment Plans
When you file for Chapter 13 bankruptcy relief, you generally choose either a three-year repayment of qualified debts or a five-year term. Both options have their pros and cons. To help you decide if the five-year term is right for you, here are a few of the most important pros and cons of this longer commitment.
The Pros of Five-Year Plans
The primary reason most people choose the longer payment plan is to reduce monthly payments.
Bankruptcy: Don't Go Through It Alone
For those considering filing for bankruptcy, this is not the time to turn your back on legal help. Bankruptcy is not a simple process, and it's easy to accidentally make mistakes that could cost you far more money than you might save. Still unsure about the need for a lawyer? Read below and find out more.
Can You File Now?
One of the most surprising aspects of Chapter 7 bankruptcy is that filers must pay attention to what they have been doing for several months before they file.
What Does It Mean To File For Bankruptcy
Bankruptcy has had a bad rap for way too long. It's often been looked at in a negative way, and those that have filed have had a red mark on their back for years because of it. Bankruptcy is not a bad thing, it should be looked at as a way to start over again and a way to learn from the mistakes you made in the past. Bankruptcy may have had to be filed for a number of reasons, some of them being out of your control, including the loss of a job, a divorce, or an unexpected medical issue.
4 Tips For Ensuring A Smooth Chapter 7 Bankruptcy
Chapter 7 bankruptcy is designed to be a straightforward bankruptcy process. However, you can take steps that will help the process go even smoother for you and set you back on the path to financial success.
Complete Mandatory Counseling
When you file for bankruptcy, you are going to be required to take state-mandated credit counseling courses. These classes are designed to help give you the tools and knowledge to navigate your bankruptcy and to help you manage your finances better so you don't find yourself back in this position again.
Is It Time to Make the Big Bankruptcy Move?
A lot of people are experiencing money troubles right now and some have been struggling for some time. Like many, some have wondered if it was time to declare bankruptcy. Most feel obligated to pay their debts but it can be difficult to know when enough is enough. To help you know whether or not it's time to make the big bankruptcy decision, read on for some factors to consider.
The Cast Of Characters In A Chapter 7 Proceeding
When dealing with a Chapter 7 proceeding, it's wise to know who the folks are that you'll be dealing with and what their roles will be. Here are four names you'll hear in the cast of characters when you file for bankruptcy.
Debtor
This is almost certainly you or an entity that you own. The debtor is the individual who owes money to other parties. When filing under Chapter 7 bankruptcy law, the debtor is asking the court to completely discharge whatever debts are listed in the petition.
Understanding The Role Of Your Chapter 7 Bankruptcy Trustee
When your bankruptcy paperwork is received by the federal court, you are assigned a trustee. Bankruptcy trustees are appointed to oversee cases and their roles involve several facets of your case. It's important to know that trustees are not necessarily on your side nor are they adversarial – they are supposed to be neutral, just like a judge would be. Read on to find out more about the role of the trustee and, consequently, about some of the most important milestones you will encounter during the bankruptcy process.
Your Intro To Taxes And Bankruptcy
If you're about to declare bankruptcy, you're not alone. Bankruptcy is far more common than many people realize, and chances are there are a couple of people you know who have had to go the bankruptcy route as well. However, that doesn't mean that the process is easy. It is relatively simple when you see everything you have to do, but when you're first starting out, it can be confusing, especially in relation to your taxes.
Filing A Lawsuit For Teen Bullying
Getting bullied is a common problem that many teens experience during their school years. Although bullying along is enough to send someone into a state of depression, the problem is even more severe when there is physical action along with it. For instance, sometimes bullies throw food and other items at their victim, or start a fight that leads to injuries. Is your teen currently going through such a situation and you are ready to take a stand against his or her bully?