When Is Chapter 13 Bankruptcy Better Than Chapter 7?

If you cannot see light at the end of the tunnel when it comes to the debt you have, you could turn to bankruptcy for help. When you do this, a lawyer will help you determine which branch you qualify for and which branch would be better for you. In many cases, people will qualify for Chapter 7 but will be better off filing for Chapter 13, and here are several reasons why. [Read More]

What You Need To Know About Your Car And Chapter 7 Bankruptcy

If you're considering bankruptcy, it can be nerve-wracking to wonder what might happen to your vehicle. Understanding the laws in place in bankruptcy court can help you make the best decisions possible regarding your finances and situation. When You Own Your Car If your car is fully paid for, you may not have anything to worry about. Many states offer exemptions for personal property in bankruptcy. These provisions often include exemptions for a modest vehicle. [Read More]

Your Financial Fresh Start Guide To Bankruptcy

Almost no one declares bankruptcy on a whim, but after many sleepless nights and worrying you may have finally realized that there is no other way to get control of your financial situation. Once you have submitted your federal chapter 7 filing, you are now on your way to a second chance to do better and make more educated and wise financial decisions. To make sure that you make the most of the second chance that this filing has provided for you, read on for a guide to getting back on track and preventing mistakes after your bankruptcy is final. [Read More]

Need To File For Bankruptcy? 3 Questions You May Have

Are you getting ready to file for personal bankruptcy? If so, the process can be quite complicated with all the rules you must follow for it to successfully go through. Here are some questions you may have about bankruptcy early on in the process: Why Do People File For Bankruptcy? Bankruptcy can become a necessity due to a variety of financial hardships. For instance, you may have medical bills that you will never be able to pay off in full, suffered from a bad financial investment that left you with debt, or have excessive credit card debt that you can't seem to dig yourself out of. [Read More]