Thinking About Filing For Bankruptcy? 3 Things You Shouldn't Do

Posted on: 3 June 2018

If you are thinking about filing for bankruptcy, your actions are going to be carefully examined and scrutinized by the courts. The type of debt that you have, how you accumulated that debt, and why you have that debt will be examined. That is why you need to be careful about your actions in the months leading up to filing for bankruptcy. Don't Pay Off Any Creditors It may feel like the opposite of what you should do, but if you think that you want to file for bankruptcy, you should not pay off one of your creditors. [Read More]

Big Debt In A Small Town: How To Get Through Bankruptcy Without Everyone Knowing

Posted on: 24 March 2018

While the stigma of bankruptcy may stain your credit report for a few years, what might make you feel even worse is if everyone who knows you finds out about your financial predicament, especially if you live in a small town. As you face your financial hardship, keep in mind the following ways in which you might be able to keep your personal woes from becoming public knowledge. 1. Notify Your Bankruptcy Lawyer That You're Trying To Keep The Ordeal Under Wraps [Read More]

3 Tips When You Are Considering Debt Consolidation

Posted on: 6 February 2018

When you are drowning in debt, consolidating your debt might make it easier to pay all your creditors at a lower rate than paying them individually. Before you make the decision to consolidate your debt, you need to make sure it is the best decision for your situation. Speak With A Lawyer It is important to speak with a debt consolidation attorney service about your current situation and not deal with creditors on your own, which could make the situation worse. [Read More]

What Should You Expect At A Chapter 7 Meeting Of Creditors?

Posted on: 2 December 2017

Many Chapter 7 bankruptcy filers feel anxious about attending the meeting of creditors, but it's usually a quick, easy appointment. Your bankruptcy trustee holds this meeting, which is formally known as the 341 meeting of creditors, to give creditors a chance to reaffirm debts or argue against your discharge. This may sound intimidating, but creditors rarely show up for this meeting. Every conference is tailored to your unique financial situation, but here are some things that might happen during your Chapter 7 meeting of creditors. [Read More]