What Should You Expect At A Chapter 7 Meeting Of Creditors?
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.
Vital Actions During Bankruptcy
14 September 2017
The strain of financial problems is something that can weigh on you until life becomes unbearable. You might have avoided bankruptcy for some time, but in many cases it can be the solution to a problem that has lasted so long you can't remember life without it. Choosing bankruptcy can be a positive thing for your future, but you've got to ensure you're focusing on the below things during the process.
Is Bankruptcy The Right Choice For You?
9 August 2017
You may feel that you are so far in debt that filing for bankruptcy is your only solution. However, there are other possibilities to explore and some issues that may effect your ability to file bankruptcy without additional loss.
You can't just file for bankruptcy and become debt free without some repercussions. However, if you are forced into it by circumstances beyond your control, you should be prepared to protect whatever assets that are protected by both state and federal bankruptcy law.
6 Mistakes That Will Make It More Difficult To Repair Your Credit After Bankruptcy
9 March 2017
Bankruptcy isn't the end of the world. Eventually, your credit can be repaired and your financial health can be better than it ever was before. However, reestablishing credit after bankruptcy takes time and effort.
Unfortunately, many consumers make the incorrect assumption that they will never be creditworthy again and don't even try to repair their credit. Any consumer who has declared bankruptcy should be aware that a Chapter 7 bankruptcy only stays on a credit report for 10 years and a Chapter 13 bankruptcy only stays on a credit report for 7 years.