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  • Wage Garnishment Legal Help: Everything You Need to Know

    The last thing you want when you're already struggling financially is to have your wages garnished. Losing a portion of your paycheck can make it difficult to make ends meet and pay necessary bills. Wage garnishment legal firms specialize in helping people like you to stop wage garnishment, eliminate debt, and take control of their finances. Read on to learn everything about the services offered by a garnishment legal help firm. [Read More]

  • Two Reasons You'll Want To File Chapter 13 Instead Of Chapter 7 Bankruptcy

    Many people prefer to file chapter 7 bankruptcy because it wipes out almost all their debts, essentially letting them start over financially. However, it's not always the best option. Here are two times when filing chapter 13 bankruptcy is better for your present and future. You Want to Protect Your Cosigners While chapter 7 bankruptcy has great protection for petitioners, it doesn't do anything to shield cosigners from creditors. The automatic stay that stops collection activity while your case is active doesn't cover co-debtors, and creditors will immediately go after any and all cosigners to get the debts paid. [Read More]

  • Guidelines You Will Find Useful In Getting Bankruptcy Exemptions

    Many people consider filing for bankruptcy as the last thing they would want to do when faced with the threat of insolvency. For many, handing over their finances and assets to trustees might not sit well with them. Others also fear that they will lose their valuables in the process. However, doing nothing about your worsening financial situation will make it inevitable for you to lose everything. You should speak to a bankruptcy lawyer and understand the available ways out of your predicament. [Read More]

  • How Will Divorce Affect Your Chapter 7 Bankruptcy?

    Both divorce and bankruptcy are major financial moves but doing them together could require some delicate planning ahead. To find what to do first and why, read on. What Is Your Income Situation? You may not be allowed to file for chapter 7 if your income is too high. Married couples must use both of their incomes to qualify. To determine eligibility based on income, compare it to the median income in the state where you plan to file your bankruptcy. [Read More]

  • 4 Ways to Prepare for Bankruptcy

    Falling into debt can take many years for some people, but it can take only a few months for others. In any case, you may want to turn to bankruptcy when you reach a point where you cannot pay your bills. If you have too much debt and not enough income, bankruptcy might be the best way out of debt. If you decide to use bankruptcy, you may need to prepare for it, and here are four ways you can prepare. [Read More]

  • What Is The Right Type Of Bankruptcy For You?

    There are two basic types of bankruptcy filings you can pursue. One is a liquidation process that involves a court-appointed trustee selling your disposable assets. The other is a process where you can restructure your debts. Every bankruptcy attorney fields questions about which approach is the right one for their clients. A bankruptcy attorney services provider will look at the following four factors. Kinds of Debts Chapters 11, 12, and 13 are restructuring processes that are aimed respectively at businesses, family farms, and individuals. [Read More]

  • Factors That Determine Which Branch Of Bankruptcy To Use

    When you start thinking about using bankruptcy to get out of debt, you should consider calling a bankruptcy law firm. You can contact a law firm to schedule a consultation visit, and the lawyer will help you learn your options during this meeting. One vital thing that takes place during an initial consultation is a review of your finances. The goal of this is to help you determine which branch of bankruptcy you should file. [Read More]

  • Bankruptcy During Your Golden Years

    It might be somewhat ironic that advances in medical science have contributed to living longer but have caused higher medical costs while doing so. Medical bills are but one issue senior citizens face as they move away from their income-earning years and into retirement. The cost of housing, groceries, and utilities also continue to rise and affect those that have insufficient means of adjusting their earnings. If you are on a fixed income and financial problems are afflicting you, you might have considered taking the step of declaring bankruptcy. [Read More]

  • Understanding How The BAPCPA Affects Your Bankruptcy

    For those who've filed bankruptcies in the past, the rules have changed. The Bankruptcy Abuse Protection and Consumer Protection Act of 2005 (BAPCPA) marks the first major update to the federal bankruptcy code in many years. These code changes affect several large areas of requirements for filing, so read on to find out how the BAPCPA might influence your bankruptcy. Protection for Creditors and Consumers As you might have guessed from the title of the act, the code changes are meant to serve both consumers and those who the consumers owe money to. [Read More]

  • How Do You Qualify For Chapter 7?

    When you face loads of debts you cannot repay, you could always turn to bankruptcy for help. There are two options with bankruptcy, but many people prefer Chapter 7, as it is faster and offers forgiveness of qualifying debts. If you are interested in learning more about the requirements for Chapter 7, here are a few of them you should understand. Your Income Plays a Huge Role in Qualifying One of the most important aspects of qualifying for Chapter 7 is the amount of money you earn. [Read More]