Pros And Cons Of Using Chapter 7 For Debt-Relief Purposes
10 October 2018
Many people end up with financial problems, but most of these individuals will look into all other types of debt-relief programs before turning to bankruptcy. People look for alternatives, simply because there are a lot of options to choose from and because bankruptcy has some negative effects. Chapter 7 bankruptcy also offers a lot of benefits too, though. If you are in a situation where you cannot pay your debts off and are now having trouble paying your regular bills, you should examine both the pros and cons of using Chapter 7 bankruptcy for help with your debt problems.
Don't Panic: Understanding Bankruptcy Adversarial Proceedings
12 August 2018
The bankruptcy codes may be of little interest even to those who are actively involved in a federal filing, but if you encounter problems you will need to understand why. In most cases, filers breeze through a chapter 7 bankruptcy filing in a few months without incident but it does pay know about some issues like adversarial actions. Whether you are the subject of such as action, or the instigator, read on to learn about some common adversarial actions and be prepared.
Thinking About Filing For Bankruptcy? 3 Things You Shouldn't Do
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.
Big Debt In A Small Town: How To Get Through Bankruptcy Without Everyone Knowing
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