3 Reasons You Are Required To Take Credit Counseling Before Filing Chapter 7

3 December 2018
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If you meet with a bankruptcy lawyer and decide to file for bankruptcy, the lawyer will tell you that you must take a credit counseling course before he or she can file your bankruptcy documents with the court. This course is required for several key reasons, and here are three of them. To learn more about the alternatives to bankruptcy Bankruptcy law requires that everyone take two credit counseling courses when filing for bankruptcy, and the first course is required before the person files the paperwork for the bankruptcy. Read More

Temporarily Reduce Your Debt or Make a Compromise with Your Creditor

18 October 2018
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If you currently own a small business and took out a loan when you first opened your establishment, it can be frightening to think that you may need to declare bankruptcy if you are having trouble paying back your loan. Instead of giving up on your business and damaging your credit rating with a bankruptcy, seek advice from an attorney who represents commercial owners who have taken out business loans. Read More

Home Sweet Home: Where Should You File Your Bankruptcy?

28 August 2018
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Chapter 7 bankruptcy is very good at providing filers with financial relief, and that relief can mean a lot of things. It might mean the complete elimination of debt, the cessation of bill collection activity, and being able to stave off foreclosure and repossessions. The bankruptcy codes underwent some changes a few years ago and the new rules deserve a look. Read on to learn more about some of these changes, including the residency rule. Read More

4 Common Mistakes To Avoid When Filing For Chapter 7 Bankruptcy

27 June 2018
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If you have a large amount of debt that you cannot feasibly pay off yourself, then it may be time to start looking at bankruptcy options. Specifically, chapter 7 bankruptcy is the most common type of bankruptcy filed across the United States. If you are approved for chapter 7 bankruptcy, this means that you allow for some of your assets to be sold off and the proceeds used to pay off as much of your debt as possible. Read More

Chapter 7 Bankruptcy: List Your Debts To Gain Financial Protection

4 April 2018
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One of the benefits of using Chapter 7 to file for bankruptcy is that you can discharge all of your unsecured debts once you have everything approved. However, forgetting to list every single unsecured debt on the bankruptcy filing paperwork can cause some big problems. If you do not list the debt, it won't be discharged. Keep these things in mind when compiling your debts. The Debts To List Your bankruptcy lawyer will help walk you through the process of listing debts, but it starts with you listing as many as you can. Read More

Addressing Credit Cards, Secured Loans, Student Loans and Other Debts

About Me

Hi, my name is Fiona, and over the years, I have juggled many different types of debt. At one point, it got so overwhelming that I began to research bankruptcy. Through that process, I learned that you have to take a different approach to each different type of debt. I also learned that it can be extremely hard to tell if bankruptcy is the right decision for you. This blog explores various debt reduction strategies, and it talks about how to tell when bankruptcy is the right choice. I also hope to discuss bankruptcy in general so that you can learn how it works. If you are in debt, pull up a chair. I hope that you can learn from my research, experience and mistakes. Thanks for reading!