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