If you are considering filing for bankruptcy, you already know that it's one of the most difficult decisions you'll ever have to make. But, bankruptcy gives individuals with financial issues an opportunity to start fresh, and it may be a last resort for some. There are two different types of bankruptcies that individuals can file, Chapter 7 and Chapter 13. This article will give you an overview on Chapter 7 bankruptcy, and why it may benefit you and your personal situation.
25 February 2015
Are you currently buried under a mountain of debt that seem impossible to crawl out from under? If so, filing for bankruptcy may allow you to finally break free of this debt and begin enjoying the financial fresh start that you so desperately need and deserve. However, before you are able to enjoy the benefits that come along with filing for bankruptcy, you will first need to determine which type of bankruptcy petition is best suited to your particular needs.
24 February 2015
In 2014, about 40,000 Americans had student loan debts. Combined, these debts exceed $1 trillion! If you are facing hard financial times and hope that filing for bankruptcy will make your student loans magically disappear, think again. Here is what you need to know about bankruptcy options and how filing affects your student loans. Understanding the Types of Bankruptcies If you choose to file for bankruptcy, you have four options.
22 February 2015
The threat of foreclosure is not something that you want to face on your own. Considering the variety of issues that may have led you to foreclosure, the different programs available to help you, and the complicated laws and bureaucracy involved in the entire process, make sure you're in contact with experts in these various areas so that you understand all your options: Finding Programs There are a variety of programs offered by banks and the government to help people threatened with foreclosure.
20 February 2015
Chapter 7 bankruptcy is something that you can file only if you are eligible. With chapter 7 bankruptcy, you are canceling all of your debts with the help of a bankruptcy attorney. During this process, your attorney may sell some of your property to help pay your creditors with your permission and more. Here's what you want to know about chapter 7 bankruptcy if you are thinking about filing yourself:
19 February 2015
Filing for bankruptcy is a step you may not be able to avoid. Perhaps your debts have gotten out of control, or maybe your business is no longer profitable. Whatever the reason is, you need to choose the right kind of bankruptcy for you. Here are 15 facts about Chapter 7, 11, and 13 bankruptcy, so you can make a better choice. What Is Chapter 7 Bankruptcy? When you consider bankruptcy, this is the type you're probably thinking of.
13 February 2015
You may be feeling the sting of having to file bankruptcy already, but the idea of having to see your car taken away will feel like an additional kick in the stomach. It is true that a lot of people will lose their vehicles when they are in the middle of a bankruptcy proceeding, but this is not always the case. There may be a possibility you can hang on to that car that is sitting in your drive.
13 February 2015