Six Differences Between Chapter 7 And Chapter 13 Bankruptcy

Are you looking into bankruptcy, but feeling a bit confused about the differences between Chapter 7 and Chapter 13? Here is what you need to know about these two forms of bankruptcy. Who's Eligible? The main thing to be aware of is who is eligible for each form of bankruptcy. Chapter 13 bankruptcy is for individuals seeking relief from debts. Whereas, Chapter 7 can be for both individuals and businesses who are seeking help. [Read More]

3 Benefits Of Working With An Attorney When Facing Bankruptcy

There may be a time when you find yourself in so much debt that you can't get out of a financial hole. In this instance, bankruptcy may be appropriate. If you're facing this situation, consult with a bankruptcy attorney. They can help you tackle this process in the following ways.  Assess Your Financial Situation Sometimes filing for bankruptcy isn't always the solution to dealing with a lot of debt. In some cases, you may be able to pay back this debt by budgeting and putting leftover money towards these expenses. [Read More]

Three Bankruptcy Questions And Concerns You May Have Before Deciding To Seek This Protection

Debt can be a tremendous burden for you to carry. In situations where your debts are simply more than your income will allow you to pay, you may feel as though there is no way to find relief from these obligations. However, a bankruptcy filing can be the perfect solution for individuals that find themselves needing financial relief. Will A Bankruptcy Be A Permanent Stain On Your Credit Report? A common reason for individuals to avoid starting the process of seeking bankruptcy protection is a concern about an inability to rebuild their credit. [Read More]

Answering A Few Questions Concerning Bankruptcy Filings

When you find that your debts are no longer manageable, bankruptcy can be a highly effective way of ensuring that you are able to start over with your finances. Yet, there is a strong chance that you are not particularly informed about this type of legal proceeding, and if this is the case you, it might be helpful for you to consider the answers to the following bankruptcy questions to make it easier for you to decide whether this is a good option for your situation. [Read More]