Learning About Bankruptcy Proceedings

  • Options For Dealing With Your Financial Problems

    6 April 2015

    Life can throw you several challenges, one of which is dealing with finances. Luckily, you have a couple of ways to handle this issue if you take the time to plan and evaluate your situation. Once you have significant information, you can then decide on the best course of action for dealing with your financial problems. Credit Counseling Credit counseling is a good option for evaluating your financial situation. To begin, a credit counselor looks over your finances and then helps you create a workable budget.

  • How Chapter 13 Is Beneficial

    31 March 2015

    If you are struggling financially, you may consider filing for bankruptcy. It is never an easy decision to make, as bankruptcy is a drastic move. However, the result can be that you're finally back on financial track and the opportunity for a fresh new start. This article will give you a good idea on how Chapter 13 bankruptcy works and what you need to know before taking the next step. Retain Your Assets

  • 4 Financial Moves You Shouldn't Make While Completing A Bankruptcy

    25 March 2015

    If you're currently undergoing a bankruptcy or considering one, there are a few financial moves that you should avoid. Your entire financial history will be under intense scrutiny throughout the process and there are certain things that could be considered red flags.  1. Selling Any Large Assets to Anyone You Know When you're declaring bankruptcy, you're often in a tight financial situation. You may feel as though you need to sell an item for money and it may be more convenient to sell the item to a friend or family member.

  • Answers To Chapter 7 Bankruptcy Questions You Should Know

    20 March 2015

    Debt can be a crushing financial obligation that prevents you from enjoying life and growing as a person. Luckily, bankruptcy protections can alleviate many of these problems by canceling or restructuring most of your debts. However, there are many types of bankruptcy protections, but Chapter 7 bankruptcy is among the most common because it is extremely friendly towards the debtor. Yet, most people do not possess the formal training or experience to understand the nuances of bankruptcy law.

  • An Overview On Chapter 7 And Chapter 13 Bankruptcy

    18 March 2015

    If you are having some type of financial difficulty and feel as though you may be at the end of your financial rope, you may want to consider filing for bankruptcy. While bankruptcy is a drastic move, it is one that can give you a fresh financial start. There are a couple of different types of bankruptcy you can file, and it will be beneficial if you discuss this possible decision with a bankruptcy attorney before you make the move to file for bankruptcy.

  • Debt Collectors Calling Post-Bankruptcy? What Should You Do?

    18 March 2015

    If you've recently had your eligible debts discharged in a Chapter 7 bankruptcy, you may be relieved at the thought of no longer receiving threatening phone calls, voicemails, or letters from your creditors. However, in some situations, you may find yourself receiving these communications months (or even years) after your bankruptcy has been finalized. What can you do to quash these contacts and prevent further damage to your credit report? Read on to learn more about what causes some creditors to continue to contact you after your debt with them has been vacated.

  • Debt-ridden Businesses Can And Should File Chapter 7 Bankruptcy

    18 March 2015

    Any type of business can file for Chapter 7 bankruptcy, which is a liquidation bankruptcy that wipes out most of business debts. This is actually a good move for businesses that are debt-ridden and have little income--businesses that have income so inadequate that there is little chance of being able to repay debts and continue running. While there may still be some debts left to pay, in many cases Chapter 7 can be a business's best move.