Bankruptcy

steps in bankruptcy

Struggling with debt is extremely difficult and when you feel that you are in too deep and that you cannot pay it off, you may consider filing for bankruptcy. Although it is a last resort, bankruptcy can bring relief from the financial pressure you are feeling and can stop the…

"wage garnishment" written on a sticky note near credit card bills

Wage garnishment occurs when a collection company or creditor starts legal action to take some of your wages, money held in your bank account, or other assets you own. When creditors are successful with their case, they will contact your employer and ask them to deduct a certain amount of…

Gavel on top of bankruptcy law book

If you have filed for bankruptcy, whether a Chapter 13 or Chapter 7, it is encouraging to know that the proceedings are fairly straightforward. Even though it is likely a very emotional time, once the process is finalized, it can also bring an immense amount of relief. One complication that may arise, though,…

bankruptcy petition

If you are thinking about filing for bankruptcy, there are many things you should take into consideration. There are both pros and cons associated with filing for bankruptcy, and it is important that you understand what those are so you can know what to expect once your case is over….

gavel

Most people who file for bankruptcy are drowning in debt and want to get that debt discharged. In a Chapter 7 bankruptcy, the debt is discharged in exchange for the debtor relinquishing certain assets, such as their home or their vehicle, in order to repay the debt. In some cases,…

bankruptcy court

Many people considering filing for Chapter 7 bankruptcy when they are drowning in debt. After filing for Chapter 7, a person’s property is sold off to repay their debts. Even if a person doesn’t have property to sell to pay off the debt, their debts may still be discharged or…

bankruptcy claim

You have made the very difficult decision to file for bankruptcy. You’re looking forward to taking back control of your life and your finances. So, why are you still receiving phone calls and letters from creditors? This is a discouraging situation. Unfortunately, it’s one many find themselves in even after…

past due`

No one ever has a goal of going bankrupt. Many people will do anything they can to delay the process, although in the end, it may be inevitable. On the other hand, sometimes people may file for bankruptcy when there are other options, such as debt consolidation, that could help….