Types of debt covered in a Chapter 13 bankruptcy
One of the possible consumer bankruptcy chapters that some people file when they need this protection is Chapter 13. This is known as the wage-earner’s bankruptcy because debtors have to set up a repayment plan that covers some of the debts they owe. In most cases, the payment schedule will coincide with the debtor’s […]
Know the qualifications for a Chapter 7 bankruptcy
Sometimes, a person who is deep in debt won’t have any assets or available money to pay off what they owe. Even making minimum payments is a big struggle. In these cases, a Chapter 7 bankruptcy might be in order, but only if the person can pass the means test. This is a set […]
Higher income levels can also lead to higher levels of debt
Many people inaccurately believe that only people with low income levels struggle with debt. Nothing could be further from the truth. Individuals with low income and bad credit typically can only receive a small amount of money on credit. Even if they secure multiple different forms of credit, from car loans to credit cards, […]
Beware of debt relief scams
Some people try to do anything they can to avoid having to file for bankruptcy. While this is a good thing for many, it is imperative that you make sure that you have a viable option that isn’t going to lead to you being scammed. There are some unscrupulous companies out there that prey […]
Regain control of your finances with bankruptcy
Your finances should be able to help you live the life you deserve. They shouldn’t be a source of constant stress. If you never have enough money to cover your bills, it is probably time for you to make some tough choices. One of these is whether you are going to continue to struggle to […]
Make the most of the fresh financial start bankruptcy provides
When you file bankruptcy, your financial situation is going to change dramatically. You must ensure that you are prepared for the changes that are going to come. One way that you can do this is to set your budget. This gives you an idea of what you can afford and provides you with a snapshot […]
Learn options to avoid vehicle repossession
Learning that your vehicle is in danger of being repossessed is a difficult situation. You probably rely on your car to get to work and run errands. Trying to stop a repossession from occurring is now your priority. We can help you find ways to prevent repossession of your vehicle. There are a few things […]
Be sure to answer these Chapter 13 bankruptcy questions
If you’re interested in filing for Chapter 13 bankruptcy, don’t hesitate to answer the many questions associated with the process. By doing so, you’ll better understand the benefits, potential drawbacks and where you fit in. Here are a handful of Chapter 13 bankruptcy questions, all of which deserve your attention: What is the process for […]
Chapter 7 bankruptcy gives you a fresh financial start
Taking care of your debts is likely important to you. There may come a time when you have too many debts without enough income. You may decide that you simply can’t pay some items, such as credit card bills, and still keep up with your normal life expenses. Chapter 7 bankruptcy might help you if […]
Paying down debts will work for some, but not others
When you have a high debt load, you have to think carefully about how you are going to pay that down. There are many options that you have, but you must consider how various options will impact you now and into the future. Finding the best order to pay off bills is challenging, but it […]
