bankruptcy blog

Nobody likes the thought of going bankrupt and based on this they will put off seeking out a bankruptcy attorney to the last possible moment. Many people realize long before this that there just simply are no options open to them to help them with their heavy debt load. If it has gotten to the  … Read more

Having the thought of a possible foreclosure on your property hanging over your head is frightening and disheartening. It can put you into a state of panic and you don’t know which way to turn. If you are entering into a bankruptcy then it is imperative that you have the right legal representation. This creates  … Read more

If you’re thinking of creating a budget for yourself, you’re making a wise decision. Budgeting smart and keeping track of your cash flow is a great way to keep yourself in good financial standing, and to save up for bigger purchases you may not otherwise be able to afford. While budgeting doesn’t sound like fun,  … Read more

Bankruptcy has long had the stigma of being a last resort, and an admission of failure for a business. This is simply untrue. Bankruptcy is often a useful tool for climbing out of the financial holes that debt has left people in, helping them start a new chapter in their lives. If you need a  … Read more

When a person files for bankruptcy and the court discharges all debts, all future credit reports should reflect that change. Any debts that existed should be erased from the credit report so the former debtor essentially gets a blank slate. The only record of the debts that should be reflected in a credit report is  … Read more

Many people who have found themselves in financial ruin have exhausted all other options before resorting to bankruptcy. This might be considered noble or righteous behavior, but it is also unnecessary and can be dangerous. People can struggle to pay back debts for much longer than is necessary, and bring themselves to a financial point  … Read more

Everybody wants to give their children or spouse the best Christmas ever, and everyone wants to give family members the gifts they want and deserve. However, it is possible to be overzealous in your gift giving, and when the New Year comes you may find the consequences are worse than you expected. If you forget  … Read more

If you’re considering filing for bankruptcy, you may already be feeling overwhelmed with the various consequences. For many filers, the question of whether they can keep their homes and other property is at the forefront. The question “Can I keep my home with bankruptcy?” has a complicated answer, but there are a number of ways  … Read more

With the upcoming New Year, tax season is about to begin. For the first time ever, you’ll have to report your health insurance status on your returns. Whether you’re doing your taxes yourself or are working with someone else to handle the math, there are a number of factors to take into consideration to ensure  … Read more

If you are one of the millions of Americans who feel financially distressed and eventually decide enough is enough, bankruptcy can be a good way to start fresh and put the past behind you. However, haphazardly approaching the process can leave you in worse shape than when you started. Let’s take a look at some  … Read more