bankruptcy blog

A Chapter 13 bankruptcy is a form of debt reorganization. It allows you to restructure your debts and keep your property. Chapter 13 can be a good option if you have the money to stay current on your payments but need help with a large amount of debt.  Chapter 13 bankruptcy can help you: Get  … Read more

Foreclosure is a legal process where mortgage lenders can take a home from a homeowner that has defaulted on their loan. Typically, the foreclosure process can last from one to seven months, depending on the state you live in. However, there are situations in which a mortgage lender may begin the foreclosure process after the first  … Read more

There is a myth that filing for bankruptcy damages your credit. Many people even assume that a bankruptcy prevents you from getting credit again in the future.  In fact, many people miss out on the freedom from debt and opportunity to rebuild strong credit through bankruptcy due to these false ideas. However, the good news is  … Read more

One of the reasons people fail to secure proper debt relief solutions is due to fear of losing their property or assets. Much of this fear stems from myths about bankruptcy and a lack of understanding how the bankruptcy process works. Unfortunately, this often leads people to sit by and not take action; ultimately putting  … Read more

When you successfully resolve and complete a bankruptcy, your eligible debts will be labeled as “discharged“. This means that your debts are no longer enforceable for collections by the creditor. This is the ultimate goal of filing for bankruptcy and the desired outcome by anyone seeking debt elimination. The end result of a successful case  … Read more

Many families are facing the harsh reality of financial disaster with options running out.  With  many debt relief options available, it isn’t uncommon to be unsure of which solution is best for you. While debt consolidation loans and settlements are an option for managing financial problems, they may not be the right for your current  … Read more

After nearly one year amid a health crisis, long term unemployment is nearing record levels. One thought of as a historical marker none desire to see repeated again, times are beginning to mirror the record levels of The Great Recession. As more individuals, families, businesses, and institutions cling to operations today, many of these entities  … Read more

Nearly all retail industries took a huge hit to profitability, and sustainability, last year amid the pandemic challenges. Many have been preparing for Chapter 11 bankruptcy to restructure their debts and remain in business. In fact, the nation-wide video game retailer, GameStop, moved towards debt resolution in February of last year after closing some 800  … Read more

If you have experienced financial hardship, completed a bankruptcy, or experienced problems paying your mortgage you can still get a home loan. However, the process of rebuilding your credit after a bankruptcy or foreclosure takes time. Although it may not seem like it, you are likely in a better spot for future credit than prior  … Read more

The bankruptcy process can be a complicated legal process, and one that requires some effort on your part. If you are considering filing for bankruptcy, you likely have many questions that you want answered. One of the most common areas for questions about bankruptcy is related to what you need in order to file. When  … Read more