Did you lose your job and you just haven't been able to find a new one? Perhaps you used all of your savings to start a new business, but that experience turned out to be nothing but a disappointment. Whatever the case may be, it might be that you have gone through all of your savings, and now it's even probably impossible for you to pay your bills. With Christmas coming so soon, you might have even come to the realization that this will be a lean Christmas all around.
19 September 2018
If you are unable to pay your bills, there are a number of consequences to be aware of. Creditors can make your life miserable with debt collection letters and calls, you can lose your property to foreclosure or repossession, you might be sued, and much more. One of the most hard-hitting of those consequences is wage garnishment. Read on to learn how this technique works and what you can do to put an "
8 August 2018
A lot of people that file for Chapter 7 bankruptcy end up in this position due to credit card debts. Having credit cards is a good idea if you use them responsibly; however, credit cards can be dangerous for many people. Using a credit card is just so easy to do, and that is often why people end up owing more debt than they can repay. If you can relate to this and want to file Chapter 7, you should evaluate the situation to see if this is right for you.
21 May 2018
If you find that you are struggling to make your debt payments each month, you may wonder what options can help alleviate the financial strain of your payments. One solution is to file for chapter 13 bankruptcy. A chapter 13 bankruptcy is basically a type of debt consolidation plan that requires you to repay a portion of your debts over three to five years. Once you complete the payment plan, much of your remaining debt is dismissed.
19 March 2018
Have you fallen behind on your mortgage payments to your lender? If so, you may be facing foreclosure and losing your home. It is important that you know what the foreclosure process will be so that you know how much time you have to act. You'll Receive the Notice of Default The first step of foreclosure is getting the formal letter from your lender that they have decided to foreclose on your property.
9 February 2018
Knowing the person charged with overseeing your bankruptcy is crucial, since their actions and even the way they are compensated could affect your chapter 7 bankruptcy filing. You may first hear about this person, known as a trustee, when you receive your initial bankruptcy paperwork from the federal court after your filing. Read on to learn about your potential encounters with this trustee and the way they get paid. Property Inspection
9 November 2017
One of the best individuals that you can turn to if you are struggling to pay your bills or are no longer able to make your monthly payments to your creditors is a bankruptcy attorney, mostly because they will often be able to provide you with a number of different debt resolution options that can help you deal with this financial difficulty. Listed below are two reasons to hire a bankruptcy attorney:
7 September 2017