Filing for Bankruptcy Protection—How Long Should You Wait?
Is It Better to File Right Away or Try Other Options? If you're struggling to make mortgage or rent payments because of the economic downturn caused by the coronavirus, you're not alone. According to a recent report in The Washington Post, more than … [Read more...]
Can Bankruptcy Improve Your Chances of Getting Credit?
How Filing for Bankruptcy Can Make You a Better Credit Risk If you've suffered significant financial setbacks during the pandemic, or as the result of uncovered medical expenses, you may be reluctant to seek bankruptcy protection out of concern that … [Read more...]
Protecting Home Equity in a Bankruptcy Proceeding
Make the Right Decision About Filing for Bankruptcy If you’ve been furloughed or laid off because of the coronavirus pandemic, or fear potential financial challenges as virus numbers resurge, you may worry about keeping a roof over your head. Can … [Read more...]
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Factors to Consider When Contemplating Bankruptcy
Making the Right Decision about Filing for Bankruptcy Protection When you're struggling to make ends meet, whether you've lost your job, incurred substantial medical bills or gone through a divorce, the relief available through a personal bankruptcy … [Read more...]
Filing for Bankruptcy Without Losing Your Property
Getting a Fresh Start Without Losing Everything You've lost your job because of the pandemic, or you've just gone through a divorce. Maybe you suffered an injury or illness and have considerable unreimbursed medical expenses. A personal bankruptcy … [Read more...]
Credit Counseling Prerequisite for Personal Bankruptcy Filing
Debtors Must Receive Counseling Prior to Bankruptcy Petition If you're struggling to make ends meet because you've lost your job, incurred substantial out-of-pocket medical expenses, or gone through a divorce, you might consider bankruptcy filing as … [Read more...]
Legal Actions Not Affected by Bankruptcy Filing
Bankruptcy Won't Stop All Legal Proceedings If you're struggling to make ends meet, a personal bankruptcy filing can help you get a fresh start. When you file for bankruptcy protection, an automatic stay immediately goes into effect. This stay … [Read more...]
Discharging Debt in Chapter 7 Bankruptcy
Which Debts Can Be Discharged and Which Cannot? When you're considering bankruptcy options, the ability to permanently discharge certain debts in Chapter 7 can be very appealing. To qualify for Chapter 7, you must pass the means test by … [Read more...]