Personal bankruptcy is a way to put some of your debt burden behind you and start on a new footing to rebuild. But is it the right choice for you? Read more »
Pros and Cons of Chapter 13 Bankruptcy
Chapter 13 bankruptcy is different from a Chapter 7 liquidation, in that you file a repayment plan to help manage your debt. Read more »
Start Rebuilding Credit After Bankruptcy
After bankruptcy, how to rebuild credit is usually the most important concern you may have. What are your options if you want to rebuild bad credit after filing for personal bankruptcy? Read more »
First Consider The Negative Effects of Filing Bankruptcy
Before you consider filing personal bankruptcy, it's important to get the whole story on the negative effects of bankruptcy. I went through bankruptcy four years ago, and I am still sorry I did it. Read more »
What Are Your Domestic Support Obligations In Bankruptcy?
Many times, having support obligations, whether child support or spousal support, adds a heavy financial burden, even if it is necessary. When there are past due obligations, in addition to credit card debt, loan debt, or mortgage debt, a debtor tries to find a way out from under. However, bankruptcy is not a way to [...] Read more »
Do You Really Need A Bankruptcy Lawyer?
One of the biggest obstacles to filing for personal bankruptcy are the legal costs. The fees charged by the court are under $500 in total, but bankruptcy lawyers will charge you an additional $2,000 or more for services to file for bankruptcy. If you’re too broke to pay your credit cards and loan payments, how [...] Read more »
Chapter 7 Bankruptcy Information: What You Need To Know
This is the chapter that most people would probably like to file under, since it will wipe your slate clean so to speak of all debt. Chapter 7 is also called "Liquidation" because your assets will be liquidated, or sold, to pay your debt. Read more »