Getting to a point where you recognize that you need bankruptcy protections is difficult. Deciding how to file bankruptcy can be even harder. There are multiple forms of bankruptcy available. Most individuals will file either Chapter 7 or Chapter 13 bankruptcy....
Year: 2020
4 Popular misconceptions about filing for bankruptcy
Bankrupt is a position most people never want to find themselves in. However, while bankruptcy does come with some temporarily financial setbacks, having to file isn’t nearly as bad as the myths make it seem. Bankruptcy is a drastic action, but for those overwhelmed...
Why is going to the hospital so expensive?
If you can avoid the hospital, it’s good for more than just your health. It may actually have a dramatic impact on your bank account and your financial future. After all, medical bills are one of the leading reasons for bankruptcy in the United States. The reasons...
3 early warning signs that you could be headed toward bankruptcy
When you’re faced with overwhelming debt, bankruptcy can be an invaluable tool for helping you get your head above rough financial waters. That said, it’s even better if you’re able to avoid financial troubles altogether. A bankruptcy filing can take time and, yes,...
What is wage garnishment?
If you owe an outstanding debt, one way that the lender may try to collect is through wage garnishment. This is a legal process and therefore has to be properly ordered by the court -- a lender cannot just contact your employer on their own -- but it means you have...
New rule bolsters debt collectors’ ability to contact you
The Consumer Financial Protection Bureau (CFPB) was created to protect consumers after the 2008 financial crisis. However, the agency has approved a rule allowing debt collectors new avenues to contact you over past-due balances. Under the ruling, collection agencies...
A few ways to negotiate down your medical debt
We have discussed medical debt in our legal blog many times. We have even talked about the possibility of negotiating such debt to make it more manageable. In this post, our bankruptcy lawyers want to tell you how to begin the seemingly impossible task of getting your...
Can you protect your home during Chapter 7 bankruptcy?
Like many people who need to file bankruptcy, you may not have the means to satisfy your debts through a Chapter 13 repayment plan. You will likely fear the prospect of filing Chapter 7 bankruptcy, though, since it could cause you to lose your home. Keeping it after...
Considering bankruptcy and engaged to be married? Which should you do first?
If you’re planning to get married in the near future, it’s always best for you and your spouse-to-be to talk with each other honestly about your finances. This includes not just your current financial situation, but your attitudes towards spending vs. savings and your...
Don’t let fear of bankruptcy stop you from getting out of debt
Millions of Americans file for bankruptcy every year. Then there are millions more who could benefit from filing for Chapter 7 or Chapter 13 bankruptcy but don't. People who put off or avoid bankruptcy have many reasons for their actions. Fear is one of the biggest....
