People who are considering a personal bankruptcy filing often have a lot of reservations. They may worry about the stigma associated with bankruptcy and also the financial implications of filing. Typically, a personal bankruptcy leads to the closure of revolving lines...
Month: November 2023
What’s the problem with payday loans?
A payday loan is a short-term loan that you take out as an advance. People sometimes turn to this when they have an immediate cost but they haven’t yet been paid. For example, say that someone is going to be paid $1,000 the following Friday. But their car breaks down...
How the automatic stay can influence bankruptcy timing
For some people, filing for bankruptcy is a decision that they make very slowly. They recognize that every month, their financial circumstances become a little more difficult. Eventually, when they have to start choosing what bills to pay, they decide to file for...
