Are My Children’s Assets Protected in Bankruptcy?

Bankruptcy / Medical Bills

Medical Bills May Surpass Credit Card and Mortgage Debt as Leading Cause of Bankruptcy

A recent study continues to confirm one of most leading causes of consumer bankruptcy: medical bills. Yet, the study also brought to light other significant points that may hint medical bills may become the number one reason why bankruptcy is filed.  Unpaid medical bills may surpass mortgage debt and credit card debt for various reasons,… Read more »

Bankruptcy / Chapter 13 Bankruptcy / Chapter 7 Bankruptcy

Getting Rid of Back Taxes in Bankruptcy and What You Should Know

Bankruptcy can help you eliminate back income taxes depending on your situation and qualifications. You can file Chapter 7 bankruptcy to discharge tax debt that qualifies under the bankruptcy code. If your debt does not meet these qualifications, you may consider Chapter 13 bankruptcy to help you repay what you owe based on your income… Read more »

Business Owner / Debt / Filing Bankruptcy

Deciding to File a Personal Bankruptcy as a Business Owner

With the economy still struggling to bounce back, many people have decided to start their own business when they were unable to gain employment. Having an entrepreneurial attitude during an economic downturn can be beneficial with proper planning.  Yet, even self-employed individuals and those with a business run into financial problems and wonder if bankruptcy… Read more »

Chapter 13 Bankruptcy / Chapter 7 Bankruptcy / Filing Bankruptcy

How Bankruptcy Can Be Used as a Financial Planning Tool

Filing for bankruptcy doesn’t have to mean you’ve given up on your finances. You don’t have to keep struggling in figuring out how you will meet necessary financial obligations month after month.  Chapter 7 bankruptcy can help you wipe out debts while Chapter 13 bankruptcy can help you pay them with an affordable repayment plan…. Read more »