Bankruptcy is known for providing financial relief in various ways that help debtors get a fresh start and regain financial control. You may be able to stop foreclosure, prevent or regain utility service, or avoid repossession. You have the ability to get help through bankruptcy through the following: Automatic stay to stop collection attempts from [...]
How Filing Bankruptcy in January Can Help Your Finances With the start of a new year, many consumers considering bankruptcy may wonder when it is a good time to file. You may be surprised to learn that now may be the best time. Discussing your options with a bankruptcy attorney may help you understand timing [...]
What happens when a creditor has a judgment against you? Some debtors make the mistake of ignoring the summons and experience a rude awakening when their wages or their bank account gets garnished. You have a certain amount of time to answer the judgment before further legal action is taken against you. If you fail [...]
Payday loans can help you take care of emergency situations, but some find it frustrating when they have to start rolling over their loan or take out multiple loans just to make ends meet. Some debtors are worried about what may happen if they plan to file bankruptcy and want to stop payment on a [...]
Getting the outcome you deserve for your financial situation includes having the right legal representation in your corner. Taking time to choose a good bankruptcy attorney may save you headache and frustration down the road. Debtors have been known to choose an attorney based on an advertisement, price or claims in what they say you [...]
One of the reasons why debtors are highly encouraged to seek legal representation when filing bankruptcy is to ensure their case goes through the system in a proper manner while avoiding common pitfalls. Filing on your own may seem simple enough when you are able to download documents online, but many have no idea what [...]
Traffic Tickets and Bankruptcy Have you accumulated traffic tickets you have been unable to pay? You may be able to eliminate the debt in bankruptcy with a few exceptions to the rule. Usually in bankruptcy certain debts related to government fines and penalties may not be eligible for discharge in Chapter 7 bankruptcy. But, Chapter [...]
Bankruptcy schedules are an overview of your financial situation but in more detail. This information includes commonly disclosed details about a debtor's financial background that is presented in your bankruptcy case. This includes income earnings, expenses, debts and assets. The schedules help the court assess your situation. They should be filed out accurately and to [...]
A recent report released by the National Consumer Law Center (NCLC) shows evidence that debt collectors may be forcing more families into poverty. The report claims that many states across the country may not offer as much protection to consumers from debt collectors that allow them to sustain necessary living needs when it comes to [...]
Whether you plan to file bankruptcy in the near future or it is something you are considering, one aspect to help you understand your financial situation includes reviewing outstanding debts owed. Many consumers have a good idea of which creditors they owe, but sometimes things can become questionable when a debt collector contacts you out [...]