How Much Debt Makes You Eligible for Bankruptcy? Some debtors wonder if you have to have a specific amount of debt in order to file for bankruptcy protection. In most cases you do not need a set amount of debt to file, but it depends on which chapter you are seeking protection with and other [...]

Financial experts actually have good things to say about bankruptcy. While filings increased greatly during the recession in 2008, the sudden surge of filers during this time was scrutinized by some experts as an unacceptable way for people to get rid of outstanding debt. But, if you are truly in a situation in which you [...]

Dealing with the reality of your financial situation may feel like a heavy burden, but filing for bankruptcy protection may be the only viable solution to get the relief you need. As an important step in regaining control over your finances, there are a few crucial steps you should take when making the decision to [...]

So, you have decided to file bankruptcy. While this option may be a difficult decision to make, it is significant as you have gotten even closer to establishing the fresh start and financial control you deserve. But, filing does include several processes including filling out forms, completing credit counseling, and appearing before a judge. It [...]

Every year over one million consumers use bankruptcy as a way to help resolve their debt obligations. Bankruptcy is a unique financial process that includes court-supervision to help stop legal action such as lawsuits, wage garnishment, collections, foreclosure and repossession . While bankruptcy is a powerful tool, you may wonder if it is the best option for you [...]

Bankruptcy is used by millions of consumers to help them regain financial control. As a significant financial tool it has been used to help stop repossession, foreclosure, and wage garnishment. You can obtain the fresh start you need or get help repaying obligations based on what you can afford without paying interest. It is common [...]

Debtors have the option of filing "pro se" (Latin phrase meaning for oneself), but they are warned the process includes levels of complication when tackled without a Fort Worth bankruptcy lawyer. Some think the process is simple since you can easily download forms required online to get your case filed. Although if you fail to [...]

Bankruptcy and Discrimination In most cases, you cannot be discriminated against because you filed for bankruptcy protection. There are agencies and businesses that may not deny, suspend, or revoke opportunities or privileges because of a bankruptcy filing. Yet, keep in mind there are a few establishments where rules are not as strict depending on the [...]

How long a bankruptcy case lasts depends on which chapter you file. Chapter 7 bankruptcy can eliminate or discharge eligible debt within a matter of months. Chapter 13 bankruptcy can help you repay debt obligations within an average of 3 to 5 years. Since each person's situation varies, the length of your case may also [...]

Deciding to file for bankruptcy is a major step toward financial freedom, that is, once you explored all of your options and thoroughly examined your situation. In getting an idea of whether filing is best for you, there are a few questions to think about that may put your circumstances into a better perspective. How [...]