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 [...]
While having the ability to make payments on debt obligations is enough of a struggle alone, some debtors have to deal with an ex-spouse who has yet to start paying their share of the debt. You may have a divorce agreement that details that is responsible for making payments on certain debts, but it may [...]
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 [...]
Many debtors feel bankruptcy is their final option in helping them regain financial control. While there are filing fees and credit counseling fees that are required, many wonder how they can pay if they can't afford to pay their creditors. You may even have the notion of saying why bother paying for an attorney when [...]
Chapter 13 bankruptcy is a repayment plan that restructures debt obligations to help you make affordable payments each month. The plan is designed to help you get out of debt or help you catch up on debts you may have fallen behind on. Making a purchase in Chapter 13 such as a vehicle may be [...]