Reporting Discharged Debt in Bankruptcy on Your Taxes Some people may wonder if they need to report the amount of debt they got discharged in bankruptcy when they file their taxes. For the most part, this may not be anything to worry about although it is something you can review with your bankruptcy attorney or [...]
Is filing for bankruptcy really as damaging as you think it is? For a while, people have been avoiding bankruptcy because of the supposed negativity that happens afterwards. Things really have changed and as more consumers get educated about bankruptcy and how it can help you, you may see this option in a new light. [...]
Online Payday Loans and Bankruptcy Consumers who find themselves in a bind may consider getting a payday loan or cash advance against their next paycheck. There are local locations in which you may apply for a payday loan in person and get the cash you need right away to take care of important expenses. Then [...]
If you are wondering if bankruptcy is the right option for your finances, it may help to review how filing has helped millions deal with their finances. There are advantages to filing that has helped debtors get back on track and gain financial freedom to move forward with their lives. The following points may include [...]
Debtors looking for relief from constant phone calls and mailings from bill collectors may wonder about how bankruptcy protection works. You may see and hear advertisements on the television and radio about using bankruptcy to stop bill collection activity, but many may not understand how the process works or even realize they may qualify to [...]
If you are concerned about the possibility of losing an asset, then you may want to review options on how to protect them legally prior to filing bankruptcy. Most debtors who file either chapter (Chapter 7 or Chapter 13 bankruptcy) have been able to keep their property after getting a better understanding of how to [...]
Sometimes you may hear about a person filing bankruptcy and their case may not have the ending they were looking for. Sometimes a case can be dismissed or the debtor could end up losing their assets when they decide to do things differently instead of going by the code. Other times a poor result may [...]
As parents you try to do everything you can to ensure the well-being of your family. Sometimes it can be difficult to talk to your children about financial problems, especially when you can't afford to get them that special something they wanted. Other parents may not think their filing will affect their children, and in [...]
If you filed bankruptcy in the past you may have questions about whether to file again. Understanding when you can file again is important to help save time and money. But, technically speaking, if you received a discharge when you filed previously, this helps in determining when you can file again, if you are looking [...]
Most debtors who file bankruptcy want to complete the process as soon as possible to get the relief they need. Yet, doing certain actions beforehand can hinder the end result of your case. Consumers are encouraged to learn about the filing process, but you should also keep in mind of actions to avoid if you [...]