Unemployed During Bankruptcy It's possible a job loss could affect the outcome of your case, yet it depends on which chapter you've filed. Losing your job will likely have an impact on how you maintain assets such as your vehicle and home. How your job loss affects your case may vary but unemployment benefits may [...]
Many believed the Affordable Care Act was the route to a better future. Not just for the current generations but for the future children of America. The reality is much more dire as the number of uninsured in the U.S. hit an all time high in June 2012. Texas is one state that has been [...]
Cash Advances and Bankruptcy A cash advance is known as either a payday loan or cash withdrawal from a credit card. A cash advance as a payday loan allows consumers to borrow money against their next paycheck. A cash advance as a withdrawal from a credit card allows consumers to withdrawal money from their available [...]
Clothier Mark Shale, based in Chicago, Ill. is one of the city's oldest specialty retail stores. The retailer filed for Chapter 11 bankruptcy protection this week as it continues to seek a buyer or additional financing to continue staying afloat. The retailer, which is over 80 years old, claims sales have dropped significantly in recent [...]
Choosing Which Bankruptcy Chapter to File Many debtors assume they can choose which bankruptcy chapter to file. In some cases you can choose which chapter to file, but you'll need to understand qualifications for each chapter before deciding. Yet, some may not have an option to choose. Bankruptcy laws require debtors to meet income requirements [...]
If you have fallen behind on your mortgage, Chapter 13 bankruptcy may be an option to consider to help you get caught up on missed payments. One of the most common reasons why Chapter 13 is filed is to cure a mortgage in default. The action not only helps in saving your home but in [...]
Experiencing a job loss can really shake things up when you're used to doing things in certain ways. You are forced to make financial changes that you may not be used to. It is important to remember that unemployment benefits are available for qualifying workers for a temporary time. Depending on how long you have [...]
Joey Lester, 48, and Bob Joles, 47, live in the state of Kentucky. They have been together for 16 years and recently got married in the state of New York. While the state of Kentucky doesn't recognize their union, they were however, able to file a joint bankruptcy petition that allowed them to reorganize their [...]
Consumers facing financial difficulties may look to borrow from their retirement plan, but how will this affect your bankruptcy case? It likely depends on which chapter you file and whether or not you plan to borrow from the plan before or after you file. There are several reasons why your decision to borrow from your [...]
Many debtors worry about what will happen to their home when they file bankruptcy. Many tend to steer away from the idea of filing in fear they will lose their home. The good news is that most people who file are able to keep their homes thanks to the homestead exemption. The exemption can be [...]