Chapter 13 bankruptcy provides protection against further collection action and allows for debts to be restructured into a payment plan. The filing reorganizes debt to help a debtor pay it off within a set time period. At the end of the period, if there is an unpaid balance it may be discharged if the debt is [...]
Married Couples and Bankruptcy While married couples have the option to file jointly, either spouse has a right to file separately. Filing separately usually makes sense if you and your spouse have separate accounts with creditors before making the decision to file. There are a few issues to keep in mind that could affect your [...]
Determining If You Should File For Bankruptcy Bankruptcy may be your best option if you have exhausted other debt reduction options and still find yourself falling further behind. Even if you have filed bankruptcy in the past, you may qualify to file again. If you are considering bankruptcy it is important to review outstanding debt [...]
Protecting Your Identity and Bankruptcy It's safe to say that filing for bankruptcy is one of the few times in your life when you'll expose every financial detail about yourself. From credit reports to tax returns, no financial stone will be left unturned - and that can lead to some startling discoveries regarding potential identity [...]
What to Do if a Creditor Harasses You You've started the proceedings to declare bankruptcy some time ago - and yet your creditors are still calling you constantly. There's not a moment's peace from these creditors: if they're not contacting you by letter, they're contacting you throughout the day, be it at work or at [...]
Filing bankruptcy - as with most financial decisions - should never be taken lightly. After all, a Chapter 7 or Chapter 13 bankruptcy has the power to stay on your credit score for years to come. And in those following years, you could miss out on opportunities if you don't know how to use your [...]
Credit Repair After Bankruptcy After declaring Chapter 7 or Chapter 13 bankruptcy , you might feel tempted to shun your financials for a little while. After all, you've probably spent months staring at financial statements and bills with your bankruptcy lawyer - and the last thing you want to do is look at more! However, [...]
Homeowners may experience changes to their finances that affect whether they can make mortgage payments after a loan modification. Some homeowners in this situation may find it challenging to determine a solution if their lender isn't willing to work with them, especially if foreclosure is looming. While many try to avoid filing for bankruptcy, this [...]
When it comes to declaring a Chapter 7 or Chapter 13 bankruptcy , it's crucial to have the right team of experts by your side. That's why locating and selecting a great bankruptcy lawyer in Dallas is one of the most important steps you'll take when declaring bankruptcy. A great bankruptcy attorney can do more [...]
Trying to Avoid Bankruptcy? The title of this article might shock you; after all, you're avoiding bankruptcy because you want to maintain good financial behavior. Everyone has been telling you that bankruptcy will ruin your credit for life, and you're not ready to give up the good fight yet. So you keep chipping away at [...]