There's no denying that it's time to file for bankruptcy. You've been struggling with insurmountable debts for several years now, and it's not getting better anytime soon. The debts are piling up, creditors are pounding on your door, and you've been losing sleep at night over how you can pay for these bills. Fortunately, filing [...]
Stopping Wage Garnishments Stopping a garnishment enforced by the Internal Revenue Service (IRS) can be done by utilizing several options. The main objective is to settle what you owe in taxes by working with the IRS or a tax expert to determine the best solution for your situation. You can either pay what you owe [...]
Bankruptcy Credit Counseling Whether you declare a Chapter 7 bankruptcy or a Chapter 13 bankruptcy , the courts will require that you enroll in and successfully complete a credit counseling class before you can have your debts discharged. This is more than just a mandatory part of declaring bankruptcy - the courts regard it as a crucial move [...]
Getting a loan modification while you are struggling to pay debt can be a major concern for homeowners. Some people even accumulate additional debt while trying to save their home or prevent foreclosure. This may happen when a homeowner uses their credit cards to make mortgage payments or skips making payments on other obligations. Bankruptcy [...]
What You Should Know About Debt Lawsuits When creditors don't receive payment for debt that is past due or accounts that are delinquent, they may look to exercise their legal options in collecting from debtors. A lawsuit may be filed against you through a small claims court or federal court, depending on how much you [...]
How Do I Stop Creditors From Calling Me? Under U.S. bankruptcy law, petitioning for a Chapter 7, Chapter 11 or Chapter 13 bankruptcy means that creditors must immediately stop all of their collection efforts. However, it might seem as though a few of your creditors didn't get the notice. The collection letters are still being [...]
Bankruptcy and Pending Lawsuits In many cases, bankruptcy can affect lawsuits pending against you depending on the chapter filed. Chapter 7 bankruptcy discharges debt while Chapter 13 restructures debt. It's common for consumers to seek bankruptcy protection if being sued but depending on the debt in question, bankruptcy may or may not impact the lawsuit. A [...]
Bankruptcy Regulations Bankruptcy can certainly come in handy when it's time to protect your finances - and your mental well-being. After all, if you've been struggling to repay insurmountable debts for years now, filing for a Chapter 7 or Chapter 13 bankruptcy can give you the light at the end of the tunnel you've been [...]
You're Certain You're Ready to File for Bankruptcy You're sick of dealing with the financial burden that comes with years of debt. You're tired of feeling like lenders and debt collectors are constantly harassing you - and you're ready to do whatever it takes to make them go away. That's why you've started researching bankruptcy; [...]
Filing Bankruptcy When Unemployed Being in a tough financial situation can make decision making a challenging process. Unemployment often doesn't make things any better. While many who are unemployed think it is impossible to file bankruptcy, depending on your situation it may make sense to file when you gain employment. Review your situation in detail [...]
