Financial problems can happen to anyone in Outagamie County whether it's a personal or business-related issue. One option that is often misunderstood, but is an acceptable way to get financial problems straightened out, is to file for Chapter 7 bankruptcy. Chapter 7 for businesses is a method that can be utilized to save the business or to gain a fresh start.
Personal bankruptcy options explained: Chapter 7 & Chapter 13
In recent posts we have talked about options to consider before bankruptcy. In some cases, it may be a good idea to try negotiating with creditors to see if that is a viable solution to your financial problems. If it doesn’t work or simply isn’t possible, bankruptcy is an option.
Is an inherited IRA safe in bankruptcy? Supreme Court says: no
There are a lot of myths about bankruptcy that make many people hesitant to pursue it as a solution to their financial problems. If the fears about bankruptcy could be summed up in a cartoonish image, it would be of a person being held upside down by his ankles and shaken in order to get all of the loose change to fall from his pockets.
Let's make a deal: Trying debt negotiation before bankruptcy
One of the most frustrating parts of being in debt is the harassment you might be subjected to from debt-collection agencies. There are laws governing how and when creditors can contact you as well as how they can and cannot seek to collect debts. That being said, many collection agencies call incessantly and may even engage in unethical or illegal collection practices.
