Know your options when you are considering bankruptcy
Filing for bankruptcy is a big undertaking that you need to think carefully about. When you make the decision to move forward with it, you must be prepared to do what is necessary to get the case completed successfully. For individuals, there are two types of bankruptcy that are most common. There are a few […]
You have obligations when you file for bankruptcy
Don’t assume that filing for bankruptcy is an easy way to handle debts. When people file for bankruptcy, they have to take the time to learn what obligations they have. A person who files for Chapter 13 bankruptcy has very specific responsibilities. Before you file for bankruptcy, you will have to go through credit counseling […]
How will bankruptcy impact my finances?
Filing for bankruptcy isn’t a decision that most people come to overnight. Instead, it is often made after taking a serious look at their financial state. When you do decide that you are going to file, you have to think about how this decision will impact you now and into the future. There are two […]
Know what you need to do after a bankruptcy
Most people never think that they will have to file for bankruptcy, but the ones who do have to realize that this isn’t an instant answer to the issues that they are facing. It is imperative that anyone who is filing understands some of the important things they need to do after he or she […]
An automatic stay offers immediate relief in bankruptcy
The events leading up to having to file for bankruptcy often include having to deal with multiple creditor phone calls per day and harassing letters. This is disheartening and can lead to emotional turmoil. When you file for bankruptcy, you will receive an automatic stay that prevents creditors from being able to contact you about […]
Chapter 7 bankruptcy has pros and cons
Filing for bankruptcy is a huge deal because there are pros and cons that you might have to deal with as part of the process. When you aren’t able to make payments on the bankruptcy-related debts, you might need to file a Chapter 7 bankruptcy. This is also known as a liquidation bankruptcy because your […]
Choose your bankruptcy filing type very carefully
Bankruptcy isn’t something to be ashamed of. In the past, having to seek this protection was usually kept a secret. Now, we realize that filing bankruptcy is actually more responsible than just avoiding your creditors. Once you make the decision to file, you need to decide what type you will file. For most people, the […]
If you want to file bankruptcy, how fast should you do it?
You know that bankruptcy is coming. You owe $25,000 on various credit cards. You lost your job through no fault of your own — the company went under and all the employees lost their jobs — and now you’re just working part time. As a result, you can afford to pay about half of what […]
Bankruptcy and celebrities
Debt is not partial to any particular group of people. No matter where you come from or where you have been, you might find yourself in a financially poor situation. Seems the latest celebrity to join the ranks is Lisa Marie Presley, who once had claim to a $100 million fortune. Her fortune is now […]
Bankruptices decreasing in Wisconsin
Most of us can remember the poor economy at the end of the last decade. According to U.S. Bankruptcy Court records, bankruptcies peaked at nearly 30,000 filings in 2010. However, it appears that the economy might be on the upswing after all. Since 2010, the number of filings has been steadily decreasing. Wisconsin appears to […]
