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Chapter 7 Bankruptcy Archives

Suffering under a burden of debt when you can have a fresh start

Financial problems can put a huge burden on a marriage or a family. Believe it or not, there are few people that have not experienced them at some point in their lives. It is easy to believe that only people with little or no income experience financial problems, but the truth is people with a lot of money experience them just as much. The more money a person has, the more money that can be mismanaged.

Chapter 7 bankruptcy | Exploring the pros and cons

If you are reading this, you probably already know that debt can consume your life even as you struggle to pay down all of your bills. It is like taking a step forward only to be knocked back a few steps. If an emergency arises such as a serious illness or the sudden loss of income, any balance you may have reached will soon disappear, leaving you in even worse financial trouble.

How an attorney can assist with a chapter 7 bankruptcy

Here is a scenario we have seen with our clients. You have been struggling with your debt for a long time. After trying desperately to sort out the situation and get back on track, you finally realize chapter 7 bankruptcy is your solution. You assume that because you are so far in debt, working with a lawyer is out of your reach. However, you have trouble with your bankruptcy and don't know where to turn for help, leaving you even more in debt and at loose ends altogether.

Is it bad to spend money and then file for bankruptcy?

Everyone who is considering Chapter 7 bankruptcy is in a tough spot financially, and they don't have a lot of cash on hand. They still need to spend, but they don't want the courts to then accuse them of bankruptcy fraud, saying they were using credit cards just so they could then eliminate the debt without paying it back. What should you do?

Gander Mountain gets ready for bankruptcy

Gander Mountain got its start in Wisconsin. Back then, it was just based out of a small town, and it was a catalogue company, allowing people to order what they wanted and have it shipped to them. This was long before the Internet era, in the 60s, and the company thrived.