For the majority of Americans who are struggling financially, bankruptcy can offer a significant relief to their debt burden. Bankruptcy is a very personal decision, and it is important to consider all aspects including the cost of filing bankruptcy. Even
People who file for bankruptcy often have issues with their income, debt and/or credit. These issues prevent them from being able to qualify for loans. The type of bankruptcy the person has filed as well as their financial status prior
There are several reasons to file bankruptcy. Debtors usually choose to file either Chapter 7 bankruptcy protection or Chapter 13 bankruptcy protection. Most of the time the reasons are valid. However, it is important to discuss your current financial situation
Some people refer to Chapter 7 bankruptcy as a liquidation of debt. This type of bankruptcy allows the courts to discharge an individual’s debt as long as the debts meet certain guidelines. The courts created this type of bankruptcy to
Unfortunately, since the economic downturn, more individuals and businesses have faced bankruptcy. When most people think of bankruptcy, they think of Chapter 7. However, there are individuals who want to know when to file Chapter 13 bankruptcy. Although not necessarily