It is natural to feel wary of your family’s future once you have declared bankruptcy. Unfortunately, bankruptcy often does affect not only the debtor who filed, but also the family. Learn more about some of the most common concerns about the effects of bankruptcy on family members. Will Filing Bankruptcy Affect Your Family’s Belongings? Whether or not you lose possessions such as vehicles and homes will depend on the chapter of bankruptcy you file. In addition, the court will take… Read More >
Feb 7
Understanding Bankruptcy Laws
It is never fun when a person has to file for bankruptcy, but sometimes an individual is faced with no other options and in the end it can provide some financial relief. However, when you file, you will need to be prepared to answer some personal questions about your finances. You will also have to decide whether you want to continue dealing with your creditors. Understanding bankruptcy laws will help you figure out if filing for bankruptcy is best for… Read More >
Jan 2
How to Get Auto Loans after Bankruptcy
Even if you have recently found yourself in bankruptcy court because of past financial issues, this does not mean that you cannot purchase a vehicle. There are several ways to get auto loans after bankruptcy. Lenders approve auto loans frequently to individuals who have filed for bankruptcy. However, its important for consumers to know that the interest rate on this type of loan can be extremely high. The best way to purchase a vehicle after bankruptcy is to comparison shop… Read More >
Dec 8
What You Should Know About Small Business Bankruptcy
If your small business is struggling financially and you are considering filing for bankruptcy, there are several options that you may want to consider. There are a few types of bankruptcy that may be beneficial to small business owners. However, the type of bankruptcy commonly referred to as “business bankruptcy” may not be the best option for small businesses. Many business owners who are sole proprietors often choose to file a personal bankruptcy and add their business debts in the… Read More >
Dec 2
Repossession And Bankruptcy: Can You Prevent Your Vehicle From Being Repossessed?
Unfortunately, if you are not up to date with your car payments, the lender has every right to repossess the vehicle at any time without giving you notice. However, if you file for bankruptcy, the repossession may cease and you may even have the opportunity to get your vehicle back. Once you learn more about the different types of bankruptcy, you will have a better understanding of how the combination of repossession and bankruptcy is not the definitive on whether… Read More >
Nov 8
Does Chapter 7 Eliminate Debt?
Many debtors believe that by filing for bankruptcy their debt will be erased. Unfortunately, this is not entirely true. The type of debt the individual has and the chapter of bankruptcy he or she decides to file will be major factors in deciding the type and amount of debt that is erased. These individuals may be particularly interested in Chapter 7 and wonder does Chapter 7 eliminate debt. What Is Chapter 7 Bankruptcy? Chapter 7 bankruptcy was designed to help… Read More >
Nov 2
Does Personal Bankruptcy Affect Business Owners?
If you are a business owner and you are planning to file for bankruptcy, you may be wondering does personal bankruptcy affect business owners. Business owners should discuss their potential Chapter 7 bankruptcy filing with an experienced bankruptcy attorney. There are several factors that you should be aware of before you file for bankruptcy as a business owner. The Factors That Business Owners Must Consider The first thing that business owners should consider is the protection of their businesses. Are… Read More >
Oct 1
The Answers to Common Bankruptcy Questions
You should make a decision to file for bankruptcy only after you have considered every other option and you have determined that filing for bankruptcy is the only way to get your finances back on the right track. There are answers to common bankruptcy questions that most debtors look for before making their final decision. However, any questions you have should be answered by an experienced bankruptcy attorney in your area. What Does It Mean To Declare Bankruptcy? When an… Read More >
Sep 4
Georgia Bankruptcy Laws: What You Should Know Before You File
You may be wondering why you should file bankruptcy. When you decide to file Chapter 7 or Chapter 13, you have not thrown in the towel on your financial situation. You are simply giving yourself a new financial start. Many residents in Georgia file for bankruptcy every year, and once you are aware of Georgia bankruptcy laws, you will be better prepared during the process. Georgia Bankruptcy Laws Georgia residents should be aware that the recent changes in the bankruptcy… Read More >
Aug 4
Student Loan Bankruptcy: Can The Debt Be Discharged?
Although student loans allow many to graduate from college and pursue the careers of their dreams, they can also be very devastating to a person’s financial situation. The monthly payments may be too much for someone who has just graduated and is looking for stable employment. In fact, it is not uncommon to find that there are a large percentage of new college graduates who have gone several months without making a payment towards their student loans. This is one… Read More >
