Thursday, April 1, 2021

Third Stimulus Check Garnishment - What You Need to Know

https://www.youtube.com/watch?v=ZbBdu7zmPRI




How Much Does Filing Bankruptcy Cost?

How much does filing bankruptcy cost? To answer this question, you first have to define what kind of bankruptcy you are filing. Personal bankruptcy is filed as Chapter 7 bankruptcy.

Before and After Filing For Bankruptcy

Many people fear the bankruptcy process unnecessarily. The truth is that much of what people fear about bankruptcy is related to myths and misconceptions about the process. The best way to combat false information is through consumer education.

Why NOT File for Bankruptcy? The Reason May Be Different Than You Think

Bankruptcy law doesn't exist to protect those with nothing. Bankruptcy law exists to protect people who still have assets, enabling them to save those assets and avoid losing everything. A permanently "judgment proof" person shouldn't wast money on a lawyer or blow their once-in-eight-years shot at filing for bankruptcy. However, a person who has assets but is in danger of losing them should consider bankruptcy among their options.

When Businesses File Bankruptcy

The economy hasn't just been tough on consumers, but businesses are also struggling more than ever before to maintain profitability and keep their doors open. With so many high demand companies taking the plunge into bankruptcy, consumers are wondering what exactly this means for the fate of a business.

Should You Consider Chapter 7 or Chapter 13 Bankruptcy?

When you find yourself unable to pay the bills and meet monthly expenses, you may find yourself considering bankruptcy. Bankruptcy may or may not be the right option to choose when your debts create unbearable stress.

Medical Debt In Bankruptcy

Many people are uninsured or underinsured simply because they cannot afford to pay for health insurance. This becomes a big burden in the event an accident, illness or chronic medical condition develops. One of the most troublesome types of debts among Americans today, especially the elderly, is medical debt.

Divorce and Bankruptcy: Surprising Results

Separation Agreements that are incorporated into a divorce decree (and decrees of divorce themselves) pose difficult and sometimes unexpected results in bankruptcy. Many of the general rules of bankruptcy can be dramatically altered with a separation agreement or divorce decree.

When Bankruptcy Is Your Only Option

You have probably tried everything to avoid it. Perhaps you have consulted with your bank and other lenders, borrowed money from friends and relatives, and sold or pawned anything of value. If you find your debts are not completely relieved and you have no other source of money to help, bankruptcy could be the last option left for you to take. It is not uncommon to equate filing for bankruptcy with a personal failure, but know it can represent a renewal stage in your life, one that helps you regain financial footing and work toward paying what you owe.

Loans And Credit After Bankruptcy

One of the most feared aspects of filing for bankruptcy is the future effect on getting credit or loans. While bankruptcy itself doesn't damage one's credit, there are still some challenges that must be faced when securing credit after bankruptcy. However, knowing what to expect and how to find the right type of credit can be the difference in success or failure.

Debts In Chapter 13

There are risks and benefits to either type of personal bankruptcy filing, but many people find Chapter 7 to be the more desirable type of case. When searching for debt elimination, Chapter 7 is your best option. However, not everyone will qualify and many people will end up filing for Chapter 13 instead.

Bankruptcy Timeline: What to Expect After Declaring Bankruptcy

Before making the decision to declare yourself bankrupt, it will be very beneficial to understand the sequence of events that will come after doing so. Therefore, knowing the timeline of the bankruptcy process could prove to be very beneficial to the outcome of your case.

Purchasing A Home After Bankruptcy

Going through the process of a bankruptcy can be an exhausting and disheartening experience. It is especially true if you have dreamed of buying a home and your bankruptcy is preventing that from happening.

Questions To Ask A Credit Counselor

Credit counselors are extremely underutilized by consumers and many who do seek their services have little knowledge of what they are looking for. Knowing the right questions to ask can ensure you get the most out of your credit counseling experience.

Credit Before and After Bankruptcy

One of the biggest areas of concerns for anyone considering bankruptcy is what will happen to their credit. The truth is, bankruptcy does not damage credit, but missing payments does. While there aren't many negative effects of bankruptcy on credit, there is still much to consider about your credit standing before you file for bankruptcy.

What Is Chapter 7 Bankruptcy?

Chapter 7 is the most common chapter of the bankruptcy provisions in the United States. Chapter 7 is a liquidation, or straight, bankruptcy and is used by individuals (other chapters are for businesses, farmers etc).

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