Filing bankruptcy enables a debtor to repay his or her debts to the creditors. Several advantages come with filing for bankruptcy. This includes an automatic stay, which takes effect immediately once the bankruptcy court has approved your bankruptcy petition. This may protect you from creditor harassment and wage garnishment. Struggling with debt and financial problems…
The bankruptcy process helps an individual resolve his or her financial problems and pay back debts. Filing for bankruptcy may cover credit card debt, medical debt, and certain tax debt, among others. A bankruptcy attorney can help you understand how to file a bankruptcy petition and proceed with debt management when necessary. Without sufficient knowledge…
Building your credit after bankruptcy is not impossible. One way to do so is by setting up a credit card account. One can go through a credit card application during a bankruptcy filing. However, given your debts, it would be especially challenging to get credit from card companies. If you are currently filing for bankruptcy…
