Choosing to file for bankruptcy is never an easy decision, but once you’ve made that decision, it’s important to be certain you don’t do anything that could hurt your bankruptcy case. The laws on Chapters 7 and 13 bankruptcy are complex, the best approach is to consult with a bankruptcy lawyer before filing. It’s also…
Bankruptcy is a legal remedy to restructure or eliminate debt loads that individuals can no longer repay. Often bankruptcy is the result of unexpected financial setbacks such as medical bills or loss of employment. In some instances, bankruptcy protection may be needed a second time by an individual who has already sought bankruptcy protection in…
When a money judgment is obtained against an individual or entity, it establishes a monetary sum that the person filing the lien is entitled to recover. One method of obtaining payment on the judgment is to file it as a lien against property owned by the person who owes the debt. When a judgment is…
Small and large businesses alike must sometimes file bankruptcy when debts become unmanageable. If you’re a small business owner and find yourself in this situation, we understand you’re worried about your future and there’s a lot you’re concerned about. The guidelines and rules surrounding business bankruptcies can be confusing for anyone to understand. Because of…
Small business owners and other self-employed people have different reasons for filing bankruptcy. Personal or business debts might be to blame for a lack of financial security. However, most small business owners don’t want to risk losing their business as a result of bankruptcy. They attempt to keep certain assets private. If you’re a self-employed…
Throughout life, there are instances when navigating finances can become overwhelming. For individuals and businesses experiencing unmanageable debt, filing for bankruptcy is a viable solution that can offer you a fresh start. There are, however, major differences between personal bankruptcy and business bankruptcy that you should understand before filing. If you’re investigating the possibility of…
Starting and running a small business can be challenging. From finances to inventory and everything in between, there are plenty of major tasks that need to be managed. Unfortunately, every year many small businesses fail due to struggling finances. If your business is currently running in the red, it’s easy to become overwhelmed trying to…
When you’re facing financial hardship, a personal loan is an option to help make ends meet. When you take out a personal loan, you’re required to sign a document that outlines the terms of that loan. After reviewing loan terms, a common question people ask is “Can I sign away my right to file bankruptcy?”…
Members of the military make significant sacrifices to protect our country. They leave their homes, families, and everything familiar to them to defend the rights of U.S. citizens. When military members return home, many face challenges related to their finances. Unfortunately, lending companies are aware of this and take advantage of their vulnerability via predatory…
In the U.S., the average person has $38,000 in personal debt not counting home mortgages. Add that to the fact that there’s more than 1.53 million dollars in student loan debt in the U.S. and it’s easy to see why there’s a true debt crisis in this country. Debt can be a crippling burden for…
