The bankruptcy process is often one met with apprehension for more reasons than one. The initial and most widely shared reason for such feelings is due to the public perception of filing for bankruptcy. The media has instilled into the masses that those who file for bankruptcy are broke and looking for a way out,…
For anyone who has graduated from an institution of higher learning or at least attended one, you may have had to take out a student loan. As convenient as they may have been, one often doesn’t realize the full scoop of the debt they’re accruing until it’s time to pay it back. This generally begins…
Deciding to file for bankruptcy can take a toll on an individual or business, but it does not mean being stripped of all your assets and possessions. On the contrary, filing for bankruptcy can help you turn over financial hardships you are currently facing and prevent succumbing to eternal debt. Bankruptcy is not a one-size-fits-all…
Louisiana is home to millions of debtors. One thing that they all have in common is the desire to live a debt-free life. With this in mind, many of them pursue debt relief options to help them get closer to that ultimate goal. Debt consolidation tends to top the list for many debtors as it…
People most commonly file bankruptcy in emergency situations. Whether they are about to be kicked out of their home, be found in contempt of court for missed payments, or have their wages garnished to satisfy consumer debt, they are in dire need of relief. An automatic stay will immediately halt all of the aforementioned actions…
The bankruptcy process is one that is intensive and requires a keen attention to detail. While a majority of individuals who file for bankruptcy acquire the legal counsel of a local bankruptcy attorney, many believe they can handle it independently. Someone who lacks the knowledge on specific state and Chapter rules can easily find themselves…
As millions of Americans struggle to make ends meet, the need for immediate cash is one that many people share. While some choose to pawn personal items or seek the assistance of a family member, many others choose to get cash advances in the form of payday loans. Low-income families most commonly utilize this service…
If you have considered filing Chapter 7 bankruptcy, you have likely heard about the Means Test. The purpose of the test is to determine whether or not you can afford to pay off your debts. The courts determine eligibility through the analysis of income, payments, and expenses. If they find that you can afford to…
There are many mysteries surrounding bankruptcy. Will I lose my home or car? Do I need to be completely broke to file? These are just a few of the questions that many people have. Another common inquiry regards the possibility of obtaining credit after bankruptcy. While it is a possibility, you should know that applying…
Debt accumulation is an issue millions of Americans deal with and comes in many various forms. Consumer debt is one of the most common debts, originating from the likes of credit cards and payday loans. High interest rates can make it nearly impossible to become debt-free, forcing people to consider bankruptcy as a viable debt relief…
