The conversation about MIllennials killing industries left and right is one being had around the nation. Deemed responsible for everything from the decrease in cereal sales to numerous department stores closing their doors, the Millennial generation is seen as one of the most disruptive, but it’s not entirely their fault. Millennials are the “kids” of…
Deciding to file for bankruptcy is a tough one, but in most situations, there are simply no other options. There is often a period between when people decide to file for bankruptcy and when they actually do it. During that time, people are usually getting all of the necessary documents in order and beginning to…
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…
