Filing for bankruptcy can be a process full of uncertainty for some as many questions may arise. “How do I know if bankruptcy is right for me? Will bankruptcy really get rid of my debt? Am I going to lose everything during bankruptcy?” These are just a few of the many questions struggling debtors present…
Individuals who will benefit most from bankruptcy are often the last to actually file. They fear never being able to obtain credit or purchase a home again. For some, the presumed embarrassment that will come as a result of going through the process is enough to keep them from making one of the most beneficial…
When filing for bankruptcy in Louisiana, whether Chapter 7 or Chapter 13, there are many factors to consider. “What assets are protected and what assets can be sold” is one of the most frequently asked questions. The reason being is that due to a lack of information, many people come up with their own assumptions…
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…
