Most people assume bankruptcy is something a person does when he or she has no more money. If you cannot afford to pay your bills, bankruptcy makes it possible to not pay them or it gives you longer to pay without financial penalty. This is true, but bankruptcy cannot be filed for free. It actually...Read More

Most people assume that filing bankruptcy ends any hope you have of a financial future. It affects the jobs you can have, the places you can live, and ultimately, what you can achieve in life. It is true bankruptcy does have a profound effect on your future, but it might not be as bad as...Read More

Unexpected health crises and the exorbitant medical bills that often accompany them are one of the main reasons people are forced to declare bankruptcy. Medical treatment, especially when it is not covered in part or whole by medical insurance, may cost tens of thousands of dollars. Most people are unable to afford the payments associated...Read More

Bankruptcy is the best choice for many who are facing serious financial difficulties. However, bankruptcy does not always go smoothly, which is why it is important to work with an experienced bankruptcy attorney and be completely transparent during the bankruptcy process. If you attempt to hide anything during the process or you are less than...Read More

In an ideal world, a person declaring bankruptcy would have an opportunity to clean up their financial life and never look back. Once the challenge of filing is over, things get back on track and there are no more financial issues from that point forward. Unfortunately, in the real world, bankruptcy does not automatically guarantee...Read More

Filing bankruptcy can affect your assets in a variety of ways. It all depends on the specific asset, the amount, if any, owed on that asset, and the type of bankruptcy you choose. Cars and Homes Most people do not lose their vehicles or homes in a Chapter 7 filing of bankruptcy. You should do...Read More

Whether or not you keep your vehicle during a bankruptcy filing depends on several factors. There are ways to protect your vehicle, but it might mean making other sacrifices. The two most important factors that determine whether or not your car is protected include the type of bankruptcy you file and your current car ownership...Read More

Bankruptcy is a difficult decision, but it is the best option for many who are facing financial crisis. Bankruptcy has a negative stigma attached to it, but it can actually be a new beginning for someone who is struggling. It can end that feeling of drowning in debt and allow you to get control of...Read More

When considering bankruptcy, many debtors will opt for court protection and reorganization of debt through a Chapter 13 filing. However, many of these debtors and even some lawyers are unaware of the debt limits that may keep them from being eligible for this particular process. As of April 1, 2013, limits on the amount of...Read More

Many people are struggling to pay their debts and for some the burden of massive debt may be too hard to bear. If that is the case then they could decide that it would be wise to declare themselves bankrupt. A number of years ago there was a huge stigma attached to being declared bankrupt...Read More