Money problems is listed as the second most common reason marriages end in divorce, and this is why many couples who split up end up looking into bankruptcy. If you are going through a divorce right now and have major financial issues, you may want to file for bankruptcy to ease these burdens. If this is something you are considering, you should determine whether you should file individually for bankruptcy or jointly with your spouse. [Read More]
When Is Chapter 13 Bankruptcy Better Than Chapter 7?
If you cannot see light at the end of the tunnel when it comes to the debt you have, you could turn to bankruptcy for help. When you do this, a lawyer will help you determine which branch you qualify for and which branch would be better for you. In many cases, people will qualify for Chapter 7 but will be better off filing for Chapter 13, and here are several reasons why. [Read More]
What You Need To Know About Your Car And Chapter 7 Bankruptcy
If you're considering bankruptcy, it can be nerve-wracking to wonder what might happen to your vehicle. Understanding the laws in place in bankruptcy court can help you make the best decisions possible regarding your finances and situation. When You Own Your Car If your car is fully paid for, you may not have anything to worry about. Many states offer exemptions for personal property in bankruptcy. These provisions often include exemptions for a modest vehicle. [Read More]
Your Financial Fresh Start Guide To Bankruptcy
Almost no one declares bankruptcy on a whim, but after many sleepless nights and worrying you may have finally realized that there is no other way to get control of your financial situation. Once you have submitted your federal chapter 7 filing, you are now on your way to a second chance to do better and make more educated and wise financial decisions. To make sure that you make the most of the second chance that this filing has provided for you, read on for a guide to getting back on track and preventing mistakes after your bankruptcy is final. [Read More]