You may be one of the many people who are reluctant to file for bankruptcy despite crushing debt. We understand your feelings. Despite extensive efforts at public education, bankruptcy still has a negative stigma attached to it. In many instances, bankruptcy may not...
Bankruptcy
Can I keep my home after bankruptcy?
Making the decision to file bankruptcy may be one of the more difficult decisions that you ever make. However, going through the process can help you get the clean financial slate you need to move forward. There are many benefits associated with filing for bankruptcy,...
Comparing Chapter 13 and Chapter 7
As a consumer thinking about filing for bankruptcy, your two options are basically Chapter 13 and Chapter 7. You may only meet the eligibility requirements for one or the other, but some people qualify for both. Both Chapter 13 and Chapter 7 discharge your debt and...
Can I file Chapter 11?
By far, the most common bankruptcy that an individual will file is either Chapter 7 or Chapter 13. A Chapter 7 bankruptcy is very affordable and comparatively quick, while a Chapter 13 bankruptcy will allow a debtor to hold on to their assets in return for adhering to...
Breaking down the Chapter 7 test
If continuous struggles with debt have you contemplating filing for personal bankruptcy, then a decision almost as important as filing itself is what chapter you choose to file under. For many Americans, Chapter 7 is the most popular form of bankruptcy due to the...
What can I expect when filing for chapter 13?
Chapter 13 is a type of bankruptcy that allows you to pay off debt without sacrificing your property. It is more of a financial reorganization plan when compared to chapter 7, which involves the liquidation of assets. It is important that you understand what the court...
How does Chapter 13 bankruptcy affect your future?
Chapter 13 bankruptcy restructures your debt in a manageable way that helps you pay off what you owe over an agreed upon time—spanning years, generally. This is an excellent tool to get yourself out of a grim financial situation because it can cut down on your stress...
How do I file for unemployment?
Have you lost your job or had your hours cut because of the coronavirus and are now wondering how you’ll pay rent or buy groceries? You may be feeling increased stress and anxiety while you self-quarantine and might not know what steps to take next. If so, filing for...
The most common reasons to file bankruptcy before divorce
Dissolving a North Carolina marriage and filing bankruptcy is not easy. These complicated legal matters can pose additional challenges to each spouse. There are many reasons to file for bankruptcy before filing for divorce. Streamline divorce process Experian...
How does bankruptcy impact child support payments?
Child support payments due to custodial parents in 2013 totaled nearly $33 billion. With nearly 70% of those payments reaching their intended recipients, this large sum of money accounts for a significant portion of childcare costs in America. Close to 50% of American...
