Many people believe that filing for bankruptcy worsens their financial position. However, this is not entirely true. While it is true that bankruptcy affects a person’s finances for some future years, in many cases, filing is the next best option. Here’s why:...
Year: 2021
Debunking Bankruptcy Myths
Filing for bankruptcy is scary. There is no denying that it can feel overwhelming and incredibly stressful, especially if you are not aware of the insolvency procedure and think that you are at risk of losing your entire life’s savings and belongings. Over the years,...
Bankruptcy Misunderstandings
Bankruptcy Doesn’t Mean Losing Any of Your Property When most people imagine bankruptcy, they think of one having to part ways with some or all of their assets to pay back creditors. It is because of this misunderstanding that many shy from taking advantage of...
Bankruptcy Warning Signs: Am I in Trouble?
Most people do not realize that they are under threat until they hit bankruptcy. Suddenly, they have no money, piling debts, and threatening calls to tend to. Here are bankruptcy warning signs to look out for: Missing Payments This is the number one sign that you...
Credit Counseling and Debtor Education Requirements
It is required for anyone wanting to file for bankruptcy that they take prebankruptcy credit counseling and predischarge debtor courses. Both courses are taken at different times in the process. Credit counseling, the first course, must be taken before filing for...
Bankruptcy May Actually Help Your Credit Score
Meta Title: Bankruptcy May Actually Help Your Credit Score Meta Description: Wondering how filing for bankruptcy could help your credit score? You’d be surprised! Keywords: Filing for bankruptcy, credit score Bankruptcy May Actually Help Your Credit Score Bankruptcy...
Costly Mistakes to Avoid When Filing for Bankruptcy.
Bankruptcy can be a dreary experience. Should you want to rise from the ashes on top, we advise you to do a once over of what is not supposed to be done when filing for bankruptcy. Everybody wants to sneak in unscathed giving false records or hiding assets that would...
Bankruptcy Forms and What You Need to Know About Them
Filing for bankruptcy can be an arduous process. It is complicated in its technicality and can be confusing in certain places. It would help if you had assistance, whether or not you are recording under Chapters 7 or 13. Official US court sites give the official...
Chapter 13 Eligibility Checklist
For those struggling with mounting debts who want to retain their assets, Chapter 13 bankruptcy can serve as a viable means for them to do. In Chapter 13, your debt repayment plans are rescheduled based on the court’s assessment of what you can afford for the duration...