Bankruptcy: Determining Which Chapter Suits Your Financial Situation

When you have a lot of debt and you need a way to stabilize your finances, filing for bankruptcy is a reliable solution. However, before you do so, it is best to know which type of bankruptcy is best for your personal situation. Chapter 7 Your first option is to file for Chapter 7 bankruptcy, which allows you to discharge or get rid of your debt, so you can start over financially. Read More 

What You Should Know About Filing For Bankruptcy

If you are having financial struggles and unable to pay back your debt, the thought of filing for bankruptcy might have crossed your mind. There is a lot more to bankruptcy than you probably imagine, so it helps to learn everything there is to know first. Here are some important things to understand about filing for bankruptcy. It is not a fast process The first thing you should know about filing for bankruptcy is that is not a fast process and will not be done overnight. Read More 

3 Ways In Which A Bankruptcy Attorney Can Assist You

A bankruptcy attorney is going to be one of the best resources at your disposal when you are filing a bankruptcy case, mostly because of the many ways in which he or she can assist you. An attorney can help you pick the right type of bankruptcy for you, deal with your creditors, and offer flexible payment terms. Pick The Right Type Of Bankruptcy A bankruptcy attorney can help you pick the right type of bankruptcy for your particular situation. Read More 

Why Chapter 11 Bankruptcy Might Be A Better Alternative Than Chapter 13

Chapter 13 bankruptcy is designed to prevent the end of a small company that is listed as a proprietorship. Its effectiveness is highest when the company is dealing with a large proportion of non-guaranteed debt, and a small proportion of guaranteed debt. The latter must be reimbursed in no more than 5 years. Before filing for chapter 13 bankruptcy, consider the information below—you might find that this bankruptcy option isn't optimal for your small business. Read More 

Is Bankruptcy An Option For Avoiding Eviction?

If you have missed a few months of paying rent, your landlord may threaten to evict you. If you have nowhere else to live, this can be a stressful predicament. Filing bankruptcy may alleviate some stress as it can slow down the process of being evicted. When Can You File For Bankruptcy You can file for bankruptcy and hope to gain some relief if three conditions are met. The landlord cannot have filed with the court for possession of the property, you must be able to pay one month's rent immediately, and you must be able to pay the rest of the rent within 30 days. Read More