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Exploring Your Bankruptcy Options

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If you are drowning under a sea of debt, then you might be seriously considering bankruptcy. However, there are actually two different kinds of bankruptcy, and they are very different in how they play out. To help you decide which is best for you, here is a comparison of Chapter 7 and Chapter 13 bankruptcies. What is the ultimate result? With Chapter 7, some of your assets will be sold off and all applicable debts will be erased.…

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3 Advantages Of Filing For Chapter 7 Bankruptcy

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You may be in a huge financial bind for a number of reasons–a job loss, huge medical bills, or even just spending beyond your means. If you have reached a point where the debt you owe is far beyond what you are able to pay back, and you can’t afford to make monthly minimum payments on that debt, filing for chapter 7 bankruptcy may be a solution. There are many benefits to filing for chapter 7 bankruptcy when the debts you owe are overwhelming, such as:…

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When To Hire An Attorney If You Are Facing Foreclosure

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If you find yourself at risk of losing your home, hiring an attorney can be a practical option when you are trying to avoid or fight foreclosure. An attorney can explain your legal rights and obligations, negotiate new loan terms with your lender, assist you in completing the paperwork necessary to apply for a loan modification, or delay the foreclosure sale by helping you file for bankruptcy. When you are facing foreclosure, it pays to know in what situations hiring an attorney like Jeffrey S Arnold Attorney At Law P.…

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5 Questions Concerning Chapter 7 Bankruptcy And Your Car

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Chapter 7 bankruptcy is often used when an individual has enough assets to liquidate to cover at least a portion of what they owe to debtors. This form of bankruptcy can bring about a lot of worries when it comes down to what will happen with your vehicles. Here are five typical questions people who file chapter 7 bankruptcy have about their automobile. 1. Does it matter if you only have one vehicle for your family?…

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How To Protect Yourself From Fake Debt Collectors

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When you fall behind on your bills, every ring of the phone can cause anxiety. The actions of collection agencies are aggressive by nature, and even those who follow the laws about bill collecting will disrupt your life with constant reminders of your bad financial state: Collection agencies are hired by your creditors, such as a credit cards, banks or loan companies and are allowed by law to contact you an unlimited number of times about a debt, however they can only contact you between the hours of 8 a.…

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Involuntary Chapter 7 Bankruptcy: 3 Requirements Of Being Forced Into Bankruptcy

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Filing for chapter 7 bankruptcy can be a difficult process, but sometimes, those doing so have come to the conclusion that it is the only solution to a very complex situation. Other times, those with debt try as hard as they can to repay the loans and credit lines they’ve utilized. However, in certain instances, you could potentially be forced into a chapter 7 bankruptcy. Although there are certain rules that apply to this type of ‘creditor-initiated’ bankruptcy, it is a legally valid tool that creditors can leverage in an attempt to collect on past debts.…

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3 Mistakes To Avoid During The Bankruptcy Process

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If you have already started the process of filing for bankruptcy, you may be eager to get the bankruptcy behind you. However, you may be making mistakes that could jeopardize the discharge of your debts, which would mean that you would still be responsible for paying them back. Here are just a few mistakes to avoid making while going through the bankruptcy process. Trying to Pay Creditors with Retirement Funds…

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Handling Three Potential Issues When Filing Chapter 7 Bankruptcy

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You may run into one of these three issues when filing chapter 7 bankruptcy. There are ways to handle each one so your bankruptcy can be successfully discharged. 1. Nuisance Filing on Your Record If you filed bankruptcy twice in one year but the first time your case was dismissed because you failed to do all the requirements (such as completing the credit counseling class), when you file the second time a judge could lift the automatic stay within 30 days on your creditors.…

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How To Keep Your Home Through A Bankruptcy

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Are you trying to keep your home even though you’re in debt? A chapter 7 bankruptcy or a chapter 13 bankruptcy could potentially help you avoid losing your home. Most people assume that they will lose their property when undergoing the process of bankruptcy but this isn’t necessarily true. Depending on your state laws, you may be able to keep your home and declare bankruptcy to dissolve or restructure your debts at the same time.…

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How To Fight A Failure To Comply Issue With Social Security Disability

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You can be denied future social security disability payments if you are found to have failed to comply with your medical treatments. Failure to comply can include a variety of issues: you could avoid taking your medication, not show up for appointments or fail to meet with your doctor on a regular basis. A failure to comply is considered problematic because it may indicate that person is trying to stay on disability for a longer period of time.…

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