Helpful Steps To Take When Considering Bankruptcy According To Attorneys
9 February 2019
If you're facing a large amount of debt and can't find a way to pay it back, bankruptcy is always an option. Many people today file bankruptcy when they have nowhere to turn. However, to ensure you make the right financial decisions, you need to consider this advice from bankruptcy attorneys.
Consider Other Options First
Bankruptcy should never be the first option when facing financial hardship. It's sort of a last-resort option because it can affect your financial future for a long time to come.
Assigning Value To Your Jewelry For Bankruptcy Purposes
17 December 2018
A bankruptcy filing can create freedom from debt but that debt relief might come at a price. Not all filers end up losing property through a chapter 7 filing, but you must understand what is at stake and the full consequences of a filing before you make that move. Read on to find out more about losing property and about valuing your jewelry for bankruptcy purposes.
The Liquidation Aspect of Bankruptcy
Why Credit Counseling Is Required And Beneficial When Filing For Chapter 7
15 November 2018
When you make the tough decision to file for Chapter 7 bankruptcy, your lawyer will talk to you about completing a credit counseling course before you actually sign and file the paperwork for your case. Additionally, you will have another course you must take after you file the paperwork for your case. Both courses are required for all individuals who file, but you can benefit greatly through these courses if you take them seriously.
Is It True You Can't Pay Off A Chapter 13 Bankruptcy Plan Early?
21 September 2018
It can take up to 5 years to complete a chapter 13 payment plan, and anything can happen to your finances in that time period. For some people, this means receiving temporary or permanent increases to their income. However, if you're hoping to use the extra money to pay off your chapter 13 plan and end your case early, here's why that may not be possible.
More Income Equals Increased Payments