You have just completed the bankruptcy process, and although it led to positive results and a chance to start fresh, you probably do not want to go through it again. That is why it includes mandatory credit counseling courses both before and after.
Many people struggle with student loan repayments in addition to other types of debt. Those considering bankruptcy often want to know whether filing a petition can help with this burden.
There are a number of reasons why businesses fall into extensive debt. For those small business owners looking to eliminate such debt and close their business, a Chapter 7 bankruptcy might be a good idea.
If you are considering bankruptcy, you have two types of filings available: Chapter 7 and Chapter 13. Each has its pros and cons, as well as specific eligibility requirements.
Filing for bankruptcy can be a difficult process, both emotionally and logistically. Both Chapter 13 and Chapter 7 bankruptcies also tend to require complicated and thoughtful preparation.
Financial trouble can arrive from a variety of sources. Getting behind on your taxes can be especially terrifying; you definitely do not want the government as your creditor.
If you are thinking about filing for bankruptcy soon to get out of debt, you may have concerns about what your finances will look like after the fact. You may worry that bankruptcy will damage your credit for life and you will never truly recover.
Florida residents looking for solutions for dealing with mounting debt often consider filing for bankruptcy. A Chapter 7 or a Chapter 13 filing may each provide relief for those struggling to meet financial obligations.
For those suffering from ever-increasing financial stress and mounting debt, Chapter 7 bankruptcy can offer substantial relief. However, the law does set out some fairly specific requirements for who can file and what types of debts you can discharge this way.
When you keep getting further and further behind on your mortgage, a short sale can be one of the options on the table. Informing yourself about possible solutions and speaking with an experienced attorney can help you make the decision that is best for you.