What Happens to a Jointly Owned Home in Bankruptcy?

Bankruptcy
divorcing sad woman and man

The joint-owned property, such as that owned by a married couple, can affect how a bankruptcy is completed. If one spouse is going to file for bankruptcy, but there are assets in both of your names, it is imperative you speak with an attorney about these properties; especially when it comes to the family home….

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5 Steps to Pre Bankruptcy Planning

Bankruptcy
depressed man and bankruptcy form

It is imperative that you plan when considering bankruptcy. The actions you take, weeks and even months before you file, could dramatically impact the outcome of your case. Regardless of how bad your financial situation is, the more steps you take ahead of time, the better the outcome will be for your case – and…

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Credit Card Debt is Your Worse Enemy: 3 Ways to Defeat It

Bankruptcy
credit card debt

Credit card debt plagues thousands of American consumers each year. In fact, the average American household in 2016  has $134,643 in debts, and those with credit cards found that they spend $1,300 per year on interest for the credit cards alone. Once credit cards can run your monthly budget, you might find that you are…

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7 Steps to a Successful Bankruptcy

Bankruptcy
bankruptcy

When you find yourself over your head with debt, and you can no longer meet your payment obligations, you might look to bankruptcy. Bankruptcy is a legal remedy for consumers who need a fresh start and relief from creditors and collection agencies. However, it is a serious financial decision that will impact your financial health…

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How to Avoid Filing a Second Bankruptcy in the Future

Bankruptcy
second bankruptcy

No one goes through life expecting to file bankruptcy. However, it happens for some consumers. Whether it is a medical emergency, job loss, or another incident that forces you to fall behind and eventually seek help from the courts, bankruptcy is there for consumers who cannot satisfy obligations. Unfortunately, some consumers end up filing bankruptcy…

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Warning Signs that Bankruptcy is on the Horizon for You

Bankruptcy
10 signs of bankruptcy

No one goes through life expecting to file bankruptcy, but it happens. Sometimes, the warning signs are clear, while other times they are not so obvious. Regardless of your financial situation – or what you assume it will be like in the future – it is imperative that you know the warning signs of bankruptcy….

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Will My Tax Refund be Affected by My Bankruptcy Case?

Bankruptcy
IRS 1040 form

It is tax season, which means that you are probably anxiously awaiting your tax refund check. While refunds were placed on hold for the 2017 tax year, your return should come in May or June. But, if you are in the process of bankruptcy, or if you have filed bankruptcy and you are in the…

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Can You Lower a Car Payment in Bankruptcy?

Bankruptcy
car keys on top of money

When you file for bankruptcy, you are doing so because you can no longer manage your debts. Whether it is because you lost your job or took a significant cut in pay, you need to eliminate monthly debt obligations to get back on your feet. However, you have a vehicle, and you need to keep…

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Will Bankruptcy Save My Home from Foreclosure?

Bankruptcy
bankruptcy home foreclosure

Most homeowners facing bankruptcy are worried about one thing: The family home. If you are significantly behind on mortgage payments and struggling to meet debt obligations, and if your mortgage lender is threatening to foreclose, bankruptcy is likely your only option. With the protections of bankruptcy, you could prevent creditors from filing official judgments in…

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