chapter 7

chapter 7 bankruptcy

The Criteria for Filing for Chapter 7 Bankruptcy

What are the criteria for filing for Chapter 7 bankruptcy? Before October 2005, a bankruptcy court judge would decide who qualified for Chapter 7. This gave judges an exceptional amount of discretion, and often consumers who should not have filed for Chapter 7 were able to do so – instead of using Chapter 13 bankruptcy….

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credit report

Tips for Cleaning Up Your Consumer Credit Report

Do you need help cleaning up your consumer credit report? Your consumer credit report can determine everything from getting approved for a home loan, to getting money for your education, to getting a job. Five percent of consumers in the United States have errors on their credit report that could lead to unfair denials, says…

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bankruptcy

Does Bankruptcy Make Sense for Your Financial Situation?

Does bankruptcy make sense for your financial situation? Deciding if you should file for bankruptcy is never easy. The process takes time, costs money, and you are already struggling financially. When you file for bankruptcy, you lose control of how your assets and finances are handled. While there are reasons keeping you from filing for…

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Bankruptcy

Common Bankruptcy Myths Finally Debunked

Do you know the common bankruptcy myths? No one goes through life planning to file bankruptcy. Even those who know they need to file for bankruptcy have developed such a misguided view of this legal tool that they fear doing so. Bankruptcy is nothing to fear, and you should not give into the stigmas surrounding…

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divorcing sad woman and man

What Happens to a Jointly Owned Home in Bankruptcy?

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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bankruptcy

7 Steps to a Successful 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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second bankruptcy

How to Avoid Filing a Second Bankruptcy in the Future

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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10 signs of bankruptcy

Warning Signs that Bankruptcy is on the Horizon for You

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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IRS 1040 form

Will My Tax Refund be Affected by My Bankruptcy Case?

It is tax season, which means that you are probably anxiously awaiting your tax refund check. But, if you are in the process of bankruptcy, or if you have filed bankruptcy and you are in the repayment process, you might wonder what happens to your federal or state tax returns. If you have filed Chapter…

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car keys on top of money

Can You Lower a Car Payment in Bankruptcy?

You file for bankruptcy 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. But you need to keep your car. It is how you take the kids to…

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