There are a lot of reasons to file bankruptcy. Bankruptcy can be used to discharge debt and get a fresh start. It can be used to protect a home from foreclosure or stop repossession of a car. You can also file bankruptcy to stop a lawsuit, prevent a bank account from being levied, and in […]
I personally have never had a client tell me their job or security clearance required for a job was put into jeopardy because they filed bankruptcy. It is my understanding that government employers are more concerned with the events that lead to the bankruptcy than the fact that a bankruptcy was filed. If the debtor […]
When people think of bankruptcy and foreclosure they usually think about Chapter 13 bankruptcy. Chapter 13 bankruptcy will stop a foreclosure sale and allow the homeowner to cure their mortgage arrears in a reorganization plan. Chapter 13 bankruptcy is an excellent choice when a debtor wants to continue living in their house and is at […]
I have been getting this question a lot lately. Apparently there are some overzealous collection agents using this lie to pressure debtors into paying debts they can’t afford. The truth is that you will not go to jail for not paying your credit cards, payday advance loans, medical bills, etc. Debtor’s prisons are a thing […]
About once a year I review my finances to make sure I am paying the lowest amount possible. I don’t have a set schedule for doing this task, although I probably should. Usually something prompts me to take action. This year it was when my cable provider notified me that they were going to raise […]