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How Chapter 13 Can Help If You Have Non-Qualifying Debts

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One of the first things a bankruptcy lawyer will want to know is what types of debts you have. The purpose of this is to determine which branch of bankruptcy you should file for the most relief, and debts will either be qualifying debts or non-qualifying debts. If you primarily have non-qualifying debts, your lawyer will likely recommend Chapter 13 and here’s why. What Are Non-Qualifying Debts? Debts in bankruptcy are labeled as either qualifying or non-qualifying.…

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Filing For Bankruptcy: Can You Avoid It?

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When you are in significant financial difficulties, it’s only natural to consider filing for bankruptcy. After all, bankruptcy wipes out your debt and offers a fresh start. Unfortunately, having a bankruptcy on your record has some seriously negative consequences, such as destroying your credit rating. Depending on your circumstances, other choices could be more appropriate. Here are several important options to think about. Aggressive Creditors If the main reason you are considering bankruptcy is to protect yourself from overly aggressive or harassing creditors, then it’s vital to understand that the law is on your side.…

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Been Injured In A Car Accident? Why Physical Therapy Is Crucial To Your Personal Injury Case And Your Physical Recovery

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If you spend any time driving in the United States, you should know that there are approximately6 million car accidents every year, with about 3 million people suffering injuries from those accidents. Unfortunately, that means you have a good chance of being involved in at least one car accident during your lifetime. The important thing to remember is that you’re going to need help after a car accident; both medical and legal help.…

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Factors That Affect Your Repayment Plan In Chapter 13

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When you choose to file Chapter 13 bankruptcy, your attorney will create a customized repayment plan for you. The frequency of your payments and the amount you must pay is something your attorney will determine based on your income and debts. Here are some of the factors that will play a role in determining the details of your repayment plan. Your Income The first thing that matters in a Chapter 13 case is the person’s income.…

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Why Business Professionals Should Consult With A Foreclosure Attorney

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If you’re struggling to make payments on your commercial property, you may be on the brink of foreclosure. Instead of doing nothing and losing what you worked so hard for, you need to get help from a foreclosure attorney. The qualified professional can help out in many ways.  Modify Existing Loans The sooner you seek help from a foreclosure attorney, the better chance you have of preventing foreclosure. That’s because this professional can help you modify the existing loan that’s on your commercial property.…

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3 Things To Do Before Filing For Bankruptcy

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Financial burdens can create a significant amount of stress in the lives of consumers. If you find yourself struggling to repay your debts each month, then you may be considering bankruptcy as a viable option. Before you make the decision to file for bankruptcy, there are some important steps you must take to prepare for the bankruptcy process. Here are three things you should do before filing for bankruptcy in the future.…

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Wondering Whether Your Fiance's Debt Will Soon Become Your Problem? When Is Bankruptcy An Option?

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If you’re planning your wedding, you could–like many–be giving more thought to the big day than to the life that will follow it. If you’ve only ever discussed finances with your soon-to-be spouse in generalities, you may be shocked to learn that he or she is carrying tens or even hundreds of thousands of dollars in debt, whether from student loans, auto loans, credit cards, or medical judgments. Will you become responsible for these debts after you sign the marriage license?…

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The Big Bankruptcy Meeting: What To Know

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If you are considering bankruptcy, you may not realize that it’s no longer necessary to appear before a bankruptcy judge. Just the thought of this appearance could cause you to put off your filing, which could only worsen your financial situation further. There is a meeting that you must attend, however, but you should not get unduly stressed out about it. You can find out what this meeting is all about by reading below, so that you will be prepared and feel more at ease when the time comes.…

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