Filing for bankruptcy is a big deal that will affect your life in both positive and negative ways, and there are numerous things you will need to do before and after you file for bankruptcy. You should always discuss your case thoroughly with a lawyer before filing to gain advice and tips about it, and here are some of the top things you should avoid doing after bankruptcy. Throwing Away Your Paperwork…
Read More »When your debts spiral out of control, it’s normal to turn to friends and family for help getting back on track. It’s also natural to want to repay the money loaned to you as soon as possible. However, it’s important to talk to a bankruptcy attorney before doing so, because you can create even bigger problems for yourself and your loved ones if you do it the wrong way. Here’s what you need to know about using bankruptcy to repay debt to friends and family members.…
Read More »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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