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What are the Advantages and Disadvantages of Chapter 13 and Chapter 7 Bankruptcy?

There are many individuals who would like to not only protect their property but also catch up on mortgage and car payments in the process. In such cases, Chapter 13 bankruptcy is their ideal choice. However, there are just as many taxpayers who simply wish to eliminate all of their debts at once, in which case Chapter 7 bankruptcy is the perfect solution.   Prior to filing a petition for either type of bankruptcy, it is essential to evaluate the … Read More

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10 Questions to Ask Your Bankruptcy Attorney Before You Hire Them

Filing for bankruptcy is a big step that requires significant planning and many elements to consider. Rather than attempt to navigate the complexities of bankruptcy alone, it is strongly recommended to hire a qualified bankruptcy attorney who can place you on the right track at the outset. With the numerous attorneys available in your area, it can be difficult to choose the right one for you. Fortunately, most will offer free consultations, allowing you to make an informed decision on … Read More

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How Can Bankruptcy Help Me?

Bankruptcy is a highly beneficial tool that helps individuals and business owners alike mitigate their inability to remain up-to-date on their monthly payments. Although it does not eliminate all debt, the primary purpose of bankruptcy is to help debtors regain their financial footing. Prior to filing for bankruptcy, however, it is important to know what it can and cannot do. What Bankruptcy Can Do It can eliminate all unsecured debt, including credit cards, personal loans, medical debt, and certain business … Read More