If you are struggling financially and finding it hard to pay your bills, filing for bankruptcy may be your only way out. However, before making the big move, you need to be well-prepared for life ahead. There are long-term consequences you need to consider...
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Bankruptcy
Is it time to consider filing for bankruptcy?
Bankruptcy is not an option that many people like to consider, but for many, it is a tool to free them from financial hardships or grant them control in the situation. Hundreds of thousands of people file for bankruptcy every year because they were able to recognize...
What are exemptions in the bankruptcy process?
Bankruptcy can impact your life in a variety of ways. For many people, this is the only way that they can get control over their finances. There are a few things that people need to think about when they’re considering filing for bankruptcy. One thing that you have to...
Never assume bankruptcy is your fault
When you talk to people who could certainly benefit from filing for bankruptcy but are still hesitant to take that step, the reason for their hesitation is often that they think the whole situation is their own fault. They feel that they brought it upon themselves and...
Is my family a factor when filing for bankruptcy?
Knowing you are in an overwhelming amount of debt is stressful. While you may have moments where you think you can get back on top, there are times when you need help with your debt. When you are supporting a family, finding relief from your debt can seem impossible....
Debts you cannot discharge using bankruptcy in Florida
Being in debt can give you sleepless nights. If you are overwhelmed by debt, one of the options you may consider is declaring bankruptcy. At the very basic, bankruptcy is a legal process that allows individuals and businesses struggling with debt to find relief. ...
Can you go to jail for your unpaid debts?
When you borrow money or receive services without paying upfront, you have a legal obligation to the creditor. If you fail to make good on that obligation by paying them back, they might ultimately need to take legal action against you. Often, before you find...
Changes in the law could help discharge student loans
Student loans have long been an issue for many people. They are usually not dischargeable in bankruptcy, so those who struggle to pay them find themselves dealing with debts that continue to grow and harassment from collections agents who want to get paid. ...
Can filing for bankruptcy affect my job prospects?
One reason why some people hesitate to file for bankruptcy is that they fear it might make them unemployable. Businesses sometimes run credit checks on applicants, as do those considering promoting a current employee. A Chapter 13 bankruptcy will typically stay on...
What happens if I miss a Chapter 13 plan payment?
In Chapter 13 bankruptcy, a debtor does not have to sell their property to eliminate their debts. Instead, they need to repay most of their debts over three to five years, and then some of the remaining debts will be discharged. The debtor will have to make these...