If you are experiencing financial difficulties, bankruptcy may be an option for you. The two most common types of bankruptcy filings for individual debtors are chapter 7 and chapter 13 bankruptcy. As a debtor, the type of bankruptcy that is right for you will depend on your specific circumstances. In this article, we discuss the…

If you are considering filing for bankruptcy, whether chapter 7 or chapter 13, it is important to file at the right time. If you file too early, you expose yourself to additional financial risk. For example, by filing too early, you run the risk of losing property that you otherwise would have been able to…

Deciding whether to file for bankruptcy is tough. Although filing for bankruptcy offers many benefits, including the opportunity to repair your financial situation, it also has its downsides. One impact of filing for bankruptcy is that it can lower your credit score. Fortunately, however, it’s possible to rebuild your credit by taking certain actions. In…

Bankruptcy provides people with an opportunity for a fresh financial start. Ideally, it also serves as a learning experience. Unfortunately, however, people sometimes find themselves struggling financially even after an initial bankruptcy. This leads some individuals to explore the idea of filing a second bankruptcy. In this article, we examine whether it is possible to…

Chapter 7 bankruptcy provides debtors with an effective way to start over financially. And although there are many benefits to chapter 7 bankruptcy, it can make it difficult to do certain things, such as purchase a new home. Fortunately, however, purchasing a home after bankruptcy is possible. In this article, we discuss buying a home…

Bankruptcy is a valid way to get a fresh financial start. However, to reap the benefits of bankruptcy, it’s important to do things the correct way. There are many actions that, if taken prior to or during bankruptcy, can create big problems down the road. In this article, we discuss five actions to avoid when…

If you are considering filing for Chapter 7 bankruptcy, you probably have a lot of questions. After all, filing for bankruptcy is a big decision. A common question that many people have regarding Chapter 7 bankruptcy concerns the length of the process. In this article, we discuss how long the process of filing Chapter 7…

When we think of filing for bankruptcy, it is easy to assume that all of your assets will be sold. However, most bankruptcy cases are no-asset bankruptcy. So, what exactly is a no-asset bankruptcy, and who qualifies for one? Here is what to know about a no-asset bankruptcy and what you can do if you…

The cost of living isn’t cheap. It’s very easy to find yourself inundated with credit card bills that you can’t seem to pay. Even more interest and penalties end up added to your balance and you find yourself in a really difficult situation. As a result, you may be served with a lawsuit by your…

A lien is a security interest that is placed on property to secure the payment of a debt or other obligation. Many people have liens on their houses. When the housing market worsens and the value of the home goes down, many junior mortgages (those that are granted subsequently) remain unsecured. Put simply, some liens…