Some people know they could benefit from filing for bankruptcy, but they are still hesitant to do so. One reason is that they blame themselves. They think they made financial mistakes that led to overwhelming debt, so they believe they need to find another solution...
What types of debts aren’t dischargeable in bankruptcy?
People who are facing mounting debts may decide that they need to file bankruptcy to regain control of their finances. Consumers typically file a Chapter 7 or a Chapter 13 bankruptcy, both of which end with a bankruptcy discharge when a case is successful. A...
What is the difference between personal and business bankruptcy?
Facing financial difficulties can be stressful, whether it’s in your personal life or through a business. As such, many people may wonder, “Is personal bankruptcy and business bankruptcy the same?” While both aim to handle debts, they operate differently and follow...
Can I file Chapter 7? The Indiana means test explained
When you are overwhelmed by credit card debt, Chapter 7 bankruptcy can represent the fresh start you need. It is a powerful tool designed to eliminate or discharge eligible unsecured debts, such as credit card balances and medical bills. However, many people in...
Are you paying debts you don’t owe?
If you’re considering bankruptcy, you’re probably facing overwhelming debt. With all the calls and collection notices, you may have lost track of how much you owe and to whom. You’re just trying to stay above water and pay the bills that will keep the electricity on...
Signs that it may be time to file for bankruptcy
Life isn’t fair sometimes. It seems like everything comes at you at once, and you can’t get a break. Overwhelming debt can make you feel like that. It doesn’t matter how you got here - medical expenses, job loss or overspending - but you need a way out. How do you...
Can filing for bankruptcy help clear a foreclosure?
Falling behind on mortgage payments can be financially and emotionally overwhelming, especially when you start receiving foreclosure notices. For many families, the fear of losing a home is one of the hardest financial challenges to face. While lenders may offer...
2 common types of bankruptcy for consumers
The realization that you have financial difficulties is one that’s hard to deal with because it’s not like you can just stop paying all your bills and still live a normal life. Many people assume that being irresponsible with money is the cause of financial...
How can you rebuild your finances after filing bankruptcy?
Realizing that you can’t cover your normal life expenses and make the payments necessary to cover debts can be difficult. Your focus will likely turn to trying to find a way to take care of your finances. One option is to file bankruptcy. Many people who file for...
What emotions should you expect when you file bankruptcy?
Bankruptcy is a challenging time because you likely realize that you need to do something to take control of your finances, but you also know that you can’t afford to pay the debts you have and stay afloat. Once you decide to file for bankruptcy, you will likely start...
