You probably understand some of what it takes to complete a bankruptcy, such as filing legal documents and gathering paperwork. However, there is much more to learn about the process. The more you know about consumer bankruptcy (chapters 7 and 13), the smoother your...
Why you shouldn’t feel too bad about credit card debt
If you are up to your eyeballs in debt, there’s a fair chance you feel pretty bad about it. You might have grown up to believe that being in debt is a bad thing and that somehow you have failed if you can no longer pay. If some of your debt occurred due to credit card...
Could a cancer diagnosis lead to significant debt?
The financial cost of being diagnosed with cancer is going to depend, to some degree, and the type of cancer that the doctor finds. For example, minor skin cancer may just take a few meetings with a dermatologist to get it surgically removed. Significant lung cancer...
Will everybody know you filed for bankruptcy?
There’s really no shame in being in debt. Life is hard, and it only takes one or two missed paychecks or a single medical crisis for the debts to pile up. Just the same, many people dislike the idea that “everybody will find out” about their financial troubles, and...
5 Myths About Bankruptcy That Drive Me CRAZY
Here is what “everybody knows” about bankruptcy – except it’s not true. Myth # 1: “If you file bankruptcy, you will lose your house.” This ALMOST ALWAYS FALSE. I have clients who voluntarily surrender their houses to get out from under their impossibly large house...
5 common bankruptcy questions
Late fees, medical bills and loans can lead to unmanageable debt. Bankruptcy can be a great tool for people who struggle to pay off their debts. If you’re considering filing for bankruptcy, there are a few questions you may need to ask: Is Chapter 7 bankruptcy my...
What you should know about “zombie debt”
If you’re dealing with overwhelming debt, you may have lost track of everyone you owe and how many collectors are contacting you. One thing you should be careful about is something called “zombie debt.” A zombie debt is often a debt you no longer owe because it has...
What is an automatic stay when filing for bankruptcy?
Bankruptcy is a legal process that provides a debtor with relief from their debts and an opportunity to start afresh. The automatic stay is put in place when a debtor files for bankruptcy. An automatic stay is a court order. It prevents creditors from taking action...
Can personal bankruptcy discharge my medical debt?
Are medical bills giving you sleepless nights? You are not alone. Medical conditions like heart disease, diabetes and cancer can cost thousands of dollars to treat. If you are caught up in a staggering medical debt that you can’t seem to pay, you need to figure out...
What causes debt to become overwhelming?
Nearly everyone takes on some kind of debt in their life. With a meticulous plan, debt can be quickly paid off. On the other hand, debt can quickly become overwhelming. How does this happen? Here’s what you should know: Overspending Credit cards, which would allow...
