Do you have equity in your home? If so, it’s an asset that can be protected, to a degree, during bankruptcy. When you file for Chapter 7 or Chapter 13 bankruptcy, the homestead exemption can help you safeguard your property and preserve your well-being. The homestead exemption differs by state, and there is also a … Read More
If you’re considering filing for Chapter 7 or Chapter 13 bankruptcy, it’s important to understand which financial issues bankruptcy will – and won’t – be able to address. Bankruptcy can take a weight off your shoulders and offer temporary or permanent relief from debt. However, it is not a cure-all. Some types of debt can’t … Read More
Going through bankruptcy to clear yourself of debt takes time. Once you receive your bankruptcy discharge, you understandably are ready to get your life back on track. Rebuilding your credit is a crucial part of your recovery. If creditors are still listing discharged debts as past due after your discharge date on your credit report, … Read More
Even after realizing that bankruptcy is the best way to get out from under debt, it can still take an emotional toll on you. For many, the perceived shame and stigma of bankruptcy leaves them questioning their self-worth. However, a lot of my clients approach me after their bankruptcy is over and tell me that … Read More
Very often, divorce settlements are a critical reason why people fail to repay their debts and file for bankruptcy. Why? A divorce is messy enough without bringing finances into the equation. Filing a joint bankruptcy prior to the divorce, can is some circumstances, provide a solution. Can a spouse become liable for the other spouse’s … Read More
A reoccurring cause for many individuals who file for bankruptcy is mounting healthcare debt. Even for those with health insurance, when faced with sudden or ongoing health issues along with rising out-of-pocket expenses and higher deductibles, many are forced into financial hardship. If you are burdened with medical debt that you cannot afford, bankruptcy may … Read More
We all enter into marriage with the highest of hopes. A significant number of those marriages will not make it in the long run. It has been widely reported that approximately 40 to 50 percent of marriages end in divorce. Adding to the heartbreak of divorce is often crippling financial problems. We see clients every … Read More
Most people would like to have the financial resources to provide for their families, plan for the future, and have something left over to have some fun. For many of us, however, the debt hanging over our heads makes these thoughts seem a goal that is out of reach. Sometimes, a person’s problems with debts … Read More
A growing concern for students both young and old, outstanding school loan payments have risen to critical mass in this country. Learn ways to help alleviate the stress of student debt. In 2014, total outstanding student loan debt in the U.S. rose to nearly $1.2 trillion, according to the New York Fed. In the fourth … Read More
About 80% of Americans are in debt, which is not surprising considering that 43% of American families spend more than they earn. The average household debt statistics for 2015 are staggering. The average credit card debt for households that have debt amounts to more than $15,000.00. The average interest rate on credit cards is almost … Read More
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No upfront attorney fees in qualifying cases. Pay only court filing fee, credit reporting fee, and pre-bankruptcy credit counseling session fee to get a case on file to stop garnishments, repossessions, and certain court actions. Restrictions may apply. Please call to discuss your situation and learn how we can help.
