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Filing Chapter 13 Bankruptcy
Chapter 13 bankruptcy, also known as the Wage Earner’s Plan, is a version of bankruptcy that helps filers maintain a semblance of a normal life while managing their debts. While filing chapter 13 doesn’t erase all debts and isn’t for everyone, it can be really helpful in the right circumstances. If you’ve done your research, spoken to a bankruptcy attorney, and have determined chapter 13 is right for you, here’s how you can file. What Is Chapter 13 Bankruptcy? Chapter 13 is a plan in which an...
What is Chapter 11 Bankruptcy?
If you’re considering bankruptcy, the first step you need to take is determining which form of bankruptcy fits your needs. There are several types, and each serves a unique function. What is chapter 11 bankruptcy and is it right for you? An experienced bankruptcy attorney can answer that question. What Is Chapter 11 Bankruptcy? Chapter 11 is most commonly known for reorganization. Reorganization is a plan for repayment on debts that are owed by an individual or business. It is a significant...
Things To Consider Before Filing Bankruptcy
Filing bankruptcy is not an easy decision. It does not always make your debts magically disappear, nor is it a straightforward process that is easy to comprehend and accomplish. If you are wondering if you should file bankruptcy, then you are facing a stressful and impactful decision that requires careful evaluation.. Though the social stigma of filing bankruptcy is negative, it does not necessarily mean that you will lose all your assets nor does it mandate a life living in...
What is Chapter 7 Bankruptcy?
Bankruptcy is a big decision, and you’ve most likely done your research if it’s something you’re considering. By this time, you’ve probably realized there are several types of bankruptcy. They each serve a unique purpose and are meant to help people in different situations. What is chapter 7 bankruptcy? If you’re curious if this type of bankruptcy is right for you, read on to learn more. What is Chapter 7 Bankruptcy? Chapter 7 bankruptcy is a form of bankruptcy that forgives unsecured...
What is a Durable Power of Attorney and How Do You Set One Up?
Setting up a power of attorney (”POA”) is very useful if you anticipate being incapacitated or unable to manage decisions in the future. It’s also a good idea to set up a power of attorney even if you don’t expect anything preventing your decision making abilities in the future. Life is uncertain and you never know what might happen, so, being prepared is key. There are many different kinds of POA. What is a durable power of attorney and how can you set one up? What is Durable Power of...
