Bankruptcy has a bad reputation for negatively affecting your credit and liquidating assets. However, filing bankruptcy allows individuals and businesses to gain a fresh start on a path towards financial freedom from debt. There are many different types of bankruptcy,...
Debt Consolidation vs. Bankruptcy When considering how to handle your overwhelming debts, it is imperative to understand all your options. Common forms of making debt management easier are debt consolidation or various filings for bankruptcy. Depending on your...
Though the public perception of bankruptcy is negative, bankruptcy does not mean defeat. Filing bankruptcy for a small business was created to get business owners back in good financial standing and make getting out of debt attainable. While large corporations have a...
Chapter 7 bankruptcy is a form of bankruptcy that eliminates your debts. In some cases, it may require liquidation or the selling of assets in order to pay off debts. However, in almost all Chapter 7 cases, the filer can keep their home and vehicles. I. The other...
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...
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...
