Chapter 7 Bankruptcy

People do worry that a bankruptcy won't look good to others. In some ways, that may be true, but on the whole, it's understood that bankruptcy is a legal protection offered only when people truly need it.When you're looking for a job during your bankruptcy or after...

Bankruptcy has long affected Americans, but there is some good news in 2020. According to a new report from Oct. 5, fewer Americans have filed for bankruptcy in 2020 than in 2019 despite the fact that there are 10.7 million fewer jobs in the country and that over a...

If you're stressed out because of your finances, you're not alone. It's hard to know how you're going to move forward when you are working fewer hours than you planned or get laid off for months on end.The good news is that there are many different options for getting...

If you are behind on medical bills, you may think that you'll never get out from under this debt. Medical bills can add up quickly and be hundreds or thousands of dollars. Even a single day in the hospital could end up costing you thousands before you meet your...

You've been working hard, but no matter what you do, it seems like you're never able to catch up on your bills. You're behind on rent, the electric bill, your car insurance and other bills that you have to pay to keep all the things you need.You have a strict budget,...

Whether it is because the economy is depressed or because you've lost your job, dealing with financial insecurity is frustrating and can have a serious effect on your life. You may have creditors and collections agencies calling at all hours. You may be worried about...

Chapter 7 bankruptcies can be great for those who are in debt and who have no disposable income to pay down what they owe. Some people worry about filing for this form of bankruptcy due to the belief that it may leave them with nothing. However, despite the fact that...

When you were trying to check out at the grocery store, you were embarrassed to have your card say it didn't have enough money to pay for your purchase. You had just been paid that day, and you should have had enough. Unfortunately, everything else you owed had come...

Chapter 7 bankruptcy might seem to some like a curse, but the reality is that it's an amazingly beneficial way to get out of debt fast if you meet the requirements to file. Chapter 7 bankruptcy got a bad name because of its liquidation aspect. Liquidation bankruptcy...

One of the long-standing rules of bankruptcy law is that the automatic stay prevents creditors from taking steps to enforce the debts owed to them. In other words, they must do nothing once the debtor files for bankruptcy. However, doing nothing can also get a...