The decision to file for personal bankruptcy protection is up to the individual. Ultimately, you must decide whether bankruptcy is what you need to take care of your debt and hit the reset button on your financial problems. This is not a decision to take lightly, but...
Alexandria Legal Blog
I have decided to file for bankruptcy; now what?
Coming to terms that you need to file for bankruptcy is the first step in securing your financial freedom. You and more than 700,000 other people make this same important decision every year. But now that you've made this decision to file for bankruptcy, what comes...
Yes, you can buy a home again after bankruptcy
A common myth about personal bankruptcy is that it ruins your credit score for the rest of your life. Some people have the wrong impression that someone who goes through Chapter 7 or Chapter 13 bankruptcy will never get approved for a mortgage, business loan or credit...
5 things you should know before filing for bankruptcy
People sometimes put off filing for bankruptcy far longer than they need to. They worry about the stigma and how bankruptcy will affect their future. Although you should not take the decision to file for bankruptcy lightly, there is no reason to wait to find out your...
Important factors to consider before filing for bankruptcy
It's up to you whether or not to file for Chapter 7 or Chapter 13 bankruptcy. Your choice can have serious consequences for your financial future, as well as your peace of mind. Before deciding if personal bankruptcy is the right decision for getting rid of your debt,...
Could Bankruptcy Give You a Fresh Start in the New Year?
2020 has been a year of trials. From lockdown measures to soaring unemployment, Americans the country over are looking for ways to turn their financial futures around in the new year. What many Americans do not consider is filing for bankruptcy. Despite its negative...
Will filing bankruptcy help you discharge your student loan debt?
If you are among the 45 million Americans with student loan debt, you may have no easy way to pay it off. The average person has a balance of around $33,000, which can take 10 to 30 years to pay off – in ideal conditions. Yet, your income, employment status or other...
How Long Does Bankruptcy Affect My Credit?
One of the many myths surrounding bankruptcy is that it permanently affects your credit score. While it’s true that your score can take a hit right after filing, many people are able to recover their score and end up in good standing again eventually. But how long...
How to raise your credit score after bankruptcy
There’s no getting around it – while bankruptcy provides relief from debt and the chance at a fresh start, it isn’t without its setbacks. Depending on which chapter of bankruptcy you file, it can remain on your credit report for seven to 10 years. In addition to this...
Busting common myths around consumer bankruptcy
To many, the only thing worse than living with overwhelming debt is the idea of having to file bankruptcy. Bankruptcy doesn’t have the best reputation – most people associate the process with financial ruin. However, while it is a significant financial decision, the...