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December 2017 Archives

Medical debt can be discharged through bankruptcy

There are so many forms of debt out there that it can be hard to keep track of them all. Credit card debt, mortgages, car loans, student loans, medical debt -- the list goes on and on. But today let's talk about that last one we mentioned. Medical debt is a huge problem for millions of Americans, and it doesn't appear to be getting any better.

The discharge process: which debts are eliminated?

When you file for bankruptcy, one of the most important parts of the process is the debt discharge process. This stage of the bankruptcy will see many of your debts eliminated, and your creditors will no longer be able to go after that debt. Chapter 7 heavily relies on the debt discharge process, while Chapter 13 is more focused on the debt reorganization process and implementing a new payment plan.

Your home can be protected from foreclosure thanks to bankruptcy

There are few assets that could even be considered more valuable than your home. Sure, your car and some valuable family heirlooms hold value, but your home is the place where you feel comfortable. It's where you live. It's where you raised your kids. Losing your home is disorienting in a way that few other things could ever be.

Dying isn't as scary as credit card debt to younger generation

Credit card debt is a scary factor in the lives of many people all across the country. But is it the scariest thing you can think of? According to a new survey done by the website Credible, people aged 18 to 34 who carry credit card debt see their debt as the scariest part of their daily lives. It ranked higher than climate change, the threat of war, and even dying. That's an eye-opening realization about how younger generations see credit card debt.

The short and long term impacts of bankruptcy

Given the complexities of bankruptcy and the fear that many people feel about the process, there are two common questions that people have when they discuss the issue with an attorney. The first is "what are the legal and logistical processes for a bankruptcy filing?" The second is "what impact will the bankruptcy have on my life, both immediately and well into the future?"

Understanding the bankruptcy means test

If you are considering filing for bankruptcy and have begun researching the process involved in doing so, you may have come across the term “means test,” and you may be wondering what it is and what it entails. Essentially, the bankruptcy means test determines whether you may file for debt forgiveness through a Chapter 7 bankruptcy or whether you must do so through a Chapter 13 bankruptcy, which involves restructuring existing debts.

McBride Law Firm

McBride Law Firm
301 Jackson Street Suite 101
Alexandria, LA 71301

Phone: 318-625-0471
Fax: 318-445-8066
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