Bankruptcy

Debt Relief

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Bankruptcy FAQ

Bankruptcy

Who knows you filed for bankruptcy?

For the most part, the general public, including your friends and family, will not know that you filed for bankruptcy unless you tell them. However, there are a few parties that must find out as part of the process. Who receives notice of your filing for bankruptcy?...

3 tips for developing a post-bankruptcy budget

Bankruptcy can help you eliminate significant debt and move forward financially. If you recently filed bankruptcy, you are one of many Americans who also took advantage of this legal option. According to the U.S. Courts, in 2021, annual bankruptcy filings totaled...

The documentation needed to file for bankruptcy

When bills and debts pile up, filing for bankruptcy may offer a welcome fresh start. Whether filing for Chapter 7 or Chapter 13 bankruptcy, the following documentation will prove helpful: Proof of income Tax returns and pay stubs establish your income. Provide at...

What is the difference between bankruptcy and debt relief?

If you are in financial trouble, you may feel a lot of anxiety about what you should do to resolve it. Having debt can complicate many areas of your life, and prevent you from making big life decisions. Everything from housing to finding a car can feel impossible when...

How long does it take to go through bankruptcy?

People file for bankruptcy for everything from a medical emergency or death to job loss and divorce. However, bankruptcy is not a solution to every form of debt. Before you consider filing, you should make sure you qualify. There are several different types of...

What is the means test for Chapter 7 bankruptcy?

Financial hardship can be overwhelming, but the bankruptcy process exists to provide some relief and help you recover. The means test has two parts aimed at determining if you are eligible to discharge all your debt through Chapter 7 bankruptcy or if you can afford to...

Should I file for bankruptcy?

With medical bills, mortgages and car payments, expenses can pile up and leave you feeling defeated. If mounting debts are causing stress in your life, you have options. Filing for bankruptcy offers a fresh start for people in financial distress. What type to file...

Filing for bankruptcy: What to expect and how to get started

The decision to file bankruptcy is never easy, but many people find it the best option for their circumstances. Bankruptcy can be a tool for financial recovery and a path forward out of debt-related stress. To utilize this process to your benefit, you need to know how...

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