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chapter 7 Archives

Taking a look at non-dischargeable debts

The discharge process is one of the most important aspects of a Chapter 7 bankruptcy. It allows those that have debt to use the bankruptcy process to eliminate -- or discharge -- some of those debts from their record. Liquidation goes a long way towards eliminating these debts. But the process is a helpful one for many individuals and families all across the country.

Chapter 7 bankruptcy: pros and cons

Chapter 7 bankruptcy is a very common type of bankruptcy filing. Many people choose this type of bankruptcy every year. But what are the benefits to Chapter 7 bankruptcy? And what are some of the downsides to such a bankruptcy filing? Today, let's examine some of the pros and cons.

Should you file for bankruptcy?

Filing for bankruptcy is a big step in any person's life. It doesn't matter how sure you are going into the bankruptcy -- because you will still have plenty of questions, and probably some fears too. So it is best to get as much information as you possibly can before you decide to file for bankruptcy.

Discussing Chapter 7 bankruptcy

People can be in a good financial position and still lose control of it very quickly. Consider this: you have been working hard and saving up for months on end. After accruing a solid amount of savings, you prepare to make a big purchase. But all of a sudden, your car breaks down; and then coupled with that, your work tells you that across-the-board pay cuts need to be made.

Debunking the myths of bankruptcy

Bankruptcy carries many stigmas with it. People view bankruptcy in a certain way and they have been conditioned to think of bankruptcy as the desperate last act of an irresponsible person. However, this is a myth. Many of the preconceived notions that people have about bankruptcy are actually untrue -- or aren't as severe as you may think they are.

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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