Falling behind on your car loan payments can feel scary and stressful, but all hope is not gone. If you are worried about your car getting repossessed, find solace in the fact that there is a way to keep it. Filing for Chapter 13 bankruptcy can protect your car from repossession and help you get back on track with a repayment plan. Learn how filing for bankruptcy can help you keep your car.
Is your New Year's resolution to finally face your debt? If so, meeting with a bankruptcy lawyer might be the best first step to take.
Owning a business is not for the faint of heart. While starting a successful business from the ground up can be one of the most rewarding experiences in life, there are many, many businesses that fail every year in Louisiana.
For many people facing serious debt problems, the last thing they want to do is take on a complicated legal process like filing for bankruptcy. But the truth is that, with the right lawyer on your side, filing for bankruptcy doesn't have to be stressful.
There is a lot of misinformation that gets passed around about bankruptcy. Are you falling for any of the myths that are out there?
If you are in your 20s or 30s and already have significant debt, you are certainly not alone. Research shows that two-thirds of millennials have long-term debt and a majority are struggling to repay it.
As you may already know, in order to qualify for Chapter 7 bankruptcy you have to pass a "means test." The means test was put in place to reserve bankruptcy for people who need it most. As a result, people with higher incomes are not allowed to file for Chapter 7 bankruptcy.
The short answer to this frequently-asked question is: Yes, it is often possible to file for bankruptcy protection and keep your home.