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Posts tagged "Chapter 7"

Tax season is close, so let's discuss discharging tax debt

The calendar has turned to 2018, and with that comes your long-awaited W-2s in the mail (or electronically if you signed up for it). That means it's tax time, and this can be a stressful and debt-filled period of time for many people. They may be worried about the taxes they are about to owe, or they may be concerned about past tax debt that clouds their future.

Filing for Chapter 7 bankruptcy grants you many benefits

One of the terrible things about debt is that it can lead to many people falling into an endless spiral. It makes people desperate, and they may choose to take certain actions that only make their situation worse. A perfect example of this is when someone is in debt and they start accumulating (and using) credit cards in an effort to get out of debt. But in the end, they just make their unfortunate situation even worse.

Discussing Chapter 13 requirements

Everyone who files for bankruptcy has to qualify for the particular chapter that they file for. With Chapter 13 bankruptcy, the requirements are a little different than that of Chapter 7. And Chapter 7 bankruptcy requirements are different than Chapter 11 requirements. And so on and so forth.

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.

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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