Many debtors take advantage of their federally protected rights to file for bankruptcy protection when they are faced with mounting debts they are unable to pay. But that doesn't mean that all debtors in every circumstance will be able to file.
Can you keep your home in bankruptcy? These 3 points will help
Many people neglect to even consider bankruptcy because they're concerned about losing their home. While it's a legitimate concern, there is no guarantee you won't be able to stay in your home after your bankruptcy filing is complete.
Bankruptcy can save you from these serious financial concerns
Everyone runs into financial difficulties from time to time. However, there may come a time when you face a serious financial concern that has the potential to impact your life in a number of ways.
These bankruptcy myths can slow you down
Even though you don't dream of the day when you finally file for bankruptcy, it may be the best way to regain control of your finances. As you learn more about the process, you can decide if now is the best time to take action.
Answer these questions before filing for bankruptcy
If you're facing financial trouble, it's important to consider all your options for seeking relief. Bankruptcy may not be the first thing you think about, but it could be the best way to improve your finances and provide a fresh start in the future.
Should you file for bankruptcy? Five points to help you answer
You may never want to find yourself thinking about bankruptcy, but if you do, you shouldn't jump ahead until you consider the finer details of the process. It's the information you collect that will help you decide what to do next.
Unexpected life changes can lead you to file bankruptcy
When some Americans hear that another person has filed for bankruptcy, they initially think that it has to do with that individual's inability to manage their finances. While this may be the reason that some individuals ultimately have to file, unexpected life changes most often result in bankruptcy filings.
Can bankruptcy put an end to creditor harassment?
It doesn't take long to get in over your head financially. If you carry a balance on your credit cards, finance your vehicles and have a mortgage, those payments likely consume a significant portion of your pay every month. Getting into a car accident, suddenly falling ill or losing your job could mean going from making ends meet to drowning in debt.
Financial stress common in Louisiana
How stressed are people in Louisiana? Very, according to a recent report. And it appears financial stress is a major contributor to this.
Contrasting Chapter 13 with Chapter 7
There are many chapters of bankruptcy, which can lead to a lot of confusion about filing. For the sake of personal bankruptcy filings, there are really only two chapters that are common and relevant for most people: Chapter 7 bankruptcy and Chapter 13 bankruptcy. Most people will end up filing the former rather than the latter, and this is mostly due to the fact that these two chapters have different income requirements.
