Are you financially upside-down? If so, I can truly relate. I had lost my job and it took about six months for me to find a new one. During those six months, I drained most of my savings just to avoid losing my house. I dealt with daily collection calls from the creditors that I just couldn't pay and I struggled to keep from falling into a depression. I began looking into my options and found that the only option that I really had was to hire a bankruptcy attorney and go that route. Visit my site to find a few tips that helped me get through this difficult time without becoming clinically depressed.
getting through financial troubles without becoming depressed
Bankruptcy Basics: Key Information You Need to Know Before Hiring an Attorney
22 August 2023
Dealing with overwhelming debt and financial difficulties can be an incredibly stressful situation. If you find yourself in this position, filing for bankruptcy may provide relief and a fresh start. However, before taking the step of hiring a bankruptcy attorney, it's essential to understand the basics of bankruptcy law and the process involved. What is Bankruptcy? Bankruptcy allows individuals or businesses relief from overwhelming debt. It is governed by federal law and provides a structured framework for debtors to resolve their financial issues and potentially have their debts discharged or restructured.
5 Reasons You Can Still Have Fun During Chapter 13 Bankruptcy
4 January 2023
Filing for bankruptcy protection isn't fun for most debtors, but Chapter 7 (liquidation) bankruptcy has the upside of being over quickly. Chapter 13, or repayment plan bankruptcy, though, takes three to five years. During that time, you'll be obligated to a set payment every month — overseen by the trustee. You may worry that this means you won't be able to enjoy your free time, go anywhere, or buy anything unnecessary.
5 Reasons To File Bankruptcy Even If You're Judgment-Proof
6 July 2022
Have you considered filing for bankruptcy protection? Some potential filers hesitate to do so because they feel they have few enough assets that creditors wouldn't actually be able to seize property, even if they did get a court judgment for payment. This is often referred to as judgment proof. But should this situation prevent you from filing for bankruptcy protection? No. Here are five reasons why. 1. You May Be Wrong.
How Bankruptcy Attorneys Can Make A Positive Impact On Those In Debt
8 December 2021
When facing something as serious as bankruptcy, you want to make sure you're doing everything correctly to avoid further financial issues and legal complications. In that case, you should hire a bankruptcy attorney who's willing to do these things. Outline Specific Terms of Selected Bankruptcy Option There is more than one form of bankruptcy that people can file for, including Chapter 7 and Chapter 13 bankruptcy. Whichever option you end up going with, you want to know the exact terms you're signing up for so that you follow the right path moving forward.
What You Need To Know Before Filing For Bankruptcy
20 July 2021
If the COVID-19 pandemic has taught everyone anything, it is that life is fleeting, jobs aren't permanent, but bills and taxes will keep piling up. A lot of households and businesses struggled to keep up and opted to seek debt relief options. Some of these options include debt consolidation loans and filing for bankruptcy. Before you decide to file for bankruptcy, there are several things you ought to know. Bankruptcy Will Not Absolve All Your Debts