What You Need to Know About the Chapter 7 Bankruptcy If you are laden with anxiety because your business is on the verge of bankruptcy, filing for the Chapter 7 will help you reorganize your debt to avoid liquidation of your company assets. This also gets you off the hook of acquiring additional liabilities caused by charges against your monthly…
Two Common Myths About Filing Bankruptcy Almost everyone, at one time in their life, has lost control of their finances and became uncertain about the future. What do you do, with approaching medical bills, credit card bills, and notices of past due bills stacking up? Attempting to handle debt on your own is difficult and oftentimes uncertain. Creditors are constantly…
Should You File Chapter 7 Bankruptcy? Filing for bankruptcy is never an easy decision. You may have mixed emotions as to if you are doing the right thing and if you will be able to rebuild your credit in the future. With financial times being difficult in the current economy, it is not uncommon for individuals to find they are…
The word bankruptcy is often seen in a bad light as it is believed to connote extreme poverty, despair, and hopelessness. For those who have no clue what they are doing, filing for bankruptcy may very well mean all those things. For some who have consulted financial professionals, however, declaring bankruptcy can provide a number of advantages when used correctly.…
Filing for bankruptcy is never an easy task. Many individuals find themselves without a job, health problems or other difficult times that lead to the need to file for Chapter 7 bankruptcy. For someone who knows nothing about bankruptcy, the process can seem daunting and very stressful. Thankfully, there are attorneys who can assist with the bankruptcy process. What is…