Why Credit Counseling Is Required And Beneficial When Filing For Chapter 7
15 November 2018
When you make the tough decision to file for Chapter 7 bankruptcy, your lawyer will talk to you about completing a credit counseling course before you actually sign and file the paperwork for your case. Additionally, you will have another course you must take after you file the paperwork for your case. Both courses are required for all individuals who file, but you can benefit greatly through these courses if you take them seriously.
Is It True You Can't Pay Off A Chapter 13 Bankruptcy Plan Early?
21 September 2018
It can take up to 5 years to complete a chapter 13 payment plan, and anything can happen to your finances in that time period. For some people, this means receiving temporary or permanent increases to their income. However, if you're hoping to use the extra money to pay off your chapter 13 plan and end your case early, here's why that may not be possible.
More Income Equals Increased Payments
Under Oath And On The Spot: Bankruptcy Questions
1 August 2018
If you are declaring a chapter 7 bankruptcy, you will be required to appear at a creditor's meeting at some point after you file and before the final discharge. This meeting will almost assuredly be quick and uneventful, but part of it will involve you responding to questions from the bankruptcy trustee and sometimes your creditors. You can prepare yourself by reviewing some of the most common questions asked below.
Up Against the Financial Wall? Why Bankruptcy Is a Great Choice
19 May 2018
Out of all of the situations that you can encounter in life, financial matters can be some of the most difficult to deal with. When you have racked up so many bills that you wonder how you'll make ends meet, it's hard to see the silver lining of the gray clouds that seem to surround you. If you're currently knee-deep in debt, it might seem as though you'll never find your way out.