The inexpensive situation offers pressured several straightforward customers uncover methods for dealing with debts they have accrued whilst holding onto their particular assets as well as living an average lifestyle. Among such possibilities is becoming declaring bankruptcy. In the last 12 months there is a new one-third increase in a bankruptcy proceeding filings, and alsoREAD MORE
When a creditor obtains a court judgment against a debtor, wage garnishment can be soon to follow. Most persons subjected to wage garnishment will consult a lawyer to see if it can be stopped, and many of those will file either chapter 7 or chapter 13 bankruptcy to stop the wage garnishment. While stopping a garnishmentREAD MORE
I know what it’s like having to grapple with crushing debt, not knowing what to do next, whether to file for bankruptcy or try to borrow some more money, wondering when the next phone call from a creditor will come, not even opening your mail because you already know what the envelope contains. I knowREAD MORE
Myth 1: Under the New Bankruptcy Law, There’s No More Bankruptcy Myth 2: Everyone Will Know You Have Filed for Bankruptcy Myth 3: You Will Lose Everything You Have Myth 4: You Will Never Be Able to Own Anything Again Myth 5: You Will Never Get Credit Again Myth 6: Filing Bankruptcy Will Hurt YourREAD MORE
When Vince Johnson started looking for a way to keep his home amid financial difficulties, his attorney steered him toward a Chapter 13 bankruptcy plan. But a second mortgage Johnson had on his property in Zimmerman complicated things. “If we walked away from this house, where were we going to go?” Johnson said in a recentREAD MORE
If your car is worth less than what you owe on it, you may be able to use a Chapter 13 bankruptcy “cramdown” to reduce the balance and interest rate on your car loan. Read on to learn what a cramdown is and how it works in Chapter 13 bankruptcy. What Is a Car Loan Cramdown?
After youREAD MORE
Bankruptcy was designed to protect the consumer. That’s right, the Bankruptcy law was created to protect you! The purpose of the law is top allow the consumer who is over burdened with debt to find a way out. The Bankruptcy law is designed to help you restore your credit, keep your home and car, and to return you to the road of life on a sound financial footing. 