Blog Posts in October, 2017

Pros and Cons of Bankruptcy

Before declaring bankruptcy , consider the benefits, as well as the potential harm. The positive and negative consequences of bankruptcy will depend on the type of bankruptcy you file for. Here, we address the most common forms of bankruptcy and what you need to know before filing. Chapter 7 Bankruptcy Chapter 7 bankruptcy is the quicker and more straightforward of the bunch. Unsecured debts ...

Benefits of Filing for Chapter 13 Bankruptcy

Chapter 13 bankruptcy is one of the most common routes taken by debtors. The solution it provides fits the majority of people who are heavily burdened by the active repayment of multiple major debts. While bankruptcy has inevitable negative consequences, there are also significant benefits to filing for bankruptcy under Chapter 13 that make it more appealing than alternative approaches. Most ...

What to Do After Bankruptcy Discharge

After you have finished the process of declaring bankruptcy , you are ready to begin the long road to rebuilding financial stability. It can be tough to kick old habits and learn to live within your means once debt has become a way of life. However, there are a few simple steps you can take to get off on the right foot. Keep Your Bankruptcy Paperwork Every scrap of paper used during your ...