About Me

Working With A Bankruptcy Professional

A few years ago, when I realized that I couldn't pay my mortgage anymore, I knew that I needed to do something to correct my finances. It seemed like I just couldn't catch a break, and after losing my job, I knew that I was in trouble. I started looking for new work, but I knew that I needed to fix my credit somehow. I was at the end of my rope, until a friend talked with me about the possibility of declaring bankruptcy. She explained that it helped her to start over. I met with a bankruptcy attorney who was incredible to work with, and I was amazed at how much it helped my situation. Check out this blog to learn how working with a bankruptcy professional could help you.


Working With A Bankruptcy Professional


The Worst Mistakes Made When Applying For Bankruptcy

Declaring bankruptcy should ease your financial stress and give you a fresh start. However, your application might produce unfavorable results if you don't follow the right steps. Unfortunately, this might worsen your situation because it will allow creditors to take legal action against you. Besides, some errors might get you into trouble with the court, and the judge might order you to pay a fine or sentence you to prison for fraud.

Considering Bankruptcy? Be Careful With Your Credit Use

Credit cards are relatively easy to acquire and use, but it can be challenging to pay what is owed. The ease of use has contributed to many consumers having to file for chapter 7 bankruptcy. Once a consumer's credit card balance climbs, the minimum payment each month may be difficult to meet. However, if you are planning to file for bankruptcy, how you handle your credit card use beforehand can affect your ability to obtain a financial fresh start.

Don’t Be Nervous: How to Handle Your Chapter 7 Creditor’s Meeting Easily

After you file chapter 7, you will be asked to appear at the 341 meeting (named after the bankruptcy code number). Most people, though, refer to this event as the creditor's meeting. This meeting is nothing to get worried about, and after reading the information below, you will be more than ready for it. Be Ready for the Meeting Your goal is to arrive on time (or early) because late-comers could be locked out and be forced to reschedule.

Holiday Spending Put You Even More In Debt? What You Can Do

If you were already struggling financially and the holidays have put you even further over the edge, you may need to figure out your finances for the coming year. One of the things you can do to ease your finances and set off the next year on the right track is to file for Chapter 13 bankruptcy. Chapter 13 bankruptcy is not a forgiveness of your debts but rather a debt repayment plan to pay back your debts on a payment plan that is affordable to you.

What Should You Stop Doing Before You File Bankruptcy?

You may have taken on debts with all intentions to pay them off, but sometimes, life happens. You may lose your job, face health issues, or even see your salary substantially change. Unfortunately, these life changes can make it impossible to pay off the debts you owe, and it can rapidly become a dire situation. Filing bankruptcy can save you from complete financial ruin and the stress that goes along with debt collection processes.

Bounce House Injuries And Taking Action

Some people have witnessed an inflatable bounce house flying through the air. Even with no one inside at the time, those videos have the power to send chills of fear in most. As long as the people responsible for the bounce house know what they are doing, this recreational attraction can be a safe way for children to burn off some energy. What should be a fun way to entertain children at outdoor events, however, may not be as safe as parents would like.

When You Don't Want To File For Bankruptcy: Smarter Approaches To A Debt-Free Life

Bankruptcy should always be a last-ditch effort at unloading debt. Considering the ugly impact that bankruptcy can have on your credit over the next ten years, you should seriously consider and weigh the consequences of this option before following through on it. If you want to explore other options, consult with a debt consolidation attorney. Here is some of the advice such an attorney might give to you: ​Organize Your Debts from Highest and Oldest to Lowest and Youngest

2 Reasons To Consider A Chapter 13 Bankruptcy Filing

One of the hardest parts about filing for bankruptcy is trying to decide what type of bankruptcy is the best fit for your financial situation. Listed below are two reasons to consider a Chapter 13 bankruptcy filing in order to help you make your decision a bit easier. Get To Keep Your Property One of the biggest differences between a Chapter 7 and Chapter 13 bankruptcy is the fact that you do not have to give up as much property when you file for a Chapter 13 bankruptcy.

Want A Divorce And Drowning In Debt? What To Know

Getting divorced can be financially draining even if you're doing okay financially, and if you have debt it can be an even bigger problem. If you and your spouse want to divorce but you have no idea how to split the debt, or how you can get rid of the debt because you're currently drained, you want to talk with a bankruptcy attorney. A bankruptcy attorney may be able to help you with your financial problems, and often it's best for couples to take care of their finances before they schedule a divorce.

3 Signs It's Time To Let Your House Go

Making the decision to file for bankruptcy is never easy. There are a lot of things that you have to consider when filing the paperwork. One of those things is whether you are going to keep your home or not. While this is never an easy decision to make, it doesn't have to be as complicated as you might think. To help simplify the process for you, here are a couple signs that you need to say goodbye to your home and move on to something different.

Chapter 13 Bankruptcy And Multiple Mortgages: Make Your Repayment Plan Easier On You

If you currently have two or more mortgages on your home and are in the middle of filing Chapter 13 bankruptcy, you may wonder if there's any way to make your repayment plan more affordable to avoid losing your home. Although Chapter 13 gives you a chance to pay off one home mortgage, it may be difficult to repay two or three mortgages if your income is less than all three mortgages put together.

3 Things That Can Cause Your Disability Claim To Be Denied

There are few things more embarrassing than having to admit you no longer are physically able to work. So many feel that they still have to work through their debilitating pain, but there are disability benefits available for those who apply for them. However, it can be very difficult for some to get benefits. Statistics show that only around 65% of applicants are approved on their first try. That means around 35% of applicants are denied for various reasons.

3 Tips For Purchasing A Home After Filing For Chapter 7 Bankruptcy

Chapter 7 bankruptcy is commonly used by individuals and businesses as a way of forgiving any outstanding debt. As a part of the bankruptcy agreement, a trustee is assigned to your case and that person is responsible for helping you liquidate all of your assets. The money received from the liquidation is used to pay off creditors. For many homeowners, this means that your home will be one of the assets that are liquidated.

6 Stages Of The Foreclosure Process

Being unable to afford you monthly house payment can be a difficult time. You may need to consider foreclosure if this happens to you during any stage of life. Foreclosure is when your lender will take back the property if you aren't able to pay for it. Knowing the specific stages of this process may be helpful to you if you're faced with this unfortunate financial situation. Stage #1: Defaulting on Payment

How To Prepare For Your 341 Hearing During A Chapter 13 Bankruptcy

The best person to help you navigate through all the complications of a Chapter 13 bankruptcy is always your bankruptcy attorney, but there is plenty that you can do to prepare yourself for the significant events that happen in the course of the bankruptcy. Anyone who files for Chapter 13 bankruptcy will be told to report to a 341 hearing. This kind of hearing is commonly referred to as the Meeting of Creditors.

What The 2005 Bankruptcy Law Changes Did To Restructure Debt And Debt Settlements

Prior to2005, debtors could consistently take advantage of the bankruptcy laws and file multiple bankruptcies within several decades. This meant that many creditors would extend credit to these individuals, only to have them abuse the legal system to eliminate the debt. The bankruptcy law changes in 2005 did not change the way people file for bankruptcy, only how they could file and the types of bankruptcy that could help them out of debt.

4 Mistakes To Avoid When Filing For Bankruptcy

Filing for bankruptcy may be the only option for many people when it comes to settling debts and other financial problems. However, there are many mistakes that people can make when filing for bankruptcy that can potentially ruin their chances at receiving a bankruptcy filing. Here are four mistakes that you must avoid when you are filing: Giving Away Property: Before filing for bankruptcy, some people will transfer the title of some of their assets to other people, such as family members.

What To Do After Filing For Bankruptcy

Following a bankruptcy claim, you will need to do everything you can to start to fix the damage to your credit. You will want to avoid some of the pitfalls that got you into the financial trouble in the first place, so here are some tips for what to do after filing for bankruptcy. Start Living On Cash When you file for bankruptcy, you will have to immediately start paying close attention to your finances to ensure you stay within budget.

Seeking Redemption: Do You Have To Honor Customer Gift Cards Under Chapter 11 Bankruptcy?

How your business handles outstanding gift cards and gift certificates during a Chapter 11 bankruptcy reorganization depends on the court's orders, and not on whether you want to retain the goodwill of your customers and the general public. If you plan to keep your brand on the market, it makes sense to honor gift cards. If you plan to liquidate, there's not as much incentive unless you're compelled to do so by the courts.

Why Getting A Secured Credit Card Is A Good Idea After Bankruptcy

Chapter 7 bankruptcy can be a good solution for debt problems, but it also has negative effects when it comes to your credit. If you want to rebuild your credit after you file, you may want to look into getting a secured credit card. Here are two things you should know about this. How does Chapter 7 affect your credit? As soon as you file for Chapter 7, the credit bureaus will be notified.

Can I Keep My Disability Payments During Bankruptcy?

If you file for chapter 13 bankruptcy, you will be subject to a payment plan where some of your future income will go towards repaying your debts each month. Many people have questions about how to navigate chapter 13 bankruptcy if they have social security disability income. In some cases, bankrupt individuals have been successful at arguing to keep their social security disability income. Here are some guidelines for keeping the maximum amount of your income with social security disability earnings.