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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.

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Working With A Bankruptcy Professional

    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.