Chapter 7

Chapter 7 bankruptcy is also called the ‘fresh start’ bankruptcy. If you are drowning under a pile of debt, this may be a viable solution to help you get back on your feet.  While it’s true that some debts such as child support, tax bills, and student loans cannot be...

Bankruptcy can be a powerful tool for those with too much debt, but many people don't take advantage of bankruptcy protections. Frightening rumors about the consequences of bankruptcy can prevent people from filing when it would be a good decision. One of the most...

Life is full of ups and downs -- especially where your finances are concerned. A few missed days of work or a big repair bill for the car can easily have you pinching pennies for a while. So, how do you know if this is just some temporary financial distress from which...

You're swimming in debt, wondering if you'll ever get your head above water and concerned about your financial future. While you're doing everything you can to make progress, nothing seems to work.There are many benefits of a Chapter 7 bankruptcy filing, with the...

With so many benefits, it's easy to assume that Chapter 7 bankruptcy is the best way to improve your finances. And in many cases, you may be right.However, before you file, you'll want to learn more about some potential disadvantages. This knowledge allows you to plan...

If you have a large amount of unpaid debt, it's possible that a creditor could attempt to garnish your wages. If they receive a legal judgment, a portion of your wages will be withheld and paid to the creditor until your debt is paid off.Although the federal Consumer...

Once you decide to file for Chapter 7 bankruptcy, it's important to turn your attention to the process itself and what will happen in the future.Your life will change in many ways as the result of a Chapter 7 bankruptcy. For example, you may be left with some types of...

There may come a point in your life when you're no longer able to make your mortgage payments. Maybe you've fallen behind because of a serious health problem. Maybe you've lost your job and are not earning nearly as much money as you once were.If you're struggling to...

If you're interested in learning more about Chapter 7 bankruptcy, it never hurts to compile information to help you make an informed and confident decision.If you decide to proceed, there are several steps you can take to prepare for the process:Understand the pros...

If you're considering Chapter 7 bankruptcy, there's a good chance that your finances are in shambles. Even though you're frustrated with your situation, taking a few key steps will go a long way in getting back on track.There are many advantages of Chapter 7...