Articles
Business Bankruptcy: Frequently Asked Questions
What is the difference between a Chapter 7 and Chapter 11 bankruptcy?
Businesses usually have a couple of choices when filing bankruptcy. Chapter 7 bankruptcy is reserved for those companies that are struggling so badly that they cannot remain in business. The business is usually liquidated, then all assets left over are distributed between shareholders and [...]
Are you on the Verge of Bankruptcy? 5 Warning Signs
Many people that consider filing bankruptcy make the mistake of waiting too long before seeking legal advice from a bankruptcy attorney. There are simple warning signs you can look out for.
If you are experiencing more than one of these warning signs and have accumulated debt you cannot afford to repay, you may be on the [...]
The Advantages and Disadvantages of a Short Sale
Living in a recession is difficult for most people, especially US homeowners that are living from one paycheck to the next. They often wonder how they will keep their mortgage payments current and prevent foreclosure of their property.
Oftentimes, misinformed homeowners are led to believe that entering into a short sale agreement with regard to their [...]
Five Factors that Determine your Credit Score
You’re often reminded of how extremely important your credit (aka FICO) score is. Nowadays, your credit score can determine whether or not you purchase a home for your family, insure your vehicle or take a new job. Yes! That’s correct. Employers are checking the credit scores of potential employees as part of the hiring process. [...]
Five Common Chapter 13 Bankruptcy Myths
Although Chapter 13 bankruptcy is not the most widely used bankruptcy option, it is preferred by many homeowners that are on the verge of losing their homes. Under a chapter 13 bankruptcy, single or married consumers are allowed to propose a three to five year repayment plan, during which time they can bring their past [...]
3 Reasons Bankruptcy May Be Right for You
Although bankruptcy is not the right solution for every consumer or business owner, it may be for you. If you’re suffering from severe financial hardship, are unable to pay your bills or trying to prevent foreclosure on your home, you may find this debt relief option very beneficial for your situati0n.
Here are 3 [...]
Can Medical Expenses Lead to Personal Bankruptcy?
Are your medical expenses out of control and leading you to consider bankruptcy? If so, you are not alone. At the top of the list of reasons people file personal bankruptcy, medical expenses are there.
Increasing Medical Expenses can Lead to Personal Bankruptcy
The average American’s medical expenses have increased dramatically over the years. Many Americans are [...]
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