4 Things To Know About Chapter 13 Bankruptcy

If your bills are simply more than you can pay, you may want to consider filing for a Chapter 13 bankruptcy. This can help lower your monthly payments and take some of the financial stress off of you. The key to being successful in achieving this legal status is to understand some specifics of it. Knowing certain things about filing for this type of bankruptcy can prepare you in advance. Read More 

Three Debts That a Bankruptcy Will Not Cover

Many people are under the impression that a bankruptcy means that all of their debts will be discharged, and they will start over again with a clean slate. However, this is a false impression. The type of personal bankruptcy that comes closest to the idea of a having your debt wiped away is called a Chapter 7 bankruptcy, and there are several debts that are not covered. The following are three of these debts. Read More 

Tips For Avoiding The Foreclosure Of Your Home

No matter what it was that caused you to fall behind on your mortgage payments, if you are now able to at least keep up with regular monthly payments but are having trouble catching up the past due amount, you might want to continue to read further. Make sure that you are considering the following ways you might be able to avoid the foreclosure of your home. Apply For Loan Modification Read More 

3 Reasons To File For Chapter 7 Bankruptcy

Being unable to pay your bills is never a good place to be. The stresses that accompany the uncertainty of your financial well-being can become overwhelming. If you are in this situation, you may want to consider filing for a Chapter 7 bankruptcy. Knowing some of the most common reasons to file for this status may motivate you to begin the process immediately and get rid of debt you can't pay. Read More 

2 Reasons Why You Might Want To File For Chapter 7 Bankruptcy Quickly

When a person no longer has the money to pay back creditors and will likely not be able to get enough money to pay back creditors, then it might be best for that person to file Chapter 7 bankruptcy. When a person files for this type of bankruptcy, all of the possessions that he or she owns, minus the possessions that are exempt under federal or state law, are listed and then liquidated in order to pay the creditors back as much as he or she can. Read More