Are you considering filing for bankruptcy but worried about protecting your assets? You are not alone. Filing for bankruptcy is a difficult decision, and the potential loss of your hard-earned assets can add to the stress. Fortunately, the U.S. bankruptcy law provides ways to protect certain assets. When considering bankruptcy, it is important to understand the various bankruptcy exemptions and which assets you can protect.
Are you experiencing financial difficulties? We understand how difficult that can be and have articles that will help you find you way back to financial security. Read about the different types of bankruptcy and learn more about the advantages and disadvantages of each one.
Let’s be honest for a moment: Bankruptcy is not a word that anyone wants to bring up in any form of conversation. The thought of it alone makes you feel that you have somehow failed in whatever it is that you may have been doing in life. The fact of the matter is that everyone has debt and sometimes the debt can become overwhelming, even to the most sophisticated individuals. It is important to realize when it’s time to consider taking the steps to begin proceeding with Bankruptcy.
There is no limit on the number of bankruptcy cases that one may file. In fact, there is no limit in between time frames to file bankruptcy. Nevertheless, if sufficient time between filings does not take place, you may be not be eligible for “discharge.”
Is there credit after bankruptcy? Yes. You can and will be able to get credit after bankruptcy. Bankruptcy is thought to be an absolute barrier to future credit, but it’s not.
When you fall behind on your car payments, your car could be repossessed. Car repossession, whether involuntary or voluntary, results in a lower credit score. Find out more about steps you can take to avoid the damage to your credit and keep your car.
Many consumers go and speak with an attorney regarding the types of bankruptcies they can file. While there are many, usually consumer bankruptcies fall under Chapter 7 or 13. Each type of bankruptcy is used for a specific type of problem. We look at the most popular ones, and how they differ from one another.
When filing for bankruptcy many people are nervous and unsure of what to do. It is critical to the bankruptcy process to avoid mistakes and proceed responsibly.
The financial issues surrounding the severity of needing to file for bankruptcy are extremely anxiety provoking and stressful for all parties involved.
Filing a bankruptcy means that you have to build your credit back up from the bottom. It can be done through some useful tips and tricks.