3 Things You Will Need To Do Before Filing For Chapter 7 Bankruptcy

Filing for bankruptcy is not something you should just rush right into, as it is a big event to go through, but it can be a great solution for many people. If this is something you are thinking about doing, there are three things you will need to do before you file your paperwork for bankruptcy. 1. Look into alternative options for debt-relief  When you are considering bankruptcy, it is likely because you have major amounts of debt and you do not know how to get out of the debt you have. Read More 

Bankruptcy After A Divorce: Good Planning During Your Divorce Can Save You Money

If you and your spouse decide to get a divorce, it's important to know that both your assets and your debt are considered marital property. If you live in an equitable distribution state, you'll get your share of both depending on what is deemed fair, while a community property state will divide everything in half. When there is significant marital debt and you know you aren't going to be able to pay it back, some careful planning may help you if you decide to declare bankruptcy. Read More 

How Not To Freak Out Over Your Creditor’s Meeting

For some people, the worst part of bankruptcy is actually making the decision to file for it. But once that is done, you can heave a big sigh of relief—until you find out that you must also attend something called a "creditor's meeting." Being a bit disgruntled at this news is understandable; after all, who wants to meet with the people that you are including in your bankruptcy petition? Won't that be embarrassing? Read More 

Now That You Have A Chapter 13 Agreement: Tips For Making Your Payments

Once you have chosen Chapter 13, you will need to commit to make your regular payments to ensure that creditors get at least some of what you owe them. Fortunately, there are some techniques you can use to make paying off Chapter 13 much easier. Payroll Control To make sure that you do not default on your Chapter 13 bankruptcy, one option is to select payroll control. This is where the monthly payment for Chapter 13 is deducted straight from your paycheck. Read More 

Two Questions About Your Rights In Debt Disputes

Financial debts can place a tremendous burden on your budget, and if you fall behind on these bills, it is possible for the creditor to take serious legal action against you. In these instances, it is important for you to understand your rights to make sure that they are not being violated. For those that have never had to battle debt collectors, learning the following answers to some routine questions will help you to make informed choices about how to best handle this problem. Read More