What You Can Expect After Bankruptcy

According to statistics, one in every 55 households filed for bankruptcy in 2005. This number can be very alarming when you think about how many bankruptcies occur every year. People file for bankruptcy for many reasons. It is not always about not having a lot of money. Even if your finances are on par, one major setback, like a medical issue, can end up putting you thousands of dollars in debt. Read More 

Do Your Social Security Disability Income Application Right The First Time To Avoid Delays

The Social Security Disability Income (SSDI) application process is complicated, and a small mistake can disqualify you. The appeals process can be even more complicated and take longer. Get help from a social security disability attorney, like those at Banik & Renner, during your initial application, so you'll avoid these costly mistakes. Reporting an Income That's Too High There are guidelines as to how much income you can have and still be eligible for SSDI. Read More 

3 Steps To Maximize Your Bankruptcy Exemptions

A bankruptcy exemption allows you to keep some of your assets away from the reaches of your debtors. The exemptions you get depend on your state laws, nature of debts and the assets you own. Here is a three-step plan to help you maximize your exemptions: Know What You Have You cannot know what is excerpted and what is not until you know what you own. Therefore, the first step is to identify all your assets. Read More 

Rebuilding Your Credit After Bankruptcy

Rebuilding your credit after bankruptcy is much like building credit from scratch. In most cases, the best way to rebuild your credit after going bankrupt is by getting a credit card and consistently, reliably paying the bill. Get a Credit Card When you first declare bankruptcy, your best option is to get a secured credit card. Secured credit cards are designed for people with bad or no credit, and can only be obtained by putting down a security deposit. Read More 

3 Things To Expect After Filing For Bankruptcy

Many people file bankruptcy every year. Although this may not be the most appealing situation for you, it might be the best way to get out debt and start rebuilding your life. If you are in far too deep and are unable to even function because of your debt, you might consider filing for bankruptcy. Here are a couple things you should expect after filing for bankruptcy: 1. Your Credit Score Will Hurt Read More