Overcoming Personal and Legal Challenges

Overcoming Personal and Legal Challenges

  1. Home
  2.  » Category: "Bankruptcy"

Bankruptcy

How bankruptcy impacts your financial future

Filing for bankruptcy is likely the last thing you want to do, but there are times when you get in over your head financially. Your need to file may be the result of circumstances completely out of your control. However, before you file for bankruptcy, you should...

What protections does bankruptcy afford?

Digging yourself into a financial hole may happen for a variety of reasons. A sudden job loss or medical emergency may see you diverting money to pay for things outside of your control. When your financial situation worsens, and debt collectors call around the clock,...

Do you know your credit utilization ratio?

Thanks to near-record inflation, many families in Alabama and across the country are struggling to make ends meet. If you cannot afford basic necessities, it might be logical to reach for your credit cards. After all, credit cards allow you to buy essential items now...

Is Chapter 7 bankruptcy a better option?

The decision to get a do-over on your financial situation may prove the better path towards easing the debt burdens. Once you want to move forward, you must decide which type of bankruptcy will work better for you. Many misunderstand the Chapter 7 bankruptcy process....

What happens when you file for bankruptcy?

Once you make the decision to file bankruptcy, you will need to prepare your petition. The petition contains a vast amount of information about you and a complete financial profile. You will include all the details of your debts and income within your petition. The...

How to handle your Chapter 13 bankruptcy plan

If you struggle with unmanageable debt, a Chapter 13 bankruptcy may seem like your best option. You might have an opportunity to start afresh and move on from some of your financial woes, including possible foreclosure. However, bankruptcy is never an easy process and...