Bankruptcy

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....

Struggling with expenses beyond your means is stressful, but you have options. Bankruptcy is available for people who find themselves financially overextended with no means of resolution. You can avoid the hamster-wheel feeling by getting a handle on your debts,...

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...

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...

Persistent debt is problematic for various reasons. For one, credit agencies start hounding you with relentless abandon. It remains their job to pressure people into paying. Simply ignoring the constant ringing does not make for a reasonable solution. The way you...

A significant task is deciding to hash out a financial plan that protects your assets. You may not believe a trust will work for your situation, but it is something you should revisit. Trusts are a powerful safeguard for protecting your assets from various life...

Filing bankruptcy can allow you to get a clean financial slate. It can enable you to wipe out debts you cannot pay or create a repayment plan that you can afford and follow through with. In many cases, the debts you have will qualify for discharge, which means removal...

Depending on your state of bankruptcy, your assets may be in danger of liquidation. However, it is not a given that you will lose all or even most of your material possessions and financial accounts to pay off your debts. Alabama bankruptcy law allows debtors to claim...

Alabama homeowners facing the loss of their homes could consider bankruptcy as an option to prevent foreclosure. As reported by Forbes, Alabama law requires lenders to follow a non-judicial foreclosure process. Instead of relying on lawsuits to retrieve property...

Due to unexpected events or medical emergencies, many patients receive expensive health care treatments without giving thought to the costs. The Consumer Financial Protection Bureau describes how Americans generate high medical debts through unplanned and pressing...