Learning About Bankruptcy

Posted on: 29 April 2016

If you are currently struggling financially, you might be at risk of foreclosure. When you go through foreclosure, you lose your home due to being behind on your mortgage payments. If you are also going to file for bankruptcy due to the same financial issues, it might actually be able to stall the foreclosure and help you turn things around before it is too late. Here are some things to know about bankruptcy and foreclosure. [Read More]

Posted on: 27 April 2016

Filing Chapter 7 bankruptcy can be a huge help if you are in debt, and this filing will remain on your credit report for 10 years. While this is a long time, you should know that this does not mean you will not be able to get credit lines or loans for the entire time. Here are several things you can do to help improve your credit score after bankruptcy so you can get approved for a credit card or loan faster. [Read More]

Posted on: 25 April 2016

Students loans have a reputation for being nearly impossible to discharge--even through bankruptcy--and so most individuals do not even bother to try. In reality, however, studies have shown that as much as 40 percent of the only .1 percent of all student loan holders who sought to have their loans lowered or eliminated succeeded, meaning nearly half of those who applied had their burden lessened. If you truly do not have the ability to pay your loans and can demonstrate this hardship, it may be worth your time to have your case examined by a bankruptcy attorney. [Read More]

Posted on: 25 April 2016

Filing for bankruptcy can have a great many effects on the rest of your financial yer, including effects on your taxes. How you should handle your taxes differently in light of a bankruptcy depends on the type of bankruptcy you are filing for and other decisions that you have made. The Effects Of Filing Bankruptcy On An Audit If you are under an audit, filing for bankruptcy will not stop the audit. [Read More]