Posts

  • What Happens If You Miss A Payment In A Chapter 13 Filing?

    A key part of a Chapter 13 bankruptcy is the repayment plan. If you fail to make your payments as agreed, you could suffer harsh financial consequences. If you are currently on a repayment plan, here is what you need to know.  What Are the Consequences of Missing Payments? The repayment plan in a Chapter 13 bankruptcy is based on how much you can reasonably afford after paying essentials, such as your mortgage. [Read More]

  • What You Should Know About Bankruptcy And Foreclosure

    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]

  • Ways To Improve Credit After Bankruptcy So You Can Get Loans And Credit Faster

    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]

  • Increasing Your Chances Of Discharging Your Student Loans Through Bankruptcy

    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]

  • How Filing For Bankruptcy Affects Your Taxes

    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]

  • Filing For Bankruptcy? Understand The Legal Requirements And Potential Loopholes

    The Bankruptcy Abuse Prevention and Consumer Protection Act (BAPCPA) are the guidelines everyone must follow when filing for bankruptcy. These guidelines mean that there are also loopholes that can be taken advantage of. Since Chapters 7 bankruptcy cases can be dismissed by the court if they feel you're abusing bankruptcy laws somehow, it's important to know what you can and cannot do when following the BAPCPA regulations. Requirements of BAPCPA [Read More]

  • 3 Misconceptions About Bankruptcy

    Oftentimes, people find themselves struggling to make ends meet. Whether it be because they lost their job or their hours got cut, everyone's situation is different. Regardless of what the reasoning is behind it, you don't have to struggle to get through it any longer. You should be able to enjoy life instead of being stressed out all the time about how to make ends meet. Thankfully, there is a solution that can put an end to your finance problems. [Read More]