Recent Blog Posts
How To Prepare for a Chapter 11 Bankruptcy Filing
Chapter 11 bankruptcy generally allows corporations or partnerships to reorganize their debts. With this type of bankruptcy, a business repays outstanding debts over a period of years under the bankruptcy court’s supervision. Filing for Chapter 11 bankruptcy can be a vital step for businesses struggling with financial difficulties, allowing for an opportunity to recover…. Read More »
Can I File for Bankruptcy More Than Once?
When facing insurmountable debt, bankruptcy can be a necessary step. Bankruptcy can help alleviate the burden of overwhelming debt once and for all and allow for a fresh financial start. However, for some debtors, bankruptcy does not alleviate the burden of overwhelming debt once and for all. Some debtors who file for bankruptcy begin… Read More »
Pros and Cons of Bankruptcy for Businesses
It is normal for businesses to take on debt at the beginning. However, getting out of debt can be challenging. When a business faces financial difficulties that it cannot overcome through regular means, bankruptcy can offer a viable solution. Bankruptcy can offer a business an opportunity to discharge or re-arrange debts. Bankruptcy filings are… Read More »
How Does Bankruptcy Affect Child Support Obligations?
If you are a parent paying child support to your child’s other parent and are considering filing for bankruptcy, you might be wondering how bankruptcy will affect your child support obligations. Or, if you are a parent receiving child support from your child’s other parent, you might be wondering how your co-parent’s bankruptcy filing… Read More »
Mistakes To Avoid Before Filing for Bankruptcy
If you are in a difficult financial situation because of debts, bankruptcy can help change the situation. Bankruptcy can allow you to eliminate or re-arrange your debts. However, to ensure a successful bankruptcy case, you need to be careful about the actions you take before and after filing for bankruptcy. There are some moves… Read More »
Can You Discharge Medical Debts in Bankruptcy?
Health care for Americans can be expensive. Many Americans face financial hardships due to medical bills. Research found that in 2019, 137.1 million Americans faced financial hardship because of medical costs. If you are struggling with medical debts, you may be wondering if your medical debt can be discharged in bankruptcy. So, can you… Read More »
How To Rebuild Your Credit After Bankruptcy
When struggling with overwhelming debt, filing for bankruptcy can help you start over financially. However, while bankruptcy gives you the relief of a clean financial slate, a bankruptcy filing can negatively impact your credit. The good news, however, is that the effect of bankruptcy on your credit is not permanent, and this effect fades… Read More »
What Is the Automatic Stay in Bankruptcy?
When debts become overwhelming for individuals and businesses, filing for bankruptcy can offer some relief from creditors. Individuals have the option of filing Chapter 7 or Chapter 13 bankruptcy, whereas businesses have the option of filing Chapter 11 bankruptcy. The automatic stay is one of the most crucial protections U.S. bankruptcy laws provide for… Read More »
Asset Protection: What It Is and Common Strategies for Asset Protection
One of the most crucial things a person can have is financial security. One of the best ways to ensure financial security is through asset protection. It is vital for everyone to understand asset protection. Whether you are a business owner, investor, or just someone seeking to preserve your hard-earned wealth, it is vital… Read More »
How Will Filing a Chapter 7 or 13 Bankruptcy Affect My Credit?
Filing for bankruptcy can offer relief if you are struggling with overwhelming debt. Filing for bankruptcy can allow you to start afresh. If you are struggling to keep up with debt payments and are considering filing for either Chapter 7 or 13 bankruptcy, it is understandable if you have questions. One of the most… Read More »
