The prospect of bankruptcy raises countless questions, especially about what assets you can keep. For many, the most crucial assets are not fancy cars or expensive jewelry but the tools they rely on daily to earn a living. In general, bankruptcy laws aim to give you a...
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Bankrupcty
3 benefits of filing for bankruptcy
Going bankrupt is usually viewed as a negative. After all, it means admitting you can no longer pay your dues and need government assistance to avoid further financial ruin. But here's something to consider: bankruptcy can be a lifeline. It is a last resort for people...
Common reasons to modify a Chapter 13 bankruptcy plan
Filing for Chapter 13 bankruptcy provides individuals with a structured plan to repay their debts over time. However, life is unpredictable, circumstances can change and the original plan may no longer be achievable. Modifying a Chapter 13 plan, though, can be a...
Is filing for Chapter 7 bankruptcy worth the effort?
Filing for Chapter 7 bankruptcy can be a significant undertaking, and it can be an intimidating opportunity as a result. Whether filing for debt relief is worth the effort depends on each individual’s financial situation. If you are thinking about filing for Chapter 7...
The benefits of filing for Chapter 13 bankruptcy
Filing for Chapter 13 bankruptcy can be a powerful process for individuals who are struggling with significant debt but who wish to avoid the potentially severe consequences of a Chapter 7 liquidation. This form of bankruptcy, allows debtors to retain their assets...
Can bankruptcy stop foreclosure?
You may be one of the many American consumers who are struggling with keeping up with their financial responsibilities. Whether it’s higher prices due to inflation, unexpected medical emergencies, job loss and more, you may be having a difficult time paying your...
Does bankruptcy stop foreclosure?
There are a few different ways to stop foreclosure if you’ve gotten the notice and you want to keep your house. Of course, the best thing to do is to see if you can get current on your mortgage payments once again. Most lenders would prefer for you to get current,...
How does bankruptcy affect my estate plan?
You have made your estate plan, but then circumstances change, and you find yourself facing bankruptcy. Bankruptcy can have significant implications for your estate plan, potentially affecting the distribution of your assets and the execution of your wishes. When you...
What debts are ineligible for discharge?
If you fall on hard times and require relief from financial burdens, you can file for bankruptcy for relief based on your circumstances. Doing so could help you settle as much debt as possible as you get back on your feet. This process can also help you seek a...
Busting bankruptcy myths with the facts
Arizona residents understand the economic disruption that has hit the entire country in recent years. If your family has been struggling to resolve severe financial strain, you are not alone. Many other households are currently navigating similar situations. Some...