Bankruptcy is a personal issue that sneaks up on quite a few people. Even those who have their finger on the pulse of their finances might still be surprised by the realization that it's time to file. Then there are those who know they are headed in the wrong direction but can't seem to climb out of their debt issues. Here are some signs that you could be headed for bankruptcy.
Staying out of debt after Chapter 13 bankruptcy
Once you've filed for Chapter 13 bankruptcy, it's time to begin putting your financial life back together. Just because you have filed it doesn't mean that you are out of the woods. You can still rack up debt after filing for bankruptcy and it's something you definitely don't want to do. Here's how you can stay out of debt after filing for bankruptcy in New York
Fyre Festival forced into bankruptcy by federal judge
A federal judge has forced the failed Fyre Festival into bankruptcy in New York. The ruling was issued late in August and includes the company that owns the festival. The judge approved an involuntary petition for bankruptcy that was filed against Billy McFarland and Fyre Fest LLC. The approval from the judge forces Chapter 7 bankruptcy.
Weighing the pros and cons of available options for debt relief
If you are facing an insurmountable amount of debt, chances are, your monetary obligations may be causing you to suffer a lesser quality of life. You might be spending most of your time researching the available options, but with so many available outlets for relief, you could be uncertain how to proceed.
What are the benefits of Chapter 13?
Sitting under a mountain of debt is overwhelming, no matter your job status or income. Repaying debt can be a very difficult situation, which is why many people look into bankruptcy as an option. For some, it is their only option. For others, it is a last resort. Here are the benefits of filing for Chapter 13 bankruptcy.
How to determine if asset liquidation is the right move
Finding yourself in debt that continues to mount is quite an ordeal. Many people who find themselves in debt tend to have trouble getting out of it quickly. If debt continues to mount, you will need to find different ways to pay it down. Sometimes having a full-time job just doesn't help. Today, we will take a look at asset liquidation as a way to pay down debt.
