You have been considering bankruptcy, but you really do not like the idea of liquidating your assets with Chapter 7. You want to keep them. Is that possible if you opt to use Chapter 13 instead? It is. This is one of the big advantages of Chapter 13 bankruptcy. While...
Month: July 2018
You can discharge student loans, but it is difficult
You may have heard that Chapter 7 bankruptcy cannot be used to get rid of student loans. While that is true for many people, it is not 100 percent accurate in all cases. While most student loans stand even through bankruptcy, some can get discharged when they result...
Can you buy a car after declaring bankruptcy?
You want to use Chapter 7 bankruptcy to eliminate your debt, but you worry that it will destroy your credit rating. This will make it hard for you to buy a car, something you absolutely need to do for work. Can you buy a vehicle after bankruptcy? You absolutely can....
Moving forward with the appropriate chapter of bankruptcy
Making the choice to move forward with filing for consumer bankruptcy can be difficult, especially if you are unsure which chapter may be most appropriate for your unique situation. If you are unable to meet your financial obligations and are struggling with debt, you...
Budgeting tips after Chapter 13
The point of Chapter 13 bankruptcy is to give you affordable payments to pay off what you owe. These are due on a monthly basis. As such, you need to have a budget and stick to it. You do not want to miss those payments. Creating a budget helps you see what...