Bankruptcy feels like a personal matter, but you really want to think through all of the potential ramifications in advance. You're worried that your employer may find out that you filed and then terminate your position.
When debating between Chapter 7 and Chapter 13 bankruptcy, you may be deciding if you want to have your debt forgiven after liquidating assets (Chapter 7) or if you want to pay the debt off through a repayment plan (Chapter 13).
You may have heard Chapter 13 bankruptcy referred to by its nickname: the wage earner's plan. If you ever wondered why it got this nickname, it actually tells you quite a bit about how the process works.
You opt to file for Chapter 13 bankruptcy. With your income, you know you can pay the debt off. You don't want to lose any of your assets. You just need more time to pay.
You're behind on your mortgage payments and you're facing foreclosure. You also have a lot of other debt from credit cards, personal loans and some medical bills.
If you are wallowing in debt, you are likely having trouble finding a way out of it. Debt can pile up quickly. This is an issue that millions of Americans face each year. Bankruptcy is the best option available for those who are swimming in debt with no end in site. As you prepare to consult with your attorney, be sure to ask the questions outlined in this post.
A couple previously convicted for fraud following a hurricane have filed for bankruptcy, according to a report. The couple hails from Jasper and had been convicted in 2017 for theft and fraud due to diverting hurricane relief money illegally.
Life after filing for bankruptcy does not have to come to a grinding halt. Bankruptcy is an excellent option for those who have fallen on hard times financially. It is not the end of the road for you financially. In fact, bankruptcy must be looked at as a rebirth for your finances. Once you exit bankruptcy, you can begin to build your credit and financial portfolio again.
Bankruptcy is not the end of the world. In fact, it is a new beginning for those who file. Whether you are filing for yourself or for your business, bankruptcy can change your life for the better. The word still carries with it a bit of a stigma but more and more people are opening up to what bankruptcy can do for those in financial trouble. Let's take a look at the effect bankruptcy has on your credit score in today's post.
Few things in life cause as much anxiety as notification that you are being audited by the Internal Revenue Service (IRS). There are certainly red flags that can trigger an audit, however, and some of those include: