Bankruptcy Law Blog

Filing for bankruptcy is not always an easy path, but it is essential to avoid inevitable common mistakes that many individuals have made in the past. Mistake #1: Waiting too long to file One of the main mistakes debtors make is waiting too long to speak with a bankruptcy attorney, opening their financial insolvency to…

Step 1: Filing the Bankruptcy Petition: You must file a petition with the court. This is a legal document that says you want to file for bankruptcy. You will need to provide information about your address, prior bankruptcies, and type of bankruptcy that you are filing. Be sure to have records and any documents organized…

News has been circulating that student loan debt may soon be next for financial relief for struggling Americans. The appropriate method for providing student loan debt relief has been a focus of controversy for quite some time; but, has recently sparked the conversation again as millions face financial hardship in recent months. This has many…

For many Americans, finances are tight and the unknown of the coming months is frightening. Many families are facing not only financial hardship, but are also at risk of eviction and bankruptcy from high medical expenses and limited income. Fortunately, there are some options to eliminate medical debt. Bankruptcy Options In a Chapter 7 bankruptcy,…

Getting a loan after bankruptcy is not impossible. It is in fact quite possible to get a loan after a bankruptcy. However, the borrower must understand that it is not going to be easy. It is not going to be simple because lending institutions are still very wary of giving loans to people who have…

Getting behind on your house payments can happen to the best of us. Whether job loss, medical costs, or other life stressors have led you down a road to mortgage debt; there are solutions that can resolve your problems with mortgage debt. Foreclosure Or Bankruptcy? There are two general types of foreclosures — judicial and…

Many people find being an independent contractor to be a preferred method of doing business. One of the reasons people enjoy contract work is because they can set their own hours and work from home. Many people have a spouse who works full time and the couple finds it convenient to work from home. Contractors…

One big reason why freelancers don’t want to get paid as a 1099 independent contractor is that they are responsible for paying their own taxes. When you get paid as an employee, you don’t have to do much paperwork. But if you are a 1099 independent contractor, you probably have to pay quarterly taxes. However,…

Having debt is not always a bad thing. In fact, a high credit score is often the result of debt. However, debt can quickly go from helping your credit profile to hurting it when debt begins to outweigh income. Further, the type of debt you carry may have a significant impact on your credit profile.…

Each year millions of people experience overwhelming debt. Financial hardship can strike at anytime, leaving a bad debt situation worse. For many people, harassing debt collections and the fear of losing assets may be a further risk. One option for securing debt relief is through bankruptcy. Although the path to debt relief through bankruptcy is…