Mistakes People Make Before Calling a Bankruptcy Lawyer
Many people find it difficult to take the first step when facing debts they can’t pay. There is nothing wrong with being confused or uncertain. Dealing with collections calls and bills you cannot pay is a hassle. However, you can act to protect yourself so you don’t accidentally end up making your financial situation worse. […]
Why You Should Always Fight a Credit Card Lawsuit
When you are sued for an unpaid debt, usually it is not the original creditor who is filing the action against you. Instead, the creditor has likely sold the debt to a collector for pennies on the dollar. Debt collectors file hundreds or even thousands of lawsuits on a monthly basis with the hope that […]
Chapter 13 Bankruptcy: How Much Does it Cost?
Chapter 7 is a quick and easy way of discharging your debt. But Chapter 7 doesn’t solve secured creditor problems and is unavailable to higher income debtors. You will want to use a Chapter 13 bankruptcy to restructure your debt if Chapter 7 won’t work for you. If you’re considering filing Chapter 13 Bankruptcy in […]
How to Stop a Foreclosure in Alexandria Virginia
When you fall behind on your house payments, the mortgage lender will move forward with foreclosure. In Arlington and Alexandria in Virginia, your lender will take all of the necessary steps to seize and sell your home in order to repay the debt balance that you owe. Once the foreclosure process starts, it can be […]
Chapter 7 Bankruptcy: How Much Does it Cost?
So how much does bankruptcy cost? When you seek bankruptcy protection under chapter 7 in Washington, DC, you are obviously in debt trouble. Not only that, but chapter 7 is also means tested, which means that you must have low-income by definition. Unfortunately, despite the fact that you are already facing serious financial problems, there […]
Business Bankruptcy: Personal Assets in a Chapter 7 Liquidation
If your business has significant debt, bankruptcy may be the solution. Businesses can file for bankruptcy protection under both Chapter 7 and Chapter 11 of the Bankruptcy Code. Both provide effective but very different protections from creditors. In some cases, business bankruptcy can involve the personal assets in a Chapter 7 liquidation. You may want […]
Grandparents or Parents Cosigning for Kids
Parents and grandparents want to do everything possible to have younger family members succeed in life. In many cases, this means helping them financially. Sometimes, however, you can get yourself into personal financial trouble by cosigning for kids on loans. The risks associated with cosigning can be high. So be sure that you have a […]