The Meeting of Creditors: Who Will Show Up?
About a month after you file for Chapter 7 or Chapter 13 bankruptcy, you will need to go to the Meeting of Creditors. Your attendance at this meeting is mandatory. But who else will show up? The Meeting of Creditors Also known as the Section 341 hearing, the Meeting of Creditors allows a court-appointed trustee […]
Top Ten Movies About the Economic Crisis
Understanding how the economy got to where it is today is no easy task. What follows are the top ten movies about the economic crisis. Elizabeth Warren, Harvard Law Professor and whip-smart economic wonk, succinctly summarized the frightening state of our economy following the Great Recession: Tens of millions of once-secure middle class families now […]
Repairing Your Credit After Bankruptcy
If you are considering filing for bankruptcy protection, you have likely considered what effect it will have on your future finances. After all, bankruptcy is a matter of public record, and the bankruptcy will remain on your credit report for 10 years. In addition, your credit score will take a major hit when you file. Reality […]
Easing the Stress of Bankruptcy
If you find yourself in an unmanageable financial situation and don’t see any way out, bankruptcy may be a good solution for you. Bankruptcy can help you reduce or even eliminate your debts. Bankruptcy also provides potent protection against creditor collection efforts and harassment. And bankruptcy can reduce the stress in your life in many […]
The Top Ten Reasons For Bankruptcy
You have your own story, but so do we all. If you’re considering bankruptcy, you may feel isolated or uniquely afflicted. But you are not alone. In fact, certain recurring circumstances lead people to file bankruptcy. Here are the top ten reasons for bankruptcy. 1. Debt The primary goal of bankruptcy is to eliminate debt. In […]
What NOT To Do Before Filing Bankruptcy
Taking the wrong actions either before or during your bankruptcy can badly damage your chances of obtaining a favorable outcome. Understanding your rights and responsibilities can help assist you to minimize your risks. Consult with a bankruptcy lawyer to help you navigate the pitfalls commonly encountered by those seeking bankruptcy protection. Here is a DON’T […]
Can I Buy a Car While in Chapter 13 Bankruptcy?
You are in Chapter 13 bankruptcy and you need some wheels. It is possible to purchase a car while in an active Chapter 13 case, but you will need to go through a few extra steps than the average car buyer. Considering that Chapter 13 bankruptcy last three to five years, you may wonder: Can I […]
Payday Loans Are Rarely a Wise Credit Choice
Payday loans are bad news. Defaulting on any loan reflects negatively on a person’s ability to re-pay debt, but not all lenders report defaulting loans. Payday loans do. There are lots of negative consequences to defaulting on cash advance or payday loans. If at all possible, you should steer clear of payday loans to avoid headaches, fees, and […]
Get Advice From a Bankruptcy Lawyer
If your personal economy is in the tank, get advice from a bankruptcy lawyer. If you are unemployed or underemployed, it can be a struggle just to make ends meet. Sometimes it can feel like you’re treading water, or worse, like you’re sinking. You should consider filing bankruptcy. But first, get advice from a bankruptcy […]