Blog Posts in 2018

Which Forms Do I Need to Complete to File for Chapter 7 Bankruptcy?

By filing for Chapter 7 , debtors can liquidate their assets to pay off their creditors and eliminate any forgivable debts. However, this doesn’t necessarily mean that the overall legal process is simple or straightforward. There are countless forms that need to be accurately completed before your assets can be assessed and liquidated by the court. If you’re planning to file for bankruptcy, it’s ...

Which Bills Should I Pay First?

In 2016, the U.S. Census Bureau reported that the average median income was $59,039 per household. While popular media doesn’t openly publicize it, 16.2 million American families are currently struggling well below the federal poverty level, and many citizens are finding it difficult to pay their monthly bills. Prioritizing Your Debts & Expenses When your household is running on a limited budget, ...

The Consequences of Ignoring Your Creditors

No one intends to fall into debt, but, as the old idiom goes, “When it rains, it pours.” Sometimes, a person’s hand is played by fate, and unfortunate circumstances quickly rack up a daunting case of credit debt. In the span of a single year, a person can suffer unexpected medical expenses, unemployment, divorce, and a series of questionable financial decisions. But when debt starts to accumulate, ...

Can Bankruptcy Hurt My Chances of Enlisting in the Military?

Quite frankly, bankruptcy is usually a person’s last choice when it comes to debt relief. Even so, filing for Chapter 7 or Chapter 13 bankruptcy can help you pay off your creditors and effectively alleviate your debts. Despite various misconceptions, bankruptcy can be your second chance at financial stability. However, if bankruptcy is in your future, it’s important to commit with your eyes wide ...