By Steven Combs | Published November 25, 2014 | Posted in Bankruptcy | Tagged Tags: bankruptcy | Leave a comment
When a business fails and needs to shut down, it might be necessary for the owner to file for bankruptcy. This decision may depend on the company’s current assets, the willingness of creditors to work with you and whether you have the time or ability to oversee the bankruptcy process. Either the business owner or Read More
Read MoreFiling for Chapter 7 bankruptcy may feel like an end, but it’s intended to be a beginning. Although it may take time, there are many ways for you to begin rebuilding your credit to once again find financial freedom. Although people who file for bankruptcy tend to take an average of 10 to 15 years Read More
Read MoreFiling for Chapter 13 bankruptcy is stressful enough without having to worry about your vehicle getting repossessed. Fortunately, Chapter 13 protects you from collection efforts in most cases, with a prohibition called automatic stay. No repossession at the time of filing If a lender has not yet repossessed your vehicle before you file for bankruptcy Read More
Read MoreMaking the decision to file for bankruptcy is difficult. If you have worked through other options and obtained an experienced legal opinion, bankruptcy is a good choice for getting a fresh financial start. Once they file, many bankruptcy petitioners wonder what comes next. As soon as your bankruptcy petition and schedules are filed, you benefit Read More
Read MoreWith job loss, reductions in work hours and other pitfalls associated with the Great Recession, many Americans find themselves saddled with debt with no clear way out. If you are struggling with debt, what do you need to know? The stigma of bankruptcy has eased in recent years. Corporations and consumers alike have made use Read More
Read MoreFive years after the recession was declared, families and individuals in Florida and throughout the U.S. still find themselves mired in debt. Whether through the poor housing market, job loss, divorce, illness or mounting credit card bills, many turn to bankruptcy as the last, best chance for starting over. Many are also surprised that they Read More
Read MoreWe talked earlier about filing for Chapter 7 bankruptcy. As a liquidation bankruptcy, any non-exempt assets you own can be sold to satisfy creditors during a Chapter 7 bankruptcy. Losing assets or a home is a primary concern of consumers filing bankruptcy. A Chapter 13 bankruptcy allows you to keep all or some of your Read More
Read MoreWe talked in an earlier blog about debt collection and what to do if you are being harassed by creditors. If your financial situation cannot be remedied by measures like a consolidation loan, debt counseling or working with creditors to renegotiate debt, bankruptcy may be an option to consider. An important feature of any bankruptcy Read More
Read MoreOur firm works with consumers struggling to regain financial balance. When an individual or family falls behind on paying bills, late notices arrive in the mail and your phone starts to ring — repeatedly. The law protects consumers from unfair debt collection practices. Understanding your right to stop harassment from collectors is important. The Fair Read More
Read MoreIn recent years, the recession has stressed the financial condition of consumers of all economic backgrounds, when jobs have disappeared, businesses have gone under and bills have gone unpaid. Those looking for debt relief in the past five years have had plenty of company. For some, the hard times are not yet over. If you Read More
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