Chapter 13 bankruptcy is unique because it allows you a chance to repay your debts and avoid losing your assets to liquidation. However, this option is not for everyone because there are a few requirements you must meet. According to The Street, the most important...
Month: July 2020
Will I lose my home if I file bankruptcy?
Declaring bankruptcy can be a very stressful time. It is likely that you have multiple financial concerns weighing on you, and you may be afraid of losing your assets during the bankruptcy process. However, whether or not you will lose your home if you file bankruptcy...
How do you plan on keeping your debt under control?
While you accepted that filing for bankruptcy is the most favorable option for your finances and future, that does not mean you addressed the circumstances that led you to file in the first place. Without changing your relationship with money, you may file for...
Signs that you could benefit from bankruptcy
While bankruptcy has a negative reputation, filing can actually be a positive step for someone struggling to repay debt. By doing so, you can stop the creditor calls and begin rebuilding your finances. These five signs indicate that you could potentially benefit...
What is reaffirmation?
When filing a Chapter 7 bankruptcy, you run the risk of losing assets, especially those you do not currently outright own. It is common for someone filing bankruptcy to have a car loan, for example. If you have a car loan but you wish to keep the vehicle, then you may...