On behalf of Christopher Todd Morrison, P.C. | Jul 23, 2020 | 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...
On behalf of Christopher Todd Morrison, P.C. | Jul 21, 2020 | Bankruptcy
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...
On behalf of Christopher Todd Morrison, P.C. | Jul 13, 2020 | 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...
On behalf of Christopher Todd Morrison, P.C. | Jun 26, 2020 | Bankruptcy
When you file bankruptcy, you get automatic protection under the law from creditors taking further actions against you. According to Cornell Law School, the automatic stay is a court order that prevents your creditors from continuing to take collection actions. It is...
On behalf of Christopher Todd Morrison, P.C. | Jun 22, 2020 | Bankruptcy
No one wants to file bankruptcy. Yet, if you find yourself in dire financial straits, you may have no other choice but to do so. This process can be stressful, because you could face the prospect of parting with valuable assets. But this is often not the case in...
On behalf of Christopher Todd Morrison, P.C. | Jun 18, 2020 | Bankruptcy
Myths about filing a bankruptcy petition include losing your chances of having good credit again. While a bankruptcy stays on your record for up to 10 years, you may begin rebuilding credit after a discharge of your consumer debts. Financial institutions use...
On behalf of Christopher Todd Morrison, P.C. | Jun 15, 2020 | Bankruptcy
If you feel swallowed up in mounting debt, then the protection offered by personal bankruptcy may bring you welcome relief from the pressure put on you by creditors. However, as many of those working with our team here at Christopher Todd Morrison, P.C. can attest to,...
On behalf of Christopher Todd Morrison, P.C. | Jun 9, 2020 | Bankruptcy
Discharging debt through a Chapter 7 bankruptcy is one way to find relief. However, what if your spouse does not have the same liability? Do you both have to file? The law does not require spouses to file bankruptcy. When only one file, it may prove problematic for...
On behalf of Christopher Todd Morrison, P.C. | Jun 5, 2020 | Bankruptcy
Because bankruptcy carries a stigma in the minds of many people, some people try to resolve their mounting debt in other ways, such as hiring a debt settlement company to reduce or eliminate their debt. However, going with a debt settlement company carries some risk...
On behalf of Christopher Todd Morrison, P.C. | May 6, 2020 | Bankruptcy
When you fall behind on your mortgage or even receive a foreclosure notice, you have options. Some homeowners successfully request a mortgage modification. Others reorganize their debt and make a plan to keep their home by filing for bankruptcy. Learn more about how...
