5 Reasons Bankruptcy Doesn’t Ruin Your Credit

12 July 2021
 Categories: , Blog

One of the main reasons many struggling borrowers put off or discount the idea of bankruptcy is that it will damage their credit score. And while this is certainly true on some level, the damage may not be as bad as you think it will be. Why? Here are five of the most important reasons bankruptcy is unlikely to ruin your credit score.  1. Your Score May Already Be Bad Read More 

Three Reasons A Chapter 13 Bankruptcy Is Preferable To Other Debt Repayment Options

10 January 2020
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A Chapter 13 bankruptcy is a special form of bankruptcy for an individual. Unlike the common perception of bankruptcies, in which your debts are discharged and you begin with a fresh start, this type of bankruptcy is reserved for people who have more money going out than coming in and limited assets to liquidate. A Chapter 13 bankruptcy is often best for someone who is barely meeting their monthly commitment or is just now falling behind. Read More 

3 Major Reasons To Hire A Personal Injury Lawyer Instead Of Representing Yourself

22 October 2019
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Have you recently been injured by something that was the fault of someone else? Are you finding it hard to go back to work but the insurance company is refusing to compensate you for your losses? Unfortunately, there are times when filing an insurance claim simply isn't enough to get the money that you need and deserve; sometimes you have to file an actual lawsuit for this to work. While you are technically legally able to file a lawsuit on your own behalf, it's really a better idea to hire a personal injury lawyer to take care of things for you. Read More 

Life After Chapter 7 Bankruptcy: 4 Things To Expect

9 May 2019
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If you are still trying to decide if you should go through with Chapter 7 bankruptcy, it is important not only to view how it will help your financial state but also to see how it will affect your life afterward. Here are four things you should expect after filing for Chapter 7 bankruptcy. Creditor harassment will end People who file bankruptcy often do so because they have major amounts of debt they cannot pay and their creditors are on their backs trying to collect this money. Read More 

How Are Luxury Purchases Defined By Bankruptcy Court?

5 January 2017
 Categories: , Blog

When you file for bankruptcy, certain things automatically become ineligible for discharge, one of which is debt over $675 that was incurred 90 days before filing bankruptcy to purchase luxury items. The problem is the bankruptcy court only defines luxury items as anything that's not necessary for your (or your family's) survival, support, or maintenance, which can leave a lot up to interpretation. Here's how to tell if a recent purchase you made may be exempt from the bankruptcy discharge. Read More