Choosing Better Financial Practices

Why Would Someone File Chapter 13 Instead Of Chapter 7?

If you compare Chapter 7 bankruptcy to Chapter 13, you might instantly assume that Chapter 7 is the best option, as it offers a way to totally eliminate credit card debts. While Chapter 7 is beneficial in many situations, it is not always the best option, nor is it always even an option people could use. Here are some of the top reasons people file Chapter 13 instead of Chapter 7, and this will help you understand why Chapter 7 is not always the best choice.   Read More...

Should You File For Bankruptcy?

Bankruptcy is a way to relieve yourself of your debts when you aren't able to pay them back. Not being able to pay your debts can happen for a number of reasons. A divorce, unexpected medical costs, or even a job loss can all contribute to the cause of not being able to pay back your debts. Filing for bankruptcy may or may not be for you. Read on for further information regarding bankruptcy to see if it is right for you.   Read More...

The Power Of The Bankruptcy Automatic Stay

The need to file for a chapter 7 bankruptcy is often born of desperation. Whether it's poor financial decisions or an unexpectedly large emergency expense, the need to get relief from bill collectors and the threat of property loss can compel your decision to file for bankruptcy. While your bankruptcy can take several months to be final, one of the most powerful benefits of filing can become active the moment your bankruptcy petition is filed in Federal court.   Read More...

Try These Things To Repair Your Financial Situation Before You Seek A Chapter 7 Bankruptcy

Being in the midst of what seems like endless financial crises in your life can be an enormous weight to bear. You may not see any way out of the financial problems you're having right now and want to file a chapter 7 bankruptcy. However, before starting down that path, there may be other choices out there for you. Try these ideas before moving forward with a bankruptcy. Call Creditors   Read More...

Is Bankruptcy An Option For Saving Your Business?

The option to file for bankruptcy is not limited to just individuals. If your small business is in financial trouble, you might be able to use bankruptcy to help settle some or all your debts and possibly save your business. If you are considering filing, here is what you need to know. Can Bankruptcy Save Your Business? If you file for Chapter 13, there is a good chance that you will be able to keep your business operational.   Read More...