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A Look At Things That Can Prevent Filing Chapter 7 Bankruptcy

In a lot of aspects, chapter 7 is the preferred way for common consumers to file bankruptcy. You pretty much get a fresh start because your debts are discharged, which means you get the opportunity to get out of the debt you are in and move on with the rest of your life. Even though chapter 7 bankruptcy may be one of the more common types of bankruptcy filed in the United States, it is also not fitting for every situation.


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.


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.


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.


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


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.


FAQ About Suing After a Dog Attack

Has your child been staying inside the house after a traumatic experience with a dog attack? If you are now in a financial bind because of the injuries your child incurred from the attack, it is wise to seek assistance from a personal-injury lawyer. Take a look at this article to find information about some of the concerns you might have about filing a lawsuit. Who Can Be Sued for the Dog Attack?


2 Effects Foreclosure Can Have On Your Finances

Losing a home to foreclosure is never a good situation to be in. Not only does foreclosure cause you to have to move out and lose the place you have been living, but it can also have devastating effects on your finances. You may think that once your lender foreclosures, you will be completely free from the debt tied to this house. Unfortunately, though, this is not always the case. Here are two effects foreclosure can have that you should be aware of.


When Once Is Not Enough: How Often Can You File For Bankruptcy?

For those with a bankruptcy in their past, new financial difficulties may have you wondering if you can file for bankruptcy again. The law generally allows people to file bankruptcy as many times as needed, but there are some time limitations to be aware of. Read on to learn more about how often you can file for bankruptcy. Type of Bankruptcy Filing Your most recent bankruptcy filing should be considered for the type: either chapter 7 or chapter 13.


Dealing With The Financial Fall Out Of Divorce

Divorce can be a painful time for a family. Not only can emotions run high, the cost of divorcing can too. Lawyer’s fees, court fees, moving expenses, and other costs associated with divorce can make either party’s financial position precarious. The financial burden of divorcing can be difficult to deal with. However, there are a few ways to lessen the financial blow of divorce. Here are three things that can be done in order to ensure more financial stability during the divorce process.


2 Ways To Improve Your Financial Situation And Get Out Of Debt

Do you owe money to different creditors? If the debt you owe is starting to get out of control and you cannot seem to make all of the necessary payments each month, you may want to know how you can get out of debt faster with the least amount of stress possible. There are a few options that could help you with your goal of reaching financial freedom. 1. Downsize to Earn and Save Cash


Chapter 13 Repayment Plan: A Creditor's Objection

A Chapter 13 bankruptcy has several requirements that must be met. One of those is that you and your attorney must submit a repayment plan that details how your debts will be paid. In most instances, creditors are willing to accept payments according to the repayment plan. However, some creditors do object. Before filing, here is what you need to know about creditors’ objections. Why Would a Creditor Object? There are several possible reasons that a creditor could have for objecting to your Chapter 13 filing.


3 Signs You Are In Debt Over Your Head

As much as you try to pay all of your bills on time, things can happen in life that cause you to stray from your plan. Whether it be that you lost a job, took a pay cut, got your hours cut or something else, it can often be difficult to keep your finances on track in the way you had hoped. Wondering if it’s time for you to turn to someone for help?