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The Power of Debt Management Solutions: How They Can Help You Get out of Debt

Debt can be a heavy burden to carry, causing stress and affecting your financial stability. However, there are solutions available that can help you manage and ultimately eliminate your debt. Debt management solutions provide individuals with a structured plan to pay off their debts in a timely and efficient manner. Reduce Interest Rates One of the main benefits of debt management solutions is the potential to reduce interest rates on your debts.…

Navigating Foreclosure And Bankruptcy: Pros And Cons

What’s the difference between foreclosure and bankruptcy? If you’re bankrupt because of the cost of your home, will the two intersect? Can you declare bankruptcy and still face foreclosure — or is one ultimately the solution to the other? For a lot of people, the first step should be talking to a bankruptcy attorney. A bankruptcy lawyer can look at your unique financial situation and assess the right option for you; there’s no one-size-fits-all solution.…

How to Handle Bills Before and During Bankruptcy

If you are thinking about declaring chapter 7 bankruptcy, you probably know all too well how troublesome bill collectors can be. Once you fall behind, they can contact you constantly and harass you endlessly. Read on and find out more about handling bill collectors and your bills before and after you file. Before you File You can’t prevent bill collectors from contacting you until you have filed for bankruptcy. You can tell them that you have a lawyer and that you are about to file, however.…

Chapter 7 Bankruptcy Exemptions Explained

Exemptions can be one of those bankruptcy issues that seem confusing to many filers. One reason for the complexity is that no standard guidelines exist across the states. Your state has its own way of dealing with exemptions even though bankruptcy is a federal affair. To help lessen the confusion, read below for a simple guide to bankruptcy exemptions. Why Filers May Need Exemptions Chapter 7 has both good and not-so-good sides to it.…

Mistakes To Avoid When Filing Chapter 13 Bankruptcy

Chapter 13 bankruptcy allows you to make payments within a period of three to five years, and these payments are distributed to creditors. If there are assets you want to keep and you earn a significant income, Chapter 13 is suited for you. Here are some mistakes you should avoid when filing Chapter 13 bankruptcy. Violating Bankruptcy Disclosure Requirements Under Chapter 13 bankruptcy law, you’re required to disclose your financial situation in the bankruptcy paperwork before you can get any benefits of bankruptcy.…

Active Duty Military and Facing Bankruptcy? SCRA Can Help

It’s fairly common knowledge that members of the United States Armed Forces aren’t making a whole lot of money. Most of the active-duty service members worry about their finances. In fact, according to a study done in 2019, 9 out of 10 of them have financial worries and about 10% of them have debt in collections. However, active-duty military members are afforded protection by the federal government under the Servicemembers’ Civil Relief Act.…

How Can A Personal Injury Lawyer Help Your Case?

After an accident, you should concentrate on healing and getting your life back to normal. Unfortunately, you could start receiving calls, messages, and emails from police officers, insurance companies, and attorneys. It can be quite overwhelming for the average individual to begin pursuing their personal injury case amidst the chaos. The longer you wait, the dimmer it becomes. Luckily, personal injury lawyers are trained to help in such cases. Here are some ways your personal injury attorney will help you.…

What You Need To Know About Secured And Unsecured Debts In Bankruptcy

As a bankruptcy lawyer tries to help a client figure out how to file a case, a lot of the issue boils down to the types of debt involved. In American bankruptcy law, a debt is either secured or unsecured. It’s important to know what each one is and how that might influence your bankruptcy petition. Secured vs. Unsecured Debts When someone takes on obligations, there are two ways they can back up those obligations.…

5 Lesser Known Terms Associated With Bankruptcy

Anybody that needs to file for bankruptcy is more than likely familiar with the basic terms used in the legal process. However, there are a few that go beyond creditors and debtors that you need to be aware of.  Schedules Schedules are the documents used to file for bankruptcy at the beginning of a bankruptcy process, and they list all of your assets, debts, cash flow, exemptions, and things of that nature.…

Will Filing Bankruptcy Halt Child Support Arrearages?

If you fall behind on child support payments, you may have a difficult time filling your financial obligations to your child. Many desperate parents turn to bankruptcy, hoping it will halt child support arrearages, but child support is non-dischargeable, and you will still owe it at the end. However, here are two ways in which filing bankruptcy can help you manage your financial obligation to your kids. Bankruptcy Actually Makes It Easier to Pay…