Vital Tips For Those Considering Bankruptcy – A Word Of Caution

tips for bankruptcy
Business owners and consumers who face mounting debt might think of filing bankruptcy in order to give a fresh new start to their lives. However, both the credit counselors and the bankruptcy experts recommend getting advice before filing this debt relief option. At first, you need to explore some of the opportunities to resolve your debt problems other than options like bankruptcy. Remember that bankruptcy...

Demystifying The Student Loan Bankruptcy Myth – Throwing Light On The Facts

student loan bankruptcy
The age old belief that student loans can’t be discharged through bankruptcy is one that makes us cringe every time we see it. More and more parents and students are worried about their surging student loan bills as they fear to think about the consequences. Every one is of the opinion that unlike credit card debt or payday loan debt, student loan debt can’t be discharged through bankruptcy and...

What Happens When You File For Chapter 13 Bankruptcy?

If you currently have more debts than you can pay off, and are unable to find another solution (for example debt consolidation), then you may have to file for bankruptcy. Filing for bankruptcy as an individual, means you will have to meet the terms for one of the available types of bankruptcy for someone in your situation. For the majority of people this will be either chapter 7 or chapter 13.

Doctors Bankruptcy Filings Increase

Doctors have been forced into bankruptcy at higher rates. According to the Public Broadcasting Station, “Half of the primary care doctors in the U.S. are at some financial risk for the care they give.” They are not filing for bankruptcy due to malpractice lawsuits. Simply put, a doctor’s office is a small business. If the business is not operating properly, it will fail. Managing and operating...

Bankruptcy And Bank Accounts: The Facts

If you are unable to manage your debts you may be forced to declare yourself bankrupt in order to escape a vicious cycle of increasing charges, fees and fines with no means of repaying what you owe. Bankruptcy usually lasts for a period of 12 months and is undoubtedly a difficult time but at the end, you have the peace of mind of knowing you can make a fresh financial start.