Helping With Your Financial Future
Many people dream of becoming small business owners. They may take out business loans, find investors, and launch their new company. Unfortunately, for many of them, that dream doesn’t last very long. Statistics show that about 20% of small businesses—one out of every...
Bankruptcy is one of those topics that most people who go through it or have gone through it in the past, are not eager to discuss. After all, the bankruptcy likely came at a point in the person's life where they felt they had nothing else to do but seek help from our...
There seems to be a stigma attached to filing for bankruptcy. Some people believe that bankruptcy is synonymous with poor money-management skills. Unfortunately, that stigma can keep many people from taking the necessary steps to regain control of their finances. ...
If you file for bankruptcy, one important step moving forward is to create a post-bankruptcy budget. You need to sit down and carefully consider your income and financial obligations. This budget helps pave the way for a positive financial future. To some degree,...
Individuals facing sudden financial hardship may decide to file for bankruptcy. A personal bankruptcy filing can delay or fully end collection activity. A successful bankruptcy can also result in the discharge of eligible debts, such as credit card balances and...
Undergoing a Chapter 11 bankruptcy is undeniably challenging, but it provides an opportunity to reorganize and rebuild your business. Contrary to popular belief, a business bankruptcy need not signal the end of the company you worked hard to build. With the right...
Filing for bankruptcy might feel like the end of your entrepreneurial journey, but it doesn't have to be. Many successful businesses have grown from the ashes of financial setbacks. While challenges exist, starting a business after bankruptcy can lead to economic...
Filing for bankruptcy can be a difficult decision, but an automatic stay provides critical relief for those overwhelmed by debt. Under U.S. bankruptcy law, an automatic stay temporarily halts creditors, collection agencies and even some government entities from...
Many people have overwhelming debt from medical bills, late fees, credit card debt, loans and interest. Bankruptcy is a legal process that helps thousands of Americans resolve burdensome financial obligations. People who file for Chapter 7 bankruptcy can often see...
If you declare Chapter 7 bankruptcy, you have to liquidate certain assets. There is a list of exemptions, but non-exempt assets may need to be liquidated so that the money can then be used to pay off a portion of what you owe. This likely will not cover the entire...