Bankruptcy is often viewed in a negative light. It’s seen as some sort of failure after reckless spending. Nonetheless, this couldn’t be further from the truth. Most people get into financial hardship through no fault of their own. Things such as medical bills and job...
Helping With Your Financial Future
Year: 2023
Why a job loss or layoff could quickly lead to bankruptcy
People often think that bankruptcy only occurs when people are irresponsible. It is quite common for people to associate bankruptcy filings with gambling or compulsive shopping habits. However, most bankruptcy filers end up struggling financially through no fault of...
Life after bankruptcy: You may face an onslaught of temptation
Filing for a Chapter 7 bankruptcy can be a daunting yet liberating experience. It offers the promise of a fresh start, a chance to shed the burden of overwhelming debt and rebuild your financial life. However, the journey to financial recovery is not always smooth....
Embracing a fresh start: Preparing for life post-bankruptcy
The prospects of facing life after filing for bankruptcy might feel overwhelming, but it's the perfect chance to hit reset on your financial journey. Rather than sink in despair, taking practical steps and adopting a resilient mindset can lead to a brighter financial...
What does subchapter 5 of chapter 11 mean for California businesses?
California business owners can file Chapter 7 or Chapter 11 bankruptcy. Chapter 7 is for businesses that are unable to recover from their financial problems and need to close up shop. Chapter 11 is for operations that can remain in business if their creditors allow...
Filing for bankruptcy after divorce
The social stigma that some people attach to filing for bankruptcy may make you feel like a failure if you end up declaring personal bankruptcy following your divorce. However, if your debts have gotten out of control, filing for bankruptcy may be the fresh start you...
Considering bankruptcy? Avoid these 5 common mistakes
Bankruptcy is a legal process that can give you a fresh financial start when overwhelmed by debt. It can be an invaluable tool for managing financial distress, but it’s essential to navigate the bankruptcy process carefully. Mistakes are commonplace before, during and...
Why people should not feel hesitant about considering bankruptcy
In some cases, people are a bit hesitant to consider filing for bankruptcy to restructure and/or get rid of their debt. They may feel a sense of embarrassment or even shame. They may see their overwhelming debt as a sort of failure, and they may even think that...
2 steps you can take to make filing bankruptcy easier
Bankruptcy can be a welcome relief when you are caught up in debt. And if you get it right, personal bankruptcy can allow you to discharge or restructure and repay your debts. But bankruptcy can be a confusing and scary process, to say the least. Fortunately, you can...
Is Chapter 7 or Chapter 11 right for your business?
Times are tough, and a lot of small or medium-sized businesses find themselves facing an uncertain financial future. When that happens, it's only natural to think about the potential options, including bankruptcy. Chapter 7 and Chapter 11 are two different chapters of...