Helping With Your Financial Future
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...
There are many different reasons that people give for delaying a bankruptcy filing. Some people worry about the social stigma if their friends or coworkers find out about the bankruptcy. Many others worry about the long-term credit implications of a bankruptcy filing....
U.S. healthcare operates on an insurance basis. While this means that many procedures are covered, not all insurance policies are equal and many people do not have adequate coverage. Medical expenses are one of the leading causes of bankruptcy. When an individual is...
Filing for bankruptcy is a legal solution that offers individuals relief from overwhelming debt, but it’s not a process that can be repeated frequently without limitations. For California residents and those across the U.S., bankruptcy filings are governed by federal...
Financial struggles impact the whole family. Explaining a decision to file for bankruptcy to your kids in a way that’s both honest and reassuring is important. While it may be tempting to shield them from the realities of bankruptcy, children can often sense when...