Category Archives: Bankruptcy
Is Employment Discrimination Based On Bankruptcy Legal?
Bankruptcy is structured to provide financial relief and a fresh start. And while no one actively seeks to end up in debilitating debt, it is nice to know that the law regarding bankruptcy provides many people with a legal and viable option for finding a way out of it if it happens. You may… Read More »
Preparing For Chapter 7 Bankruptcy
Chapter 7 bankruptcy can be an excellent way to wipe out debt and move toward financial stability. However, the potential benefits don’t make this any less of a daunting process, a statement that can be true no matter how many people have found themselves in a similar position. In 2019 alone for example, almost… Read More »
Tips For Finding Rental Housing Options During The Bankruptcy Process
According to recent statistics published by the American Bankruptcy Institute, weekly hotel occupancy rates are continuing to climb across the country based on a four week moving average. This statistic is likely one of the consequences of the fact that many moratoriums that had been protecting people from being kicked out of their homes… Read More »
Obtaining A Credit Card After Bankruptcy
Even when you have realized that bankruptcy is your best option in lieu of your financial situation, you may sometimes find it difficult to see the positive side of the situation while the process is ongoing. Despite the fact that Florida is one of the states with the highest number of annual bankruptcies, it… Read More »
Understanding The Automatic Stay
The choice to file for bankruptcy is not one that is ever made lightly. Those who pursue this route are typically suffering from excessive debt that was incurred for reasons they would not have chosen. A clear example of this is the fact that the leading reason why people file for bankruptcy is medical… Read More »
Tips For Paying For Bankruptcy When You’re Financially Strapped
Many people who ponder filing for bankruptcy are not only trapped under overwhelming debt but are also struggling financially in general. For example, the 2017 Report of Statistics published in conjunction with the Bankruptcy Abuse Prevention and Consumer Protection Act indicated that while the median average monthly income reported by all debtors who filed… Read More »
How Does Your Bankruptcy Affect Your Spouse?
Getting married means combining many aspects of your life with another person. In addition to combining your assets, marriage can also mean sharing debt obligations. Unfortunately, financial problems don’t cease with marriage which can lead to the consideration of filing for bankruptcy. Approximately 64 percent of borrowers who file for bankruptcy do so while… Read More »
How Long Will My Bankruptcy Take?
No one wants to end up in significant debt. When it happens, the temptation is unfortunately there to shift the blame in your own direction despite the reality that debt problems typically come from issues outside of your control. To put that in perspective, health care is the primary cause of bankruptcy filings. Instead… Read More »
Three Pandemic Scenarios That Might Make Bankruptcy Your Best Option Now
Struggling financially doesn’t mean you are an unethical person or make poor financial decisions. Most of us hit a rough financial patch from time to time and there’s never been a more legitimate reason to have hit one than the experiences many of us have gone through over the last year or so due… Read More »
Can I Pay Back My Loved Ones Before I File Bankruptcy?
As bills rise and wages fail to keep up, it is understandable if you decide to turn to friends and family for help in an attempt to make ends meet. In many cases, loved ones are willing to offer financial support when they see you struggling to overcome challenges and that the funds are… Read More »