Bankruptcy Fraud Frequently Asked Questions Bankruptcy can be denied for a variety of reasons and fraud is one of the most common. Any time the court suspects someone has attempted to hide assets or income or has not been 100 percent transparent regarding their financial situation, they can dismiss the case with accusations of fraud. […]
Chapter 13 Bankruptcy Payments Chapter 13 provides an opportunity to repair your situation life and get things back on track. It’s often referred to as “wage earners’ bankruptcy” because it’s only an option for those who have an income and can afford to make payments toward their debts. Instead of out-and-out discharging all of your […]
Ignoring Debt Is Not a Solution There are many problems in life that ignored will go away. Unfortunately, debt is not one of them. Ignoring your debt will cause your situation to get worse and the longer you hide from it the less likely it is to go away. So why do people think ignoring […]
A long time ago there was such a thing as debtors’ prison. Anyone who didn’t pay their bills could end up spending time behind bars. Today, the average person faces only financial repercussions for unpaid debts. These can be fairly extreme – wage garnishment, seizing of bank accounts, liens on property – but rarely does […]
Chances are if you’ve filed for bankruptcy in the last few weeks or months – maybe even years – it’s been awhile since you’ve felt good about your financial situation. Long-term stress over money can be difficult, and even the slightest good news can lift your spirits. Something like getting a raise in your wages, […]
Most people enter bankruptcy with a bit of skepticism and a decent amount of fear. They are scared of the unknown and not completely convinced this solution is really going to help them. After all, they’ve likely struggled for months or more with financial problems and the idea that deciding to file for bankruptcy is […]
A person’s golden years are supposed to be filled with recreation, relaxation, and time with loved ones. It’s the phase of life when you get to live out all of the dreams you had before you put them off to raise a family and build a career. Now, with grown children and full-time workdays behind […]
One of the most important things to understand before you decide to file for bankruptcy is that you have options. Even if your financial concerns are severe, you can still whether to choose file or to deal with your money troubles in another way. Continuing to ignore your problems and allowing them to get worse […]
If you’re considering bankruptcy, you’re sure to have many concerns. Most of these concerns are likely related to finances and how filing for bankruptcy will affect your life overall, but you should also consider how your online activity will play a role in your bankruptcy. First, it’s important to understand that bankruptcy is a legal […]
When you neglect to pay a debt that creditor has the legal right to file a lawsuit against you. It might seem drastic or intimidating, but it’s actually fairly common. Creditors often take legal action against consumers to collect on debts because they know that even the threat of a lawsuit can prompt a debtor […]
