Another consideration is the cost of filing for bankruptcy. Filing typically costs a couple of hundred dollars, but hiring an attorney to represent you and protect your interests could cost a great deal more. Although individuals can act on their own behalf without an attorney, by going it alon...
If you’re at risk of losing your prized asset, then filing for bankruptcy might be the best way to keep it in your hands. Under a Chapter 13 bankruptcy, you’ll have the opportunity to work out a new payment plan with your lenders, meaning you’ll be able to keep the house, even ...
Once you’ve decided that filing for bankruptcy is the best option for you, you should immediately stop borrowing money and using your credit cards. The reason why you should do this is that borrowing money or using credit cards after you have made the decision to enter bankruptcy protection ...
Bankruptcy is a great way to help you free yourself from the shackles of your debt, however, it may not be thebest optionfor you. You may be eligible for bankruptcy if you are overwhelmed with debt and can, unfortunately, not see a light at the end of the tunnel; if you have hardly...
Bankruptcy isnot an easy fix for being in debt. It can result in your losing a great deal of your personal assets to repay what you owe, as well as negatively affecting your credit score for up to a decade. In some cases, though, it may be the best or only option you have for pa...
Going at it alone "is strongly advised against," says Chami. "Even if bankruptcy is the right or necessary choice for a consumer given their circumstances, it is a serious option with long-lasting and significant legal, financial and tax consequences and requires a lot of documents, filings ...
Exploring Bankruptcy Options When it comes to filing bankruptcy on credit card debt, there are two primary bankruptcy options available for individuals: Chapter 7 and Chapter 13 bankruptcy. Each option has its own set of advantages and considerations, and understanding the differences between the two...
How to File for Your Own Personal Bankruptcy: Everything You Need to Know Explained Easily Without an Attorney (with Companion CD-ROM)companion cd
Once it is decided that there is no other option but to file for bankruptcy, consult an online help or find a bankruptcy attorney to determine what bankruptcy is best suited for an individual’s or a business’ situation. Bankruptcies available for businesses and individuals are provided under ...
Bankruptcy judges and other court employees are prohibited from offering legal advice, as are services that prepare bankruptcy petitions for a fee. One option for reining in how much it costs to file for bankruptcy is seeking a pro bono attorney who’ll forgo fees as a public service. There...