Filing for bankruptcy is a major decision that can have significant consequences on your financial and personal life. While it may seem like the only option when facing overwhelming debt, there are important things you should know before making this choice. Here are five key points to consider: ...
Filing an income tax return after filing for bankruptcy does not have to be a problem, as long as you know what to watch out for, including when and how to file.
Personal injury damages caused when driving while impaired Government fines or penalties Can I lose my home if I file for bankruptcy? It depends. If you’re filing for chapter 7 and you’re current with your mortgage, you might be able to keep your home. If you’re not current in your...
The bankruptcy law allows an exemption for a limited amount of equity in your homestead, as well as a car, personal belongings, and business equipment. There is also a "wildcard" exemption in federal law that allows you to protect up to $1,150 in any asset, including cash in a bank a...
Bankruptcy can help you get a fresh start, but some types of debt are not alleviated when you file for bankruptcy. Several others are very difficult to get discharged.
For up to 10 years after you file, anyone requesting your credit report will be informed of the bankruptcy. This can have long-lasting effects on your ability to buy a car or home, obtain a credit card, or get a bank loan for your business. However, as bankruptcy has become more ...
Bankruptcy can discharge student loans, but only as a last resort. Before you file for bankruptcy, understand the process and explore alternative options.
Bankruptcy can offer significant relief from your debt problems, but it's certainly not the only option you have when you're overwhelmed by debt you can't pay off on your own. Rather than immediately resorting to bankruptcy, it could benefit you to take a step back and examine all of the...
Looking For A Way To Legally Wipe The Slate Clean Which BK filing is right for you? In order to determine which bankruptcy filing might be right for you, ask yourself these questions. Are you trying to get rid of your debts? Are you trying to save your home or other assests?
The number of brick and mortar businesses going under seems to be snowballing as a recent bankruptcy filing reveals at least 2 Wisconsin clothing stores will be closing. It wasn't that long ago when this clothing retailer carried the latest trendy fashions. Now, in a press release,Express Inc...