Because more people are having trouble paying their bills, debt collectors have become more aggressive with their tactics. Read all about it in this USA Today article: More Complaints Lobbed at Debt Collectors. If you are being hounded by a Debt Collector, you should know your rights. Many consumers pay money to debt collectors under…
Bankruptcy FAQ – Do successful people file bankruptcy? Yes! The whole point of bankruptcy is to help people recover from difficulty and find financial success. Many famous people have suffered economic setbacks and have had to file for bankruptcy protection either personally or for their business. The list of such individuals is very long and…
Property that you can keep and protect from your creditors when you file Chapter 7 bankruptcy is called “exempt” property. The basic purpose of bankruptcy is to allow a person who is overwhelmed with debt to free himself of that burden. The law allows you to keep property to help you achieve a fresh start.…
It is your choice, not your attorney’s choice, which type of bankruptcy to file. There are advantages and disadvantages to each which your attorney can go over with you. It depends on what you want to accomplish. Here are some things to consider when making your decision: Chapter 7 Bankruptcy gives you a second chance…