Bankruptcy is defined as legal situation in which a debtor cannot fulfill their monetary obligations. Debtor bankruptcy is when the person who owes the money files for it. There are six types of debtor bankruptcy, but the two most common are Chapter 7 and Chapter 13. Chapter 11 bankruptcy is for businesses
Speaking To A Bankruptcy Attorney Can Free You From Debt
If you are affected by wage garnishment, foreclosure, repossession or debt collection harassment, speaking to a bankruptcy attorney can free you from debt. Bankruptcy attorneys cannot only give you helpful information about bankruptcy but they can be helpful in assisting you with financial planning to regain control over your debts. Bankruptcy is not always the best-suited answer for debt crisis. Credit counseling, payment plans through your creditor or expense reduction can …
Prevent Bankruptcy By Seeking Help Through A Non-profit Debt Counselor
For many Americans, it is believed that the people who file bankruptcy are irresponsible with money, which all filers are living outside of their means and flat out refuse to make bill payments. While there are unfortunate cases in which these instances have been found to be true, the majority of Bankruptcy causes are uncontrollable. There are seven main factors that can lead to a person filing bankruptcy.
Finding The Right Bankruptcy Alternatives For Your Needs
No one wants to go into bankruptcy. This is something that might be at the forefront of your worst nightmares. It will go on your record for a long time, and you might find that it will haunt you for long after you have gotten yourself back on track. So, if you are considering taking drastic action, you should first explore some of the bankruptcy alternatives that you might have.
Buying Into Financial Woes
Over two million consumers filed for bankruptcy last year. Before you decide that you need to file for bankruptcy, as a consumer you should do the research and find out exactly what it is and whether you are truly in need of it. There is a difference between consumer bankruptcies and municipal bankruptcies. Consumer bankruptcy is the most common since it involves things such as credit card debt, medical bills and car loans. One of the few things not covered by bankruptcy, no …