Neil Hedtke

Neil Hedtke

Bankruptcy and Your Credit Score

bankruptcy and your credit score

No matter how dire their financial situation has become, too many people put off filing bankruptcy until the last possible minute. Debt collectors are calling and creditors are threatening lawsuits, but they resist until a wage garnishment or bank account…

Three Tips for Stopping Foreclosure

If you’ve ever been served with a foreclosure notice, you’re familiar with that pit-of-the-stomach feeling that accompanies it. If you’re not already in the know, foreclosure is the legal process in which your lender repossesses your house because you’ve failed…

What Does “Fresh Start” Mean in Bankruptcy?

fresh start mean in bankruptcy

In the 1934 case Local Loan Co. vs. Hunt, the United States Supreme Court stated that the bankruptcy process was intended to give honest but overwhelmed debtors a “new opportunity in life and a clear field for future effort, unhampered…

Automatic Stays Simplified

When going through the bankruptcy process there are many things that you need to be aware of. For most people, one of the most important is the automatic stay that gets put in place. An automatic stay is a key…

What You Need to Know About the Means Test

bankruptcy means test

Individuals who intend to file for bankruptcy have two options: a Chapter 7 filing or a Chapter 13 filing. Both of these types of bankruptcy aim to discharge your eligible debts in order to bring you financial freedom and peace,…