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,…
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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…
The Difference Between Contingent, Unliquidated, and Disputed Claims
When you file bankruptcy, you need to list all of your debts so that you can be discharged from them once your case is complete. While some of these obligations…
What Does “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…
Four Steps to Take if You Want to Avoid Bankruptcy
Although “bankruptcy” is a scary word to many people, it is nothing to be afraid of or ashamed about. This is a legally valid tool for those in a great…
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…
What You Need to Know About the 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…
Financial Management for Small Businesses: Four Healthy Money Habits
Increasing your bottom line isn’t always about raising prices or bringing in new clients. A big part of a small business’s financial health that often gets overlooked is wisely managing…
How to Get Back into the System After Failure-to-File
Failing to file your tax returns is a serious (intentional or inadvertent) oversight that will assuredly get you attention from the IRS. However, failure-to-file is not an uncommon issue for…