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…
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 are straightforward- for example, you owe $5500 on a Visa…
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…
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…
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,…
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 the money you already have. Smart financial management can make…
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 many American taxpayers. If you have found yourself in this…
When times are difficult financially, you may begin to feel a creeping fear that you will need to file for bankruptcy, either personally or for your business. It is important to understand that, while sometimes bankruptcy really is the best…
If you are already anxious about your personal financial situation because of incurred debt and the constant calls from debt collectors, your stress could be exacerbated by wage garnishment. This practice, which can (usually) only occur after a court has…
It’s a somewhat rare occurrence, but at times it does happen. What would you do if the bank froze your account after you filed for bankruptcy? Today we’re answering all of your questions about this undesirable possibility. Why would the…