filing for bankruptcy

The Scam of Debt Consolidation vs. Filing for Bankruptcy

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Debt does not discriminate.  People from all ethnicities, creeds, genders, financial statuses, and geographical locations find themselves in a financial crisis that renders them incapable of fulfilling their monetary obligations. There are choices for people who find themselves in debt trouble. Some people turn to debt consolidation companies while others make the decision to file […]

filing for bankruptcy

Chapter 7: The Road to Debt Elimination

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Chapter 7 refers to a chapter within the United States federal bankruptcy law that allows qualifying debtors to eliminate most kinds of unsecured debt. A Chapter 7 bankruptcy, also known as a “liquidation” bankruptcy, can eliminate most of your debts within a few months. As part of the process, you may also be required to […]

credit

Filing for Bankruptcy Can Improve Your Credit Score

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While no one sets out to file for bankruptcy, the simple matter is that sometimes you are faced with situations that make it difficult or impossible for you to pay your bills. Faced with insurmountable debt and the inability to make payments to your creditors, there is a very real chance that your credit report […]

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Think Twice Before Filing for Bankruptcy without an Attorney

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According to a 2011 study by the United States Bankruptcy Court for the Central District of California, 1 out of 9 people file for bankruptcy pro se, or without an attorney. The reasons people give for filing pro se range anywhere from believing they cannot afford an attorney to being misled about the necessity of needing […]