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bankruptcy questions

What Are The Top Reasons For Bankruptcy Filings?

Bankruptcy isn’t something most people expect to deal with in their lives. However, about 770,000 people in the U.S. file for bankruptcy every year. The reasons range from unexpected problems from health issues to excessive spending, but the result is a huge pile of debt that’s almost impossible to surmount without the help of bankruptcy. … Read More

filing for bankruptcy

[Video] Do I Really Need to File for Bankruptcy?

  Are you wondering if bankruptcy could be a good idea for you? Maybe you’re curious about whether it will be worth it and whether it will really improve your financial outlook. These are common concerns. Sometimes people hesitate before filing because they’re not sure about how a bankruptcy filing can help them. Doing nothing … Read More

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What’s the Best Way to File for Bankruptcy?

It is estimated that in the United States, about 770,000 people file for bankruptcy every year. Filing for bankruptcy involves completing official government forms and following a specific process. You’ll need to familiarize yourself with federal bankruptcy laws as well as your state’s specific rules, including important exemptions that could protect your property and belongings. … Read More

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Can I File for Bankruptcy If I Have a Reverse Mortgage?

A reverse mortgage allows people who are over age 62 to use the equity in their homes as cash to cover living expenses – including the mortgage payment itself. It’s called “reverse” because the lender makes payments to the borrower, rather than the other way around. Eventually, when the home is sold, the lender gets … Read More

creditors

Can a Creditor Bring Involuntary Bankruptcy Against Me?

When a creditor wants to get paid, they sometimes resort to serious measures – including bringing an involuntary bankruptcy against someone who owes them money. If you’re the debtor, this creates a frustrating situation, one you probably didn’t expect. Suddenly, you find yourself dealing with a bankruptcy you did not initiate yourself. Is it possible … Read More

hospital bill bankruptcy

I Have a Huge Medical Bill. Can Filing for Bankruptcy Help?

According to the National Bankruptcy Forum, 60% of insured Americans would have to use all of their savings to pay off a huge medical bill. For those who don’t have much savings or another way of paying, 7% will declare bankruptcy in the face of medical debt. Bankruptcy is an option to consider when you … Read More

debt relief

What are Some of the Myths About Bankruptcy?

If you’re considering bankruptcy, certain myths about filing may be holding you back. You might be confused about what bankruptcy means or uncertain how the process unfolds. Don’t let these concerns keep you from finding a path to a new financial future. Let’s look at some common misconceptions about bankruptcy and the truth behind them. … Read More

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No upfront attorney fees in qualifying cases. Pay only court filing fee, credit reporting fee, and pre-bankruptcy credit counseling session fee to get a case on file to stop garnishments, repossessions, and certain court actions. Restrictions may apply. Please call to discuss your situation and learn how we can help.