Drowning In Debt? Reasons To Consider Filing Bankruptcy Now Instead Of Waiting

Bankruptcy is one of the solutions for those who are drowning in debt and cannot afford to pay that debt off. Many people make the mistake of putting off a bankruptcy filing until it cannot be avoided. They may try different debt relief methods or attempt to solve the problem on their own. Unfortunately, there are many downsides to waiting when it comes to filing for bankruptcy. Here are a few of the reasons you should not delay filing if you are in a large amount of debt. Read More 

What To Expect When You File For Chapter 7 Bankruptcy

Choosing to file for bankruptcy can be a very hard decision, but in the long run it can reduce your stress and give you a fresh slate. Common reasons to file for bankruptcy include job loss, large medical debts, or excessive credit card debt that you can no longer afford to pay. While it is possible to file for bankruptcy on your own, it is highly recommended that you retain the services of a bankruptcy attorney to assist you. Read More 

Bankruptcy: Is It Right for Senior Citizens?

As people live longer, the need for financial stability gets extended further and further. Health care and housing costs are only rising higher, and it's no secret that many seniors are struggling to make ends meet. Many people might be surprised at the thought of those in their 60s, 70s, and beyond declaring bankruptcy, but it happens all the time. The way bankruptcy affects older people makes for some unique considerations. Read More 

Money Tips When Preparing For Bankruptcy

Bankruptcy is something that is designed to provide relief from debts to people who need it but filing for bankruptcy is not free. On average, it will cost around $1,400 to file a Chapter 7 case, and this money must usually be paid up front. If you do not currently have the money to use for this, here are some tips to help you get it. Talk to a lawyer Read More 

Deeper In Debt? 4 Tips To Help You Prepare For Bankruptcy

If your debt has spiraled out of control, and there is no end in sight, it might be time to file for bankruptcy. Bankruptcy will get you out from under stifling debt and give you room to breathe. Here are four tips that will help you prepare for the process. 1. Know What You Owe Before you file for bankruptcy, make sure you know exactly what you owe. Once you file the paperwork, you'll have a hard time adding new information to the list of creditors. Read More