Yearly Archives: 2018

The point of Chapter 13 bankruptcy is to give you affordable payments to pay off what you owe. These are due on a monthly basis. As such, you need to have a budget and stick to it. You do not…

Bankruptcy myths abound, and they can often give people the wrong idea about the process. It is time to break down at least one of those myths to show exactly why it does not hold up. The myth is simple: Bankruptcy is…

Worried that your credit score will drop after you file for bankruptcy? That is one of people’s most common concerns, but do not worry that it has to last forever. There are plenty of things you can do to rebuild…

Chapter 13 bankruptcy gives you an affordable repayment plan that you can use for the next few years — typically between three and five years — to pay back what you owe. Some of your debt may be forgiven, but…

You want to file bankruptcy alone, without your spouse, hoping to shield him or her from the impact as much as possible. Your debt may still impact your spouse. For one thing, if you have a joint credit card —…

One of the prevailing myths about bankruptcy is that since you are going to eliminate your debt anyway, you might as well spend frivolously for a month or two before you file. For instance, perhaps you have a credit card…

Every small business owner starts out feeling positive and chasing what many consider the American Dream. They read stories about other companies starting in a garage and growing into an international powerhouse, and they can’t help but hope for that…

Bankruptcy feels like a personal matter, but you really want to think through all of the potential ramifications in advance. You’re worried that your employer may find out that you filed and then terminate your position. Even though you’re bankrupt,…