is bankruptcy the right move for you?is bankruptcy the right move for you?

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is bankruptcy the right move for you?

Are you in financial trouble? Do you know what your options are for getting yourself out of that financial trouble? Unfortunately, it doesn't take a whole lot to mess up the financial stability in a household, but it can take a lot of work and decision making to resolve it. Have you considered filing for bankruptcy? This was one step that I never imagined I would have to take, but have recently had to go through the process due to an illness that prevented me from working for several months. If you are considering bankruptcy, take a moment and visit my website, where you will find a plethora of information that can help you.



Your Bankruptcy Filing Is Complete…Now What?

As you went through the bankruptcy process, you might have been apprehensive about your post-bankruptcy financial life. With bankruptcy filings that stay on your credit report for 7-10 years, fear is only natural. However, if you manage it correctly, this time can truly serve as a fresh start where you build a foundation for your future financial success. To make that a reality, a few important things need to happen. Fortunately, these things follow a logical progression, and you can focus on them individually as you make your way. Read More 

The Relationship Between Debt And Bipolar Disorder

One aspect of personal finances that is often overlooked is the mental health of the person having difficulty. However, there are a number of conditions that can cause people to spend frivolously. One such problem is bipolar disorder – a condition that causes sufferers to experience extreme bouts of euphoria and depression. Understanding the Problem The accumulation of bad debts as a result of bipolar disorder is often overlooked. Generally, mental health isn't treated with the same respect that physical health is, leading to many people misunderstanding the issue. Read More 

Reaffirmation Agreements In Chapter 7 Bankruptcy

Chapter 7 bankruptcy can be a devastating blow to you and your loved ones. During Chapter 7, it is possible to lose a number of items in your home; including beloved property that may have a sentimental value that is through the roof. There are a variety of different options you have where you may be able to keep certain items or property during Chapter 7. One of those possibilities is filing for a reaffirmation agreement. Read More 

Life After Chapter 7 Bankruptcy: Two Important Items You Can Keep

If you cannot afford to pay all your financial obligations, filing Chapter 7 bankruptcy can help by liquidating all your assets and eliminating your debts. But, there are some items of personal property that you can keep as exemptions after bankruptcy. As each state has different rules and regulations for the exemptions they allow, you will need to find out if your resident state will let you use the federal or state exemptions in your Chapter 7 bankruptcy. Read More 

Second-Time Filer? What To Expect During Your Creditor Meeting

If you expect to fly through your second Chapter 7 unscathed, think again. Bankruptcy trustees often scrutinize second-time filers more than do first-time filers. Although federal bankruptcy court doesn't place limitations on how many times you can file Chapter 7, it does limit how many times you can actually receive a discharge of your debt. Currently, you can only discharge your bad debt if it's been over eight years since your last filing. Once you're allowed to file Chapter 7 again to discharge your new debt, you'll need to discuss your finances with the trustee when you attend the meeting of the creditors. Read More