Browsing: Chapter 7 Bankruptcy

Filing for bankruptcy can be a helpful way to get out from under-debt and stop creditors from garnishing your wages or contacting you. In many cases, unsecured debts like personal loans and credit cards can be cleared by a court order. This can provide relief and a fresh start financially. After you file for Chapter 7 bankruptcy, it is important to be mindful of your spending. Although some expenses may seem frivolous, they could jeopardize your case and leave you struggling to stay on top of your debt payments. It is best to avoid large purchases and running up credit…

When you’re in debt, it can feel like there’s no way out. But bankruptcy is not your only option. There are other ways to get your finances under control. Filing for bankruptcy can be overwhelming and scary. It is essential to know that you are not alone and that options are available. While bankruptcy may be one way to address your debt, it is not the only solution. You may be able to consolidate your debt or reduce your expenses to avoid filing for bankruptcy. Types of Bankruptcy Bankruptcies can be broadly classified into two categories, each of which may…