Bankruptcy: Weighing Your Options

Filing for bankruptcy is never a decision to be taken lightly. But while making the decision to do so can be very overwhelming and scary, it’s important to understand that in many cases the positives of doing so outweigh the negatives. If you find yourself drowning in debt, bankruptcy may be the right to decision…

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credit score

How Will Bankruptcy Affect Your Credit Score?

It’s always a really difficult decision whether or not to file for bankruptcy. This is because while it can really help alleviate your stress, there are downsides as well. Regardless of what type of bankruptcy you file for (i.e. Chapter 7 or Chapter 13), it will impact your credit score. The good news is that…

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debt discharge; bankruptcy

What Will Happen if Your Debt Discharge is Revoked?

When you file for bankruptcy, you may be able to receive additional time to pay back your creditors or have your unsecured debt fully discharged. While it’s great news to learn that your debt has been discharged, it doesn’t mean that the bankruptcy court can’t revoke its decision. If your debt discharge were revoked, it…

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bankruptcy

Will I Lose My Assets if I File for Bankruptcy?

The decision to file for bankruptcy is extremely difficult no matter the case. But when you are concerned about what will happen to your assets you may have a harder time making that decision. You may be wondering what will happen to your assets once you file for bankruptcy. However, it’s important to understand that…

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petition for bankruptcy

Can You File for Bankruptcy Again?

When you find yourself in a serious situation in which your debts far exceed your financial ability to pay them, bankruptcy may be an option. But while this is not an easy decision to file for it, it is available to you. But what happens when you need to file again? Are you allowed to…

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self-employed woman

Can You File for Bankruptcy if You’re Self-Employed?

Running any size business is hard. But when you are self-employed as a sole proprietor of a small business (or if you work as an independent contractor) it can prove even more financially overwhelming – especially now, during the coronavirus pandemic.  Deciding to file for bankruptcy is never easy, but sometimes you have such significant…

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