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What Not to Do Before Filing for Chapter 7 Bankruptcy

Chapter 7 Bankruptcy Chapter 7 bankruptcy provides debtors with a great way to eliminate debt and start over financially. However, there are several actions that debtors should avoid taking before filing for Chapter 7 bankruptcy. The reason for this is that the bankruptcy court will examine a debtor’s past transactions made within a specified period…

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Person filing for chapter 7 bankruptcy

What Not to Do Before Filing for Chapter 7 Bankruptcy

Chapter 7 bankruptcy provides debtors with a great way to eliminate debt and start over financially. However, there are several actions that debtors should avoid taking before filing for Chapter 7 bankruptcy. The reason for this is that the bankruptcy court will examine a debtor’s past transactions made within a specified period prior to filing….

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Person reviewing paper bills and using a laptop

Benefits of Chapter 7 Bankruptcy

There are many reasons that people find themselves in difficult financial situations. Whether it’s unemployment, medical issues, deaths in the family, the types of unexpected events that can give rise to financial difficulties are numerous. Fortunately, however, bankruptcy offers those going through financial problems a way to start over. And although some people view it…

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Client meeting with bankruptcy attorney

Can Bankruptcy Help My Credit Score?

Although bankruptcy provides relief to people whose finances have gotten out of control, it is not without its downsides. For example, bankruptcy stays on a person’s credit report for several years after filing. In addition, bankruptcy can negatively affect a filer’s credit score. Surprisingly, however, bankruptcy may actually help a filer’s credit score under certain…

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Person considering Chapter 7 Bankruptcy

5 Tips for Rebuilding Credit After Bankruptcy

Deciding whether to file for bankruptcy is tough. Although filing for bankruptcy offers many benefits, including the opportunity to repair your financial situation, it also has its downsides. One impact of filing for bankruptcy is that it can lower your credit score. Fortunately, however, it’s possible to rebuild your credit by taking certain actions. In…

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Woman filing for bankruptcy

Am I Able to File for Bankruptcy More Than Once?

Bankruptcy provides people with an opportunity for a fresh financial start. Ideally, it also serves as a learning experience. Unfortunately, however, people sometimes find themselves struggling financially even after an initial bankruptcy. This leads some individuals to explore the idea of filing a second bankruptcy. In this article, we examine whether it is possible to…

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Keys to new house

Buying a Home After Chapter 7 Bankruptcy

Chapter 7 bankruptcy provides debtors with an effective way to start over financially. And although there are many benefits to chapter 7 bankruptcy, it can make it difficult to do certain things, such as purchase a new home. Fortunately, however, purchasing a home after bankruptcy is possible. In this article, we discuss buying a home…

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