We cannot stress enough the importance of educating yourself before taking steps to alleviate a financial issue or preparing yourself to file bankruptcy. Unfortunatly many individuals rely on friends and family members when making these decisions that may have little to no clue on what you should do. The following is a list of DON’T’s
Bankruptcy is a more common occurrence than one may think. Here are some signs that you may be headed for Bankruptcy: No Personal Savings Lack of Health Insurance. Medical bills are a large factor in the need to file for most bankruptcies. Maxing out on your credit cards. Other than medical bills, credit cards are
Chapter 7 Bankruptcy Liquidation Bankruptcy for Individuals Sometimes referred to as “straight bankruptcy”, in Chapter 7 bankruptcy, the bankruptcy trustee nullifies many, or all, of your debts. The principle advantage is that the debtor comes out without any future obligations on his discharged debts. If a debtor wants to keep an item (Ex: house or
