Menu

Bankruptcy Explained: Clearing Up The Facts

About Me

Bankruptcy Explained: Clearing Up The Facts

When I was turned down for a debt consolidation loan, I felt as though I would never get out from underneath my debts. I was feeling very discouraged, and I didn't know which way to turn. That's when I started to research the bankruptcy process. There was so much information out there that I was really overwhelmed by it. When I called a bankruptcy attorney, it amazed me how simple the process really was. I created this site to share what I have learned and experienced in filing bankruptcy in the hopes that I can help others understand the process and avoid the confusion that I experienced.

Categories

Latest Posts

The Benefits of Hiring a Bankruptcy Attorney
22 May 2024

Navigating the complexities of bankruptcy can be d …

How To Protect Certain Assets During A Bankruptcy
10 May 2023

A big concern for many people that file for bankru …

Probate Issues That Your Lawyer Will Resolve
26 September 2022

Probate involves transferring a deceased's estate …

When Should Your Business Declare Bankruptcy?
22 March 2022

If your business is struggling, you may be looking …

Now, Don't Let It Happen Again
30 September 2021

The bankruptcy education class, taken before filer …

The Benefits of Hiring a Bankruptcy Attorney

22 May 2024
 Categories: , Blog

Navigating the complexities of bankruptcy can be daunting, fraught with legal jargon and financial uncertainties. Hiring a bankruptcy attorney can significantly ease this process, offering legal expertise and peace of mind. The benefits of professional legal assistance in bankruptcy cases are manifold and invaluable. This blog will explore the benefits of hiring a bankruptcy attorney.  Expert Legal Guidance The foremost advantage of hiring a bankruptcy attorney is the expert legal guidance provided throughout the process. Read More 

How To Protect Certain Assets During A Bankruptcy

10 May 2023
 Categories: , Blog

A big concern for many people that file for bankruptcy is how to protect assets. There are some forms of bankruptcy that involve liquidating assets to pay off debts, and the idea of having to sell a home or vehicle can make the process more devastating. That's why it helps to know how to protect assets during bankruptcy. Exemptions It is possible to protect assets through exemptions. This is when the law gives you the ability to exempt a specific amount of an asset from being liquidated during the bankruptcy process, and the amount and property covered will vary based on the state you live in. Read More 

Probate Issues That Your Lawyer Will Resolve

26 September 2022
 Categories: , Blog

Probate involves transferring a deceased's estate to their dependents. However, sometimes the probate process isn't straightforward and involves a lot of issues. If you want a peaceful property transfer once you pass away, you should hire a probate lawyer. Here are some probate issues that your lawyer will help you avoid. Lack of a Will Drafting a will is one of the best ways to clear out any questions regarding the allocation of your assets after you die. Read More 

When Should Your Business Declare Bankruptcy?

22 March 2022
 Categories: , Blog

If your business is struggling, you may be looking at bankruptcy as a possible solution. Here are some of the reasons you may want to file for bankruptcy. Stop Debt Payments If you're struggling with cash flow, you may want to stop your debt payments. Under the bankruptcy procedures, a business may be given temporary relief from paying debts.  At first, you may get a pause while your bankruptcy is pending. Read More 

Now, Don’t Let It Happen Again

30 September 2021
 Categories: , Blog

The bankruptcy education class, taken before filers get the final petition, is meant to send them on their way toward making good financial moves in the future. This class is the second part of a two-class series brought about in response to consumers filing multiple bankruptcies. What Goes On During This Class? Avoiding the issues that brought you to bankruptcy is the main goal of the bankruptcy education class. With that in mind, the class mostly addresses topics like saving for emergencies, using credit wisely, rebuilding your credit score, how to make a budget, and more. Read More