Category Archives: Bankruptcy
Find the information you need on bankruptcy filing including Chapter 7 and Chapter 13 bankruptcy. Filing for bankruptcy can be a difficult decision in life, but it can sometimes be a necessary step to making progress with your debt situation. Our articles about bankruptcy has helpful information to help you get informed on various issues regarding bankruptcy. Although our articles are informative, the articles should in no way be taken as legal advice. Legal advice can come from our attorney who can be reached at 855 257-7671.
What Does BK Stand For? Bankruptcy? Burger King?
Written on , by BLP
What is BK? Bankers and other business professionals sometimes use the abbreviation BK to mean bankruptcy. In the financial or business arena, BK is referring to a bankruptcy. It can refer to a business or corporate bankruptcy and it can also be used to describe someone’s personal bankruptcy. Check the context in which the letters Continue Reading
Bankruptcy Law Professionals Video
Written on , by BLP
Bankruptcy Law Professionals has released this new video for your enjoyment. We hope the video captures our general message in a clear and concise manner. To recap some of the key messages in the video… 1. Debt can be an everyday drag on your life. It hovers over you until you deal with it. Even Continue Reading
Did You Know These Surprising Facts About Bankruptcy?
Written on , by BLP
The more you learn about bankruptcy, the better you can judge if it is the correct solution for you and your future. Bankruptcy is generally perceived as a negative activity in someone’s life which must be avoided at all costs. It is less likely to be seen as a helpful solution to debt problems. Some Continue Reading
Bankruptcy Attorney Can Use Chapter 13 To Resolve Foreclosure
Written on , by BLP
The presentation below breaks down how a Chapter 13 can be utilized to immediately stop a foreclosure and reorganize your situation. When you are facing foreclosure, the process seems to be out of your control. Dates are set and you have nothing to do with the dates that have been set for your home to Continue Reading
How a Bankruptcy Lawyer Can Use Chapter 7 To Stop Foreclosure
Written on , by BLP
Below is a presentation that describes the process of how Bankruptcy Law Professionals can utilize Chapter 7 bankruptcy as your bankruptcy lawyer to stop a foreclosure sale. A Chapter 7 bankruptcy will eliminate your unsecured debts and will also halt all collections activities. A foreclosure is considered a collection activity by the bank, lender, or Continue Reading
Life After Bankruptcy: What You Need to Know and What To Expect
Written on , by BLP
Filing a bankruptcy is a huge decision to make. When you think about bankruptcy, you are inclined to think about what your life after bankruptcy will be like. Will you be living in shame? Will you ever be able to buy a home or a car again? If so, when can you live a normal Continue Reading
A Closer Look At Chapter 7 Bankruptcy
Written on , by BLP
Chapter 7 bankruptcy is also sometimes known as “liquidation” bankruptcy. Most or all of your debts are cancelled and your non-exempt property is sold, or liquidated, to satisfy some of the debt you owe to creditors. Many people who file Chapter 7 bankruptcy do keep all of their property but it can be completely dependent Continue Reading
A Closer Look At Chapter 13 Bankruptcy
Written on , by BLP
Chapter 13 bankruptcy is also known as reorganization bankruptcy. Unlike Chapter 7 bankruptcy, you can possibly keep all of your property, but you also will have to repay all of the debt you owe, or at least most of it, over the course of up to five years. Some of the debt that must be Continue Reading
Bankruptcy and Your Credit Score
Written on , by BLP
Your credit score can have an impact on many different aspects of your life. It can impact your employment, living arrangement, and even your relationships. It is no surprise that for those dealing with debt related problems, credit score is often a concern. The difficulty in addressing impacts on your credit score is that everyone Continue Reading
Unemployment – How Soon Can You File Bankruptcy After You Lose Your Job?
Written on , by BLP
An unexpected event such as unemployment is never easy to manage if you don’t have financial reserves to depend on. Even if you do have financial reserves, it is difficult to plan a future around an unemployed situation. Unemployment can occur unexpectedly through a layoff or by getting fired from your job. When this happens Continue Reading