Tag Archives: chapter 7

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

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

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

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

Just about everyone who possesses a credit card is looking for a way to tone down that debt, and for good reason. The average credit card debt at the end of 2016 was just under $6,000 per household, with some being more or less depending on a variety of factors. Why Credit Card Debt Is Continue Reading

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

Are you retired or considering retiring soon? If debt is a major issue that is keeping you from enjoying retirement or preventing you from retiring, consider a bankruptcy to help relieve you of your debt to help you achieve your retirement goals. A bankruptcy can eliminate several types of consumer debts including credit card debt, Continue Reading

Here’s a great article about a woman who used Chapter 7 bankruptcy to put her finances back on track for the long term future. It is a learning experience that can teach many lessons to those who are in a similar situation. Check out the link below about a brave woman who was dealing with Continue Reading

In the counties of Riverside and San Bernardino, there have been 2,585 properties that were in a Notice of Default status at some point within the past 120 days. A Notice of Default is assigned to a property when a mortgage loan on the property is behind on payments for 90 days or more. This Continue Reading

This article from Market Watch describes 62% of Americans as unable to handle emergency financial situations: Market Watch: Most Americans Are One Paycheck Away From The Street You can prevent yourself from this situation by managing your debt today. Don’t wait until you are in an emergency situation before you manage your debt. If you Continue Reading