This topic almost found a place in last month’s top misconceptions blog. Many people think a married couple has to file together, and that is just not true. While it is true that combined income is a factor in determining you ability to repay debts, and thus qualify, or not qualify for bankruptcy, you do […]
The common theme found in many of my blogs, is that bankruptcy is not something to be ashamed of. It is a protection here to help you when you need it. Things happen in life that can cause great hardship, including financial ruin. Bankruptcy is here to be an option for a potential fresh start. […]
Bankruptcy gives debtors, that want to honor their debts, a chance to fix their finances. It can forgive most debt entirely and give you a clean slate. This is known as a chapter 7. Another option allows you to forgive some debts and pay back others over a 3-5 year repayment. This is known […]
Many people don’t really understand what happens when they enter into bankruptcy. Entering into bankruptcy doesn’t mean you sign away all of your earthly possessions and give up everything you own. It certainly doesn’t mean you’ll never have a chance to buy a home or purchase a car. It’s actually quite the opposite. Filing for […]