About Me
Thanks for stopping by my website. My name is John Finley, and I’m 46 years old. A few years ago, my wife and I found ourselves in a financial bind that continued to get worse. No matter how hard we tried to catch up, it seemed that our bills got larger, and we couldn’t keep up. Some of our credit card balances got so high that we couldn’t make the minimum payments. The collection phone calls came often and caused us a great deal of stress. We talked about different ways to get out of debt, but never found one that worked. We were both in agreement that filing bankruptcy was our last option. Well, the time came where we were out of other options and contacted a bankruptcy attorney. I am going to share our experiences with you and hope you find them to be helpful.
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Should You Reaffirm Debts In Chapter 7 Bankruptcy?
Certainly, the primary goal of Chapter 7 bankruptcy is to rid struggling Americans of debt that they can no longer pay. However, when those debts are attached to secured assets like your home or car, your bankruptcy goals may change.
Most bankruptcy claimants have the option to reaffirm such secured debts. What does reaffirmation mean? Should you do it? And how can you make the best decision? Here's what you need to know.
Should You Delay Your Bankruptcy Filing?
Do you think that you're ready to file for bankruptcy, but wondering if the time is right? If so, it will help to know some reasons why you should delay your bankruptcy filing.
Your Medical Condition Has Not Stabilized
A common reason for filing for bankruptcy is to discharge your medical debts. As the bills start coming in and you're unable to pay them, you may feel like you need to resort to bankruptcy in order to get out from underneath your debt.
The Consequences of Filing for Bankruptcy Pro Se
When you are in debt and you feel as if you cannot afford to file for bankruptcy, you might wonder if it's a good idea to hire a bankruptcy law attorney. However, filing for bankruptcy pro se can sometimes be more expensive than hiring an attorney and you may even have your bankruptcy filing thrown out.
Bankruptcy Law Is More Complicated Than Ever
The process of filing for bankruptcy has become more complicated than it was in the past.
Three Reasons You Should Hire A Bankruptcy Attorney
Some people contemplating bankruptcy feel they can't afford to hire an attorney and, thus, decide to manage their own cases. While this is a perfectly valid strategy, you may actually be doing yourself more harm than good going the do-it-yourself route. Here are three reasons why it's often worth the effort to hire a lawyer when filing bankruptcy.
Force Creditors to Return Money and Property
Creditors are an aggressive bunch. When you fall behind on payments, they'll do everything they can to make you pay the debt, including deducting money from your bank account or paycheck through a garnishment procedure or taking property that served as collateral for the loan.
3 Useful Tips When Thinking About Filing For Chapter 13 Bankruptcy
If you have gotten yourself into debt, sometimes the only way to respond is to file for bankruptcy. Chapter 13 bankruptcy is ideal for those with regular income who can afford a re-payment plan. If you're considering this option, be sure to utilize these tips.
Take Time With Paperwork
Filing Chapter 13 bankruptcy is not going to happen overnight. It is quite a long process, in fact, given all of the paperwork involved.
When You Want to Hold Onto Certain Debts
The whole idea of chapter 7 bankruptcy is to leave as much debt as possible behind. There are some cases, however, in which you might want to reconsider and carry debt forward. Read on to find out why you would agree to keep the debt and how to do so.
Secured Debts and Reaffirmations
Your bankruptcy debt is divided into secured and unsecured. Secured debt is anchored by the property itself.
Advantages Of Chapter 13 Bankruptcy Vs. Chapter 7
There are a lot of people who instantly think Chapter 7 bankruptcy is better than Chapter 13, but this is not really the case. Chapter 13 offers some key advantages that are not available through Chapter 7, and here are the top ones.
It Offers Debt-Relief to People Who Make Too Much Money
You might not realize that there are income guidelines that you must meet in order to file for Chapter 7, and this often disqualifies people from using this branch of bankruptcy.
What To Know About Your Bankruptcy Trustee
Declaring bankruptcy is a big step, but knowing what to expect can help ease the stress and confusion of the situation. Once you file, you will be assigned a bankruptcy trustee, who will be managing your bankruptcy case from now until its final petition. While you should still count on your bankruptcy attorney to lend you support during the months that it takes a bankruptcy to go through court, yourbankruptcy trustee also fills an important role.
How Does Personal Bankruptcy Affect You?
Bankruptcy is a scary word. There is such a stigma attached to it that many people are afraid even to consider filing for personal bankruptcy, even when it is the best alternative. To de-mystify bankruptcy, it helps to understand how bankruptcy affects you.
What Debt Does Bankruptcy Remove?
Filing for bankruptcy removes a significant portion of your debt, but not all of it. Take some time to figure out what is driving your debt.
Your Right To An Appeal: How To Get Social Security Disability Benefits When Your Application Has Been Denied
There are many reasons a social security disability claim will get denied. Whether you did not complete the necessary paperwork correctly, or you did not have enough evidence to back up your claim of a disability, you have the right to file an appeal when you receive a denial letter.
Time to Appeal Your Denial of Social Security Disability Benefits
When you receive your letter stating that the decision was made to deny you benefits, you have sixty days from the receipt of this letter in order to file an appeal on your behalf.