Filing for bankruptcy can be a hard decision to make. People may not want to do so because of the bad stigma surrounding the process. However, it can be beneficial for individuals who are facing a financial crisis. During the bankruptcy process, the automatic stay is a useful tool. This tool bars creditors from contacting […]

An automatic stay is a tool used in bankruptcy to prevent creditors from contacting debtors. In these situations, it can make it easier for debtors to deal with their finances by avoiding harassment. Through the tool of the automatic stay, it can prevent individuals from the added stress of dealing with creditors who are demanding […]

During tough times with finances, people may try to avoid filing for bankruptcy at all costs. However, bankruptcy can be a great option for some people. The process of filing for bankruptcy is set to help people recover from financial troubles. When there are no other options available for you, consider filing for bankruptcy. It […]

When an individual or a business is facing significant financial turmoil, they may be concerned about the future and how they will stay afloat. Those who are in dire financial situations often consider filing for bankruptcy as a way to get rid of some of their debt in hopes of being able to succeed in […]

When an individual is struggling financially and feels as though they will never be able to pay back their overwhelming debts, they may want to consider filing for bankruptcy. A lot of people are apprehensive about filing for bankruptcy because they are afraid that they will never build back their credit score and they will lose […]

Making the decision to file for bankruptcy isn’t always an easy one. When an individual is struggling financially, they may not be sure about deciding to file because of the fear of long-term repercussions. However, bankruptcy can be a great tool that sets up an individual for a future of financial success and allows them […]

Filing for bankruptcy is a very significant legal matter and should be taken very seriously. When an individual does file for bankruptcy, it is important that they make themselves aware of the ways that social media can impact their case. Unfortunately, people feel as though they are able to post freely on social media and […]

Often, when an individual or a business is faced with overwhelming debt, they may not be sure how to pay it off. Bankruptcy is not a tool that should be used lightly but it can bring significant relief to those who have been faced with a serious financial burden due to an unexpected event such […]

When a business is struggling to stay afloat due to mounting debt, it may be time to consider filing for bankruptcy. Believe it or not, bankruptcy can be the first step on the road to the financial success of the business. Businesses have a few options when it comes to bankruptcy, depending on the financial […]

One of the most frequently mentioned fears that individuals have about filing for bankruptcy is in regards to their credit. There is a common misconception that individuals who file for bankruptcy can’t ever have good credit again. This is simply not the case. Sure, bankruptcy will stay on an individual’s credit report for a few […]