The Bankruptcy Process: Stage 5 – The Do Over

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In The Bankruptcy Process: Stage 4 – The Deliberation, we reviewed what your day in court would be like and some time lines for when things will occur. If your bankruptcy has been approved, you’ve officially been granted a “do over” – and this is where things get tough. Your Financial Future Can’t Wait, Talk [...]

The Bankruptcy Process: Stage 4 – The Deliberation

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In The Bankruptcy Process:  Stage 3 – The Documentation, we reviewed all that’s involved with the documentation you’ll need, how you’re going to feel emotionally to this point, and the education you’re required to have by the court.  In my experience, that was somewhat of the easy part. The Court Appearance While I can only speak [...]

The Bankruptcy Process: Stage 3 – The Documentation

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In The Bankruptcy Process:  Stage 2 – The Determination, we discussed how to find a good lawyer and how he/she would make the determination as to whether you are eligible to even file. At this stage, nothing has gone to the court so it’s not even “official” that you’re in bankruptcy.   Since your first meeting [...]

The Bankruptcy Process: Stage 2 – The Determination

Leave Debt Behind - The Bankruptcy Process

In The Bankruptcy Process: Stage 1 – The Decision, we talked about how you would make the decision about which way to move with your financial road. However, even though you have decided that the bankruptcy process is the right path for you, the actual decision is not yours. Finding an Attorney Your next step [...]

The Bankruptcy Process: Stage 1 – The Decision

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You’ve reached a point where your finances have taken all the hits they can handle.  There is no money tree in the back yard or loan from a relative available to help get you back on your feet.   Plain and simple, you really have to contemplate the bankruptcy process. This is not going to be [...]

How To Handle Debt Collectors When You’re Broke

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Most experts advise people who are struggling with debt and dodging bill collectors to make the first move to contact their creditors directly. Consumers are encouraged to offer either a lump-sum payment if possible or to schedule a payment plan that is more suitable to your needs. However, there are a lot of people who [...]

Bankruptcy Basics

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When the time comes to consider bankruptcy as a means to escape unmanageable debt, there are a few things you should know before moving forward. There are many myths that abound in regards to bankruptcy and what happens before, during and after you have filed papers to begin the process. Here we will cover a [...]

Life After Bankruptcy

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Eliminating debt is on the forefront of everyone’s mind these days. There are dozens of different strategies and methods of debt elimination you can try, however only one strikes fear in the hearts of most consumers- bankruptcy. Known as the last resort, the final option, the “worst case scenario”, bankruptcy today is much different than [...]

Why Bankruptcy Is Not The Simple Answer To Debt

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Years ago, filing bankruptcy carried a social stigma that many people avoided like the plague. It more recent times, people began to figure that bankruptcy is the easy way out of their debts. However, the reality of bankruptcy is highly disruptive not only to your present financial situation but also for your future one. Also, [...]

The Differences Between Chapter 7 and Chapter 13 Bankruptcies

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For many individuals in debt, bankruptcy is the last resource to help get out from under all-too-heavy financial burdens. In the past, bankruptcy was considered to be somewhat of an easy out but today there are much tougher bankruptcy laws and these changes make it more difficult to go through the process of bankruptcy unless [...]