Bankruptcy

People who need to file for bankruptcy may wonder what’s going to happen to their assets when they file. The answer to this depends on several factors, including the type of bankruptcy, the type of asset it is and the value of the asset.  Assets in bankruptcy are...

In the face of overwhelming financial hardship, some individuals may recoil at the thought of declaring bankruptcy. For many people, filing for bankruptcy is considered a last resort, reserved only for situations where all other avenues have been exhausted. ...

Bankruptcy allows people to relieve overwhelming credit card, medical and personal loan debt. This helps many families that struggle to afford basic necessities because they are focusing on paying off their financial obligations. However, this is one major drawback to...

Filing for bankruptcy is a process that can prove to be very stressful, even as the aim of filing for bankruptcy is to provide an individual with the benefits of significant debt relief. While filing for bankruptcy may feel overwhelming, if you’re moving forward with...

Filing for bankruptcy can be a stressful decision, especially for those renting a home. Many renters worry about losing their current home or facing difficulties when searching for a new place to rent.  However, understanding how bankruptcy actually impacts a rental...

It’s time to change the way people view bankruptcy. Many people feel a significant amount of guilt or even shame. They don’t want to file for bankruptcy. They think that others will judge them for doing so. It almost feels like “cheating” because they took out the...

If you fear your mortgage lender is about to take your home back then you’ll want to act fast. Losing your home to foreclosure could you put in an even more difficult position than you are already in.  Filing for bankruptcy is an option that some people use to prevent...

Medical debt can quickly become overwhelming, especially when unexpected illnesses or injuries occur. If you have large medical bills in Massachusetts, understanding your options is important.  Chapter 7 bankruptcy for debt relief Chapter 7 bankruptcy is one option...

People tend to focus on bankruptcy as a financial decision. Something that if done correctly, could help you go from a bad financial situation to a better one. While improving your financial situation is reason enough to file, you should also consider the benefits it...

Many people who consider filing for bankruptcy have no income. That may specifically be the reason why they’re considering bankruptcy in the first place. For instance, maybe they had a good job and were earning a high wage, so they took out loans or made purchases on...