Chapter 13 bankruptcy is often misunderstood, but with proper care, it can be a lifesaving tool. In broad strokes, Chapter 13 is a way to create a structured payment plan to make good on your debts, while putting a halt to collection tactics. “But doesn’t a bankruptcy discharge debt,” you might be asking? Yes and no. Not all debts are…
Starting your own business can be a rough road to travel, and for many business owners, the idea simply fails to get off the ground. There are numerous reasons why this might be, but whatever the reason, a failed business idea does not have to dismantle your entire life. Many business owners file for bankruptcy to keep a failing business…
Facing substantial debt can leave you feeling a myriad of emotions. You may wonder how you could get out from under the outstanding balances you owe and feel considerable stress due to constant creditor calls. This stress can have significant effects on multiple areas of your life, including your overall health. Therefore, you may wish to consider exploring bankruptcy and…
Bankruptcy is often thought of as a process where people declare that they have no money and a court allows them to cancel their debt. In reality, the process is far more complex than this, and sometimes a person may take actions that are not permitted, complicating or canceling the bankruptcy entirely. An elected official in a Chicago suburb, who…
How To Stop a Sheriff Sale: Chapter 13 Bankruptcy Financial challenges are stressful, but almost nothing is as disheartening as the threat of possibly losing your home. If you receive notice that your home is in foreclosure or notification of a sheriff sale, your situation is not beyond repair. The circumstances are serious, but with experienced guidance, you may be able to stop this process…
If you’re considering a Chapter 7 bankruptcy, you may be concerned that not all of your debts will qualify for discharge, especially some of the more destructive types of debt. Cash advance debts can be some of the worst culprits in driving you deeper into personal debt and feeling like there is no way out, and there is some conflicting…