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…
A Chapter 7 bankruptcy proceeding can be a complicated matter, and each case must be handled with care and precision. In some cases, a debtor may choose to work out a specific deal with a secured creditor that allows him or her to keep a certain piece of property. This process is known as debt reaffirmation and must be undertaken…
Bankruptcy offers an incredible, life-changing opportunity to create a clean slate in your personal and professional life and create a fresh start for yourself. However, it must be undertaken with great sobriety and executed painstakingly, or else you may face serious legal consequences. For many individuals, the emotional weight of the circumstances that bring them to consider a bankruptcy can…
Ohio residents who are facing significant monetary struggles may be able to file for bankruptcy in order to get the fresh financial starts that they desire. For those who qualify for Chapter 7 bankruptcy filings in particular, all qualifying debts are eligible for discharge if they receive court approval. It is normal, when thinking about filing for bankruptcy, to have…
The past year has proven without a doubt that the country is deeply divided on nearly every political and social issue that America currently faces. If there is anything that it seems like everyone can agree on, one way or another, it is that the cost medical care in our country is simply astronomical. While this is not the forum…
When it seems that life is assaulting us on all sides, it can be difficult to maintain perspective, or even to identify all the options we have available for relief. When considering bankruptcy, those who serve in the military may be eligible for extra protections that strict civilians do not have available. Specifically, the Servicemembers’ Civil Relief Act offers some…