For families facing foreclosure, the stress and worry can be unbearable. Fortunately, there are different options available to help those struggling including Chapter 13 bankruptcy which is one option. The two primary types of personal bankruptcy offer certain...
Month: May 2018
Qualifying for Chapter 13 bankruptcy
Chapter 13 bankruptcy is a bit different than Chapter 7 bankruptcy in that it allows the filing party to reorganize and repay their debts according to a repayment plan that usually spans 5 years. This is different than Chapter 7 bankruptcy which allows the filing...
Reasons to pay more than the minimum on credit card bills
Credit card debt is one of the most prevalent forms of debt in American society. According to a 2017 report from USA Today, the average American holds approximately $5,551 in credit card debt. With some interest rates as high as 20 percent, some people find themselves...
How do I qualify for Chapter 7 bankruptcy?
Chapter 7 bankruptcy can provide a fresh financial start through a liquidation bankruptcy option. If you are considering this option, however, you may wonder how to qualify. If you do not qualify for Chapter 7 bankruptcy, additional options may be available and the...
Nashville-based guitar maker files for bankruptcy protection
Bankruptcy options exist to help both businesses and individuals struggling with the burden of debt. Nashville guitar maker Gibson filed for reorganization bankruptcy protection recently. Similar to Chapter 13 reorganization personal bankruptcy recently discussed on...
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