One of the most common concerns people have with bankruptcy is the fear that this process will cause them to lose their personal property. In reality, it is possible to benefit from the protections provided by Chapter 7 bankruptcy without losing many types of...
Month: October 2020
Does bankruptcy hurt the economy or help it?
With the economic downturn happening now in 2020, it makes sense to be asking how your bankruptcy could negatively affect the economy. You may worry that not paying your bills is harming another business or individual or could cause a kind of chain reaction.The good...
Can an employer refuse to hire you over a bankruptcy?
People do worry that a bankruptcy won't look good to others. In some ways, that may be true, but on the whole, it's understood that bankruptcy is a legal protection offered only when people truly need it.When you're looking for a job during your bankruptcy or after...
Yes, even younger people face bankruptcy struggles
If you're young, one of the last things you would expect would be to have to go into bankruptcy. The reality is, though, that many younger individuals do end up going into bankruptcy for a variety of reasons.Whether it's because you haven't been able to find a job in...
Even with a poor economy, bankruptcies are down in October
Bankruptcy has long affected Americans, but there is some good news in 2020. According to a new report from Oct. 5, fewer Americans have filed for bankruptcy in 2020 than in 2019 despite the fact that there are 10.7 million fewer jobs in the country and that over a...
What happens during the repossession process?
There are many unpleasant consequences that come with owing a significant amount of debt. One of these includes the efforts of debt collectors and creditors to secure payment from the consumer. This typically starts with phone calls and letters in the mail, but it can...
What happens to a car lease during a Chapter 13 bankruptcy?
If you have a car that you're leasing and are planning to go through a Chapter 13 bankruptcy, you may be wondering what will happen to the least. Generally, there will be two options open to you. The first would be to return the vehicle. The second would be to...
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