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Category: Bankruptcy

Rebuilding Your Credit Rating After Bankruptcy

Bankruptcy offers a second chance to rebuild your credit and continue onward with your life. Unfortunately, your credit score will temporarily fall after declaring bankruptcy. During the period immediately after bankruptcy, individuals often find it challenging to do things like rent an apartment or purchase a car or home. There are, however, some pieces of advice that you can follow after declaring bankruptcy to immediately begin improving your credit score.   Avoid Repeating Your Mistakes If[...]

The Impact of Bankruptcy on Medical Debt

A large number of Americans end up in financial debt due to the high costs associated with medical care. Many Americans who are diagnosed with serious medical conditions as well as who are involved in serious accidents can end up facing hefty medical bills. Many of those people decide to utilize the bankruptcy process to alleviate financial strain and unmanageable debt. This is because if you declare bankruptcy, your medical bills will often be part of your discharged debt. Chapter 7 Bankruptcy [...]

Why Businesses File Chapter 11

At the end of August, a potentially major legal showdown is scheduled to be heard in court as the company behind over 140 Applebee’s franchises fights against Applebee’s parent company. Approximately nine months ago, RMH Holdings, the second largest franchise holder of Applebee’s, stopped paying their parent company royalties and advertising fees. After months of contention, Applebee’s parent company, Dine Brands, attempted to regain control of the large number of RMH-owned locations by [...]

How can Chapter 13 Help You?

  For decades, the stigma of bankruptcy has existed throughout the United States. A person who filed bankruptcy was considered to be lazy, greedy, or poor at managing money. In reality, filing for bankruptcy is something that is often a result of unforeseen and unavoidable circumstances such as divorce, serious health issues, or even the loss of a loved one. If you are a person drowning in debt and not sure where to turn, take time to learn how chapter 13 can help you. End Tax Refund Interc[...]

Signs it is Time to Replace Your Bankruptcy Attorney

No matter how carefully you planned for the future and how hard you work, there are times when a personal or professional bankruptcy is inevitable. When you can no longer afford to make on-time payments and other forms of debt relief such as negotiating with creditors fail, then bankruptcy may become your only reasonable option. There are many attorneys who offer affordable professional bankruptcy services, but unfortunately not all of them are as professional as they claim. If you have hired a [...]

How Filing Bankruptcy Affects Florida Renters

According to the Florida Times-Union, Jacksonville, Florida has been a “hot market for renters” for a few years now. While the renter’s market might be booming, anyone who is dealing with bankruptcy may be wondering how filing bankruptcy will affect him or her as a renter. While an experienced Jacksonville bankruptcy attorney can help you understand everything you need to know about filing bankruptcy and how it will affect every aspect of your life, here is what you need to know about fili[...]

What to Expect at Your Bankruptcy 341 Meeting

One of the most potentially unnerving parts of filing for bankruptcy is the requirement to attend certain hearings in person. In addition to going before a judge to have your case confirmed, you must also attend a meeting of creditors with your trustee. This meeting is one of the most crucial parts of your bankruptcy case since the actions of the trustee and your creditors could potentially derail your filing. Knowing what to expect at your bankruptcy 341 meeting will help to reduce some of your[...]

What to do if Your Chapter 13 Bankruptcy Case is Dismissed

After filing for Chapter 13 bankruptcy debtors are required to make monthly payments to a bankruptcy court trustee. These payments are distributed to various creditors, including a debtor’s attorney and the trustee him or herself. At the end of the bankruptcy, the petitioner will receive a discharge that prevents creditors from pursuing him or her for additional payments and allows the petitioner to have a fresh start with his or her credit. However, failure to meet certain terms may result in[...]

Why Bankruptcy Cases are Dismissed

  Filing for bankruptcy is a stressful experience that requires multiple court hearings, meetings with an attorney, and a thorough review of your finances. While these things are unpleasant they are usually viewed as a reasonable inconvenience by those drowning in debt. Unfortunately, in some situations the bankruptcy case is abruptly dismissed before the filer is able to receive any benefit from the choice. Understanding why bankruptcy cases are dismissed will help you avoid making a mista[...]

Why You Should Avoid Debt Settlement Companies

Each year over 790,000 individuals and businesses file for bankruptcy relief. While this number may seem high, it is actually lower than past years. People who file bankruptcy come from all financial backgrounds and many are reluctant to use bankruptcy to solve their financial problems because they fear the social stigma or impact to their credit. Often debt settlement companies are viewed as a more attractive alternative to traditional bankruptcy, causing thousands of people to contact these co[...]