Considering Filing? You Need To Know What Happens When You File Bankruptcy
March 9, 2023
Considering Filing? You Need To Know What Happens When You File Bankruptcy What is Bankruptcy? Thinking about filing bankruptcy? Bankruptcy is a court proceeding in which a judge and court trustee examine the assets and liabilities of individuals and businesses who can’t pay their bills and decide whether to discharge those debts so they are…
What Happens If You Don’t Pay Medical Bills?
March 3, 2023
What Happens If You Don’t Pay Medical Bills? Americans are estimated to collectively owe as much as $140 billion in outstanding medical debt. 1 in every 3 U.S. adults have at least one unpaid healthcare bill. Statistics show that households with children are more likely than those without children to have unpaid medical bills. Medical…
Why is Chapter 13 Bankruptcy a Bad Idea?
February 24, 2023
Bankruptcy laws exist for those whose debt has become unmanageable. Whether it’s bad fortune or financial irresponsibility, filing bankruptcy does provide the opportunity to alleviate the debt. In the United States system, the two most common types of bankruptcy are Chapter 7 and Chapter 13. In Chapter 7 bankruptcy debtors can erase debts with an…
Commercial Debt Management: What Business Owners Should Know
February 21, 2023
Running a business is not an easy task. Business owners have their hands full at all times. They have to keep their products competitive, stay on top of today’s financial market and keep the bills paid. Needless to say, the responsibility of keeping a business afloat is overwhelming. Many times a business owner runs into…
Chapter 7 Bankruptcy Means Test
February 14, 2023
When debt becomes completely unmanageable people often consider the option of bankruptcy. Chapter 7 bankruptcy, which wipes away much of an applicant’s debt, is the most extreme and often best solution for those who are facing serious financial problems. Unfortunately, the courts don’t allow just anyone to get a Chapter 7 bankruptcy discharge. An applicant…