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November 2016 Archives

How to prepare for the meeting of creditors

While the act of declaring bankruptcy can bring financial relief, the process leading up to it can have stressful moments. One of those difficult times can be the meeting of creditors, although there is usually no reason to be concerned. In the meeting, a trustee ensures all paperwork is accurate and that there is no bankruptcy fraud. To help the process go smoothly, there are many things you should do to prepare.

Helping you decide if chapter 13 bankruptcy is the right choice

If you are considering bankruptcy, you need to determine the best option for your situation. Deciding bankruptcy is the correct way to resolve your financial turmoil is a serious decision. Chapter 13 bankruptcy, also known as a wage earner's plan, could be the right choice for you if you are eligible and weigh the benefits. Before you make your final choice, learn how filing chapter 13 bankruptcy could work for you.

5 bankruptcy myths debunked

Misconceptions surrounding bankruptcy add unnecessary confusion to a situation that is already stressful for many people; just the concept of bankruptcy can seem frightening. There are widespread myths about bankruptcy that need to be debunked so individuals and families make the best decisions for their financial situations.

Filing for bankruptcy because of medical debt

Medical debt is a common reason people find themselves in severe financial turmoil. Overwhelming medical bills can pile up due to longer-term treatments and sudden illness or injury. Some people falsely believe that medical debt can't be eliminated through bankruptcy, but bankruptcy relief can wipe out your medical bills.

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