A Quick Overview of the Bankruptcy Process

A Quick Overview of the Bankruptcy Process

Before you file for bankruptcy, you probably have some questions about the process. There are many laws and guidelines you need to follow, but there is still a basic format for filing. In this article, we will cover the steps of the bankruptcy process to give you a...
The Power of The Automatic Stay

The Power of The Automatic Stay

One of the most important aspects of bankruptcy filing is the automatic stay. We will explore how the automatic stay works for you, as well as the creditors’ option to submit a motion for relief from stay.How Does the Automatic Stay Work?As soon as you file for...
How Lien Stripping Works in Chapter 13 Bankruptcy

How Lien Stripping Works in Chapter 13 Bankruptcy

Bankruptcy is never an easy process. However, it may become the best option for you. In this article, we will explain how lien stripping can work in your favor if you are severely struggling with multiple mortgages. As of now, lien stripping is only possible for...
Bankruptcy and Your Credit Score

Bankruptcy and Your Credit Score

What is a Credit ScoreA credit score is a mathematical algorithm, typically updated monthly, used by lenders and service providers (i.e. utility companies) to determine your character, creditworthiness, and likelihood to make payments on time.Read more on:How my...
Tax Season: Bankruptcy and Income Tax Refunds

Tax Season: Bankruptcy and Income Tax Refunds

Tax season is upon us, and many people think about a fresh financial start this time of yearWhen it comes to filing yearly taxes, it is an opportunity to assess current goals and whether current financial strategies are working efficiently. If you have filed a Chapter...
Wage Garnishments and Bankruptcy

Wage Garnishments and Bankruptcy

If you are considering filing either a Chapter 7 or Chapter 13 Bankruptcy, it is important to understand what happens to any current wage garnishment that you may have. A wage garnishment is a court order that enables a creditor to take money out of your paycheck....