Filing Chapter 7 may be intimidating at first because it is a liquidation process, which means the court can seize your assets and sell them to repay your debts. However, the court does not want to leave you destitute after your bankruptcy. The goal is to help you get...
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Month: September 2020
What is bankruptcy liquidation?
Chapter 7 bankruptcy processes may give you options for paying back your creditors when you no longer have a source of income or your debt far outpaces it. According to the United States Courts, both individuals and companies may file for this type of bankruptcy once...
Can Chapter 13 save your home from foreclosure?
If the recent economic downturn hit you hard, you may face serious financial difficulties that put you in fear of losing your home to foreclosure. You consequently may wish to consider filing Chapter 13 bankruptcy. Why? Because as US Courts explains, Chapter 13 can...
What is a secured credit card?
If you have just filed for bankruptcy, a credit card is likely the last thing that you need or want. However, not all credit cards are equal, and some of them can be a great tool to help you rebuild your credit score in the aftermath of filing bankruptcy. Secured...
