Bankruptcy, Finance, & Debt Relief Blog

July 26, 2016

Oftentimes people who contemplate filing for bankruptcy are bogged down by debt.  Their focus tends to be that they are broke and have no money to pay their debts, such that assets are an afterthought if a thought at all.

When filing bankruptcy, not only are income, exp...

July 20, 2016

When you owe money to someone else, that is considered a debt. However, owing money is not necessarily a bad thing. Debt can help with large purchases such as cars or houses, as long as you keep a budget and manage your debt.

Debt can become a problem when you are no lo...

July 13, 2016

In a Chapter 7 or 13 bankruptcy, you must attend a “341 meeting," also known as the meeting of the creditors. This meeting typically takes place at a federal building in a meeting room with other debtors, the trustee (who looks over the case.) and in some cases, credit...

July 11, 2016

Unless otherwise indicated, all debts, including vehicle and home loans are personally discharged in a bankruptcy. However, creditors maintain security interests in property. A Reaffirmation is a promise to repay a debt which would otherwise be discharged in your bankr...

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