One reason that people sometimes shy away from bankruptcy is because they’re worried that it will mean they can’t get a loan again. They may have plans for their future that include taking out a mortgage loan to buy a home or using an auto loan to get a new car. They...
Month: January 2024
How long does a Chapter 13 bankruptcy take to complete?
Individuals filing for personal bankruptcy quickly have two main options. Unless someone is a business owner, professional fisherman or farmer, they probably need to choose between Chapter 13 and Chapter 7 bankruptcy. Chapter 7 bankruptcy is the faster option, with...
How does bankruptcy impact garnishments and foreclosures?
Bankruptcy plays a significant role in addressing financial challenges, particularly in garnishments and foreclosures. When an individual files for bankruptcy, an automatic stay is immediately implemented. This stay halts most collection activities, including...
Is it easier to clear student loans via bankruptcy than before?
If you have debts you cannot pay, then there is a good chance that student loans make up part of your overall financial challenges. It’s true for vast numbers of people across the country. Traditionally, student loan debt was incredibly hard to discharge through...