Bankruptcy Challenges When You Own A Business

30 October 2017
 Categories: , Blog

Until the 19th century, if you owned a business that was forced into bankruptcy, you were held personally responsible for the debts. That meant that your business debts would wipe out your personal finances and even land you in prison. After the invention of the Limited Liability Company (LLC), owners were no longer automatically at risk for losing their personal fortunes. Today, if your business is in dire financial straights, you can file bankruptcy without too much risk to your personal finances. Read More 

One Wiley Creditor: Payday Loans And Bankruptcy

4 September 2017
 Categories: , Blog

Payday loan stores do present a great way for some people to get cash quickly in an emergency situation, as long as the recipient has a good understanding of the fine print and how the fees and "rollovers" work. These loans are often targeted toward those who are undergoing not just a temporary financial emergency, but a financial meltdown. For those unable to make good on the check, it could mean taking out loan after loan with fees accumulating into infinity. Read More 

Why Credit Counseling Is Required When Filing Bankruptcy

17 August 2017
 Categories: , Blog

If you are thinking of seeking help from a bankruptcy lawyer for debt relief, one thing the lawyer will talk to you about is credit counseling. Everyone that files for bankruptcy must complete two credit counseling courses, and this is required for a reason. Here are several important things to understand about this requirement in bankruptcy. The Timing of the Courses The first thing to understand is that you must follow the timing requirements for these courses when filing for bankruptcy. Read More 

Making Your Debts Stay Away: The Bankruptcy Automatic Stay

5 April 2017
 Categories: , Blog

If you have become increasingly alarmed at the state of your financial situation, you may be considering taking the big step and declaring bankruptcy. It isn't easy dealing with the constant phone calls and letters from debt collectors when you are unable to pay your bills on time, especially after working hard at your job all day. The act of filing for bankruptcy can put an end to debt collection and more with something called the automatic stay. Read More 

Can Bankruptcy Help You Emerge from Delinquent Child Support?

24 May 2016
 Categories: , Articles

Whether you lost your job and couldn't find another position at the same pay level or incurred hefty medical bills that kept you from paying other debts until you'd recovered, you may have fallen behind on your child support obligations over the years. Owing back child support can affect you in a number of ways, from garnishments to tax intercepts, and may even prevent you from being offered certain types of jobs. Read More