By Jeff Field | Published May 30, 2019 | Posted in Personal Bankruptcy | Tagged Tags: Ch. 13 bankruptcy during bankruptcy, Ch. 7 bankruptcy during unemployment, unemployment and bankruptcy | Leave a comment
A job loss can wreak havoc on your personal finances, especially if you’ve recently dealt with unexpected expenses or you have not built up an adequate cushion to protect you in case you go several months or more without income. Losing a job is one of the most common reasons why people end up filing Read More
Read MoreYes, you can keep your house when filing bankruptcy in Georgia. Both Chapter 7 and Chapter 13 provide ways to protect a home. Which option you choose will depend on your circumstances. Filing for bankruptcy is difficult enough considering the stress it can cause and the significant negative effect it will have on your credit Read More
Read MoreWhen you are receiving Social Security Disability (SSD) benefits, you may be understandably concerned that those benefits will be taken away from you if you file for bankruptcy. This issue affects a large number of people. One of the most common reasons why Americans file for bankruptcy is medical bills. In some cases, the health Read More
Read MoreYou’ve worked hard to earn a pension, and you may even rely on it for the bulk of your income during retirement. If you need to file for bankruptcy protection, however, you may wonder what will happen to your pension. Will it be subject to the discharge process? Depending on your circumstances, you may be Read More
Read MoreOne of the questions we frequently receive from our bankruptcy clients is about what effects, if any, an individual’s bankruptcy filing will have on his or her spouse’s financial standing. This is a good question, because many people would prefer to file bankruptcy individually and minimize or completely avoid affecting their spouse. The impact of Read More
Read MoreFiling for bankruptcy will not improve your credit score. At least not in the short run. In fact, filing for bankruptcy will have the opposite effect on your credit. But over time you can increase your score well beyond what you could if stay saddled with debt. How does bankruptcy’s effect on your credit? There’s Read More
Read MoreAs many divorced and separated parents know, child support can represent a significant expense on a monthly basis. The impact of child support payments becomes magnified if you are facing considerable financial strain, whether it’s due to medical bills, losing your job or experiencing any number of other unexpected challenges. Bankruptcy can’t stop child support Read More
Read MoreFor many people, some tough breaks can negatively affect their finances for the long term. Although filing for bankruptcy protection may help, they may find the need to file a second or subsequent time if their financial struggles continue. If you find yourself in this situation, the good news is that you can file for Read More
Read MoreAccording to a 2013 report by CNBC, medical debt is the number one reason why individuals and families need to file for bankruptcy in the United States. That year, “medical bankruptcy” affected about 2 million people, many of whom had health insurance when they suffered the illness or injury that caused their financial struggles. While Read More
Read MoreFor the past four decades, a general rule when filing bankruptcy was that you could not discharge debts for student loans. While this is still usually the case, there may be some situations in which it is possible to discharge these debts as part of a bankruptcy filing. Borrowers must demonstrate that their student loan Read More
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