Bankruptcy can be a valuable tool to stop a lawsuit. It depends, of course, on what kind of bankruptcy you file and if your debts are dischargeable or nondischargeable. Many people file what is called a preemptive bankruptcy where they file after being sued by a creditor but before a judgment is actually entered… Continue reading Bankruptcy to avoid lawsuit
Tag: automatic stay
Bankrupt and over 65?
According to a recent report from the Institute for Financial Literacy, bankruptcy filings are on the rise among older Americans. In the past, most retirees who file bankruptcy have been driven into financial ruin by unmanageable medical bills. These days, however, its more likely to be credit card and other consumer debt. Credit card interest and… Continue reading Bankrupt and over 65?