If you’ve ever considered filing bankruptcy, you’ve probably wondered, “What are the benefits to filing bankruptcy?”. This is an important question to ask, and one we are happy to answer. The benefits can be divided up into six different sections.
So good news, filing bankruptcy will not affect immigration status, green card or the ability to apply for US Citizenship. The only way it could possibly affect these processes, is if it is found later that you had lied in your bankruptcy case under oath, or left out information in the bankruptcy petition,
Before your consultation take a moment to refresh yourself on your current financial situation. How much debt are you in? How much is credit card debt? Student loans? Medical debt? What are your biggest financial assets? Have a general idea so that you can relay this information with a bankruptcy attorney in your consultation appointment.
Ultimately, the point is that anyone can find themselves in a tough spot financially. The great news is that they can also rise above those circumstances and get a fresh start. If you are struggling financially, remember you can start over and bounce back.
It does not really matter how you came to your current situation of financial hardship; the most important thing is what step you will take next. It’s possible that bankruptcy may be the best choice for you or it might be a bad decision. I suggest you take the next step and contact an experienced bankruptcy attorney to learn your best option.
Receiving a discharge of debts after filing bankruptcy can be a huge relief, but sometimes it might be only a temporary reprieve. As the years pass, the bills might start piling up again, and unexpected events like illness or layoffs can overwhelm your finances all over again. In these circumstances, the question “how often can you file bankruptcy?” is relevant.
Filing a Utah bankruptcy in retirement is a legitimate effort to rid oneself of oppressing debt that cannot be tackled on a fixed income. Being stuck with a lot of debt in retirement is challenging
When you file for bankruptcy, your bankruptcy case does become a public record. No matter the type of case Chapter 7 or Chapter 13 it can be part of a public record. However that doesn’t mean that it’s simple, free and easy to get the information for your family and friends to look at whenever… Continue reading Are bankruptcy cases public record
Why does bankruptcy happen? Bankruptcy occurs when you are insolvent and can’t afford to pay off your debts. It is also the process of seeking legal advice from an attorney and from getting legal relief from your debts, and protection from your creditors. It can be the result of a lot of credit card debt,… Continue reading Why does bankruptcy happen
So if the goal of a bankruptcy is a discharge, then the question is, when bankruptcy ends. Most people think that a bankruptcy usually end when you are discharged. But the case is not technically over at that point. The court will grant a discharge in a Chapter 7 bankruptcy case usually within about 120… Continue reading When bankruptcy ends