Many people hesitate to file for bankruptcy because they worry, “What property will I lose if I file for bankruptcy?” The property that you will be able to keep will depend on which type of bankruptcy that you file and whether you are located in Arkansas or Oklahoma. Each state has its own list of …
A Brief Overview of Bankruptcy
Filing for bankruptcy is a complicated procedure. Because of this, it’s important you do it correctly and invest in the help of bankruptcy attorneys. To help give you direction in filing for bankruptcy, this article is going to provide an overview of the most common types of bankruptcy. Chapter 7 Bankruptcy Chapter 7 Bankruptcy, or …
Looking To File Bankruptcy? An Attorney Could Mean The Difference Between Acceptance And Denial
When bankruptcy is declared, it’s often personal and not a business-related matter. Around 97% of all bankruptcies filed in 2014 were filed under the category of personal bankruptcy, while only the remaining 3% were filed under business bankruptcy. No matter the circumstances, filing bankruptcy can be a difficult process, and more often than not you’ll …
Why A Bankruptcy Lawyer Is A Must!
Filing for bankruptcy is a big decision and shouldn’t be taken lightly. It is there for people who have unmanageable debt and cannot even keep up with minimum monthly payments. Some common reasons for filing for bankruptcy are unemployment, large medical expenses, seriously overextended credit, and marital problems. If it is at the point where …
Increase Your Chances of a Positive Outcome with a Bankruptcy Attorney
During an average year, U.S. Bankruptcy Court statistics indicate that over 1.5 million people in the United States file for bankruptcy. If you’re considering filing a Chapter 7, the potential for having a more successful outcome is 95% when working with a bankruptcy lawyer. One of the benefits of working with an attorney is that …
How to Talk to Attorneys About Bankruptcy
Making the choice to talk to a lawyer about filing for bankruptcy is no easy task, but it is an important one. Your chances of success increase dramatically when working with a legal team. In fact, Chapter 7 bankruptcy claims filed through attorneys have a 95% success rate. However, you also need to know how …
5 Questions to Ask Your Legal Team About Bankruptcy
The decision to file a bankruptcy claim is not an easy one, which is why it’s all the more important to have a competent, trustworthy legal team on your side. Most bankruptcy attorneys will offer a free initial consultation, during which time you should come prepared to ask some important questions. The answers will not …
Filing For Bankruptcy? 5 Reasons Why You Need a Bankruptcy Lawyer
If you’re thinking about filing a bankruptcy claim, you may be wondering whether you need to hire a bankruptcy lawyer or whether you can handle it on your own. When you file for bankruptcy, hiring a bankruptcy attorney can help you navigate the complicated legal system and can ultimately help you achieve the result you’re …
Bankruptcy Myths: Debunked
When you file for bankruptcy, it can be hard to know where to start. It’s important to educate yourself on the subject, but you also need to sort the truth from the fiction. Here are some top bankruptcy myths, debunked. Myth: You cannot file bankruptcy if you have a job. Reality: Chapter 13, the most …
How to Get Back on Your Feet After Bankruptcy
It can be easy to feel hopeless if you’ve recently had to file for bankruptcy, especially if you let popular stigmas and stereotypes get to you. Bankruptcy suffers the unfortunate reputation as a last resort for the truly desperate, or an indicator of untrustworthiness and lack of responsibility. That’s a shame, since the truth is …
