Among all of the problems that people deal with on a daily basis, financial issues are perhaps the most frightening. When your financial troubles begin to pile up, it’s time to reconsider your current spending habits and do what’s best for your future. If you think it’s time to file for bankruptcy, you need to …
What Happens When a Small Business Owner Needs To File for Bankruptcy?
Chapter 11 bankruptcy is often what you hear about in the news when big companies “go under,” and in fact, few small businesses want to file for bankruptcy under Chapter 11. Because this type of bankruptcy is designed mostly with big corporations in mind, the process can be riskier for small businesses to go through. …
A Quick Guide to Chapter 13 Bankruptcy
Filing for bankruptcy is a big deal, as you already know. On the one hand, it may be the only option you have. On the other, the consequences of bankruptcy can last for years upon years. Luckily, filing for Chapter 13 bankruptcy instead of Chapter 7 can help mitigate these consequences. Here’s what you should …
Chapter 7 Bankruptcy: The Essentials You Need To Know
There were over 900,000 total bankruptcy filings in the U.S. in 2014, but it might come as a surprise that the overwhelming majority of these cases (97.3%) were personal bankruptcies, while only 2.7% were business bankruptcies. It’s common for people to think that businesses declare bankruptcy much more often than individuals simply because these cases …
The 7 Common Causes of Personal Bankruptcy Claims
Filing for bankruptcy is, unfortunately, becoming all too common for Americans today. One common misconception is that anyone who files for bankruptcy is simply unable to manage their money, but here are a few other reasons (many of them more prevalent than bad budgeting) that bankruptcy lawyers work with so many people each year: Unpaid …
Not All Lawyers Are Created Equally: Why Attorneys Matter for Your Case
If there’s one term in the English language that is so often misunderstood, it’s likely the term “attorney.” Most people tend to wonder whether an attorney is the same as a lawyer, especially if they may need to hire a legal team in the future. Attorney and lawyer are both terms that apply to those …
These 2 Sets of Circumstances Necessitate the Best Legal Teams
Whether you’ve suffered an injury or had major financial setbacks, you don’t need to deal with these issues alone. This is especially true if insurance companies aren’t helping you or if debt collectors are harassing you. In the event that you’ve been hurt physically and/or financially, you’ll need the best legal team on your side …
Donald Trump Thinks You Should File Bankruptcy
In a recent stream of Tweets, Donald Trump has praised filing bankruptcy as a good and commonly used business tactic that is even used among some of the largest and most successful businesses. On his Twitter, Trump himself admitted to using bankruptcy laws to make of the best of deals and to aid companies in …
From Personal Injury To Bankruptcy: A Slippery Slope
With so many factors at play, recovering costs for anything is a challenge. Sometimes, asking for help can be even harder. Fortunately, we’re here to help clarify why finding a lawyer is an important step in the right direction. It can be a slippery slope from personal injury to bankruptcy and it’s important to know …
How to Find a Bankruptcy Lawyer Who Actually Cares
Bankruptcy is a common legal issue that is rising steadily. In fact, personal bankruptcy filings have increased by 600% in California since 2006. About 8% of people filing for bankruptcy have filed before, and over 60% of bankruptcy filers earn under $30k annually. People in this boat need a dedicated bankruptcy lawyer who won’t break …
