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Does Bankruptcy Affect Your Credit Score?
Friday, May 25th, 2018How Bankruptcy Affects Your Credit Score Bankruptcy is one of the worst things that you can have on your credit report. In fact, you can expect your credit score to drop anywhere from 160 to 220 points. Even if you had a good credit score before filing for bankruptcy, your credit score will likely be… Read more »
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Is There Life after Bankruptcy?
Monday, May 21st, 2018If you have found yourself in a situation in which you are going to file for bankruptcy, you could be concerned that life, as you know it, is over. In some ways, this is the case; for example, you will no longer have to worry about creditors calling you and harassing you about debts that… Read more »
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Even the Rich File for Bankruptcy
Friday, April 27th, 2018Many people think that the only people who file for bankruptcy are those who have low-income and middle-income. However, rich people often find themselves needing a Brooklyn bankruptcy attorney as well. There are many reasons rich people have to file for bankruptcy. Monthly Expenses Too High Many rich people live above their means. They may… Read more »
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What Not to do before you file for Bankruptcy!
Tuesday, April 24th, 2018If you are thinking about filing for bankruptcy, then you have probably been given a list of things that you should do. There are also some things that you will need to avoid. If you make a mistake during the bankruptcy process, then you may not be able to get your debts relieved. You may… Read more »
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Why You Shouldn’t Hide Assets During your Bankruptcy
Friday, April 20th, 2018A New York City bankruptcy requires you to reveal any assets you have to the court. In certain bankruptcy types, assets are used to repay debt if they are not necessary to your survival. There are situations where a person who owns next to nothing will file a bankruptcy claim, and those who are trying… Read more »
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Who Pays the Bills when you File for Bankruptcy?
Tuesday, April 17th, 2018You will be able to eliminate multiple debts at once if you file for bankruptcy. This is a great option for people who have debts that they are unable to deal with on their own. Chapter 7 bankruptcy and Chapter 13 bankruptcy are the options that you have. The type of bankruptcy that you file… Read more »
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What Is Involuntary Bankruptcy Case?
Friday, March 30th, 2018Involuntary bankruptcy is a rare form of bankruptcy. It is a form of bankruptcy that is filed by the creditors. It is not filed by the person who owes the money. Involuntary bankruptcies are typically filed against businesses. Why A Creditor May File Involuntary Bankruptcy A creditor may choose to file for involuntary bankruptcy if… Read more »
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Will Bankruptcy Stop My Wage Garnishment?
Monday, March 26th, 2018Bankruptcy is designed to give you a fresh financial start by eliminating most forms of debt. It can also help you if you are facing action from creditors, including foreclosure, repossession, lawsuits, and wage garnishment. Here is what you should know about using bankruptcy to stop a wage garnishment. Wage Garnishment and Bankruptcy Protection When… Read more »
