Frequently, during free initial bankruptcy consultations, I spend the majority of my time talking about a potential client’s options outside of bankruptcy. The key step, whether a bankruptcy filing is appropriate or not, is spending time to create a budget. After you have accurate budget information, I recommend asking yourself whether you would be able…
Almost every Chapter 7 bankruptcy client I meet with expresses concern over not paying back their corporate creditors (credit card companies). Meanwhile, their family cuts back on necessary medical care, healthy food, and contributions to retirement accounts. If you are having a hard time financially and share this concern, please read this article from the…
Nobody wants to file a bankruptcy case. For many people who have been struggling, a bankruptcy case represents horror and shame. They continue to struggle month after month to make ends meet, paying high credit card interest or small payments to collection companies. Eliminating debt through a bankruptcy filing would immediately change where their money…
I see clients all the time who have become aggravated by the short sale process because right when they think they have a deal, their mortgage company changes the terms again. It feels like a hopeless situation waiting on the bank to sign off to let the client move on with their life. I have…
Yes, you can. An Asheville Bankruptcy Lawyer can explain your choices, and make a recommendation on the best strategy for you. If the collateral is real estate and your payments are current on the date that you file the Chapter 7, and your equity in the collateral is covered under the exemptions ($35,000 per spouse…
Most people who file for bankruptcy already have poor credit because of debt and late payments. A bankruptcy filing will stay on your credit report for up to 10 years. But, by discharging debt, your credit score can actually improve. Lending institutions know that an individual cannot file for a Chapter 7 bankruptcy for 8…
Not only can you save money, but saving money and stashing it away for a rainy day is something you should do after your bankruptcy. Filing a bankruptcy by itself is not a solution to financial difficulty, but it can give you another chance at financial health. Sometimes bankruptcy is inevitable because of a huge…
Although there is no absolute answer to this question, bankruptcy helps folks who are having trouble paying their bills. If you are saddled with debt and unable to meet your monthly obligations, and your future earnings realistically are not likely to improve dramatically, bankruptcy might be appropriate for you. Bankruptcy might be a way for…
Although I help consumers file bankruptcy for a living, the first thing I do at our free consultation is search for ways to avoid a bankruptcy filing. Some folks are in a situation where bankruptcy alternatives are their best option. Unfortunately, a bankruptcy filing often becomes inevitable for people who wait too long before getting…