Author: wflawredesign

When you need to consider bankruptcy, you need to take into account all of the ramifications of such a decision. One of the most important decisions you will make is who will represent you in court. The choice of an attorney is critical, so you must select the right one for your specific situation. Discover the steps of hiring a bankruptcy attorney so that you can make an informed decision.

1. Determine Which Type of Bankruptcy Is Appropriate for Your Situation (more…)

The decision to file for bankruptcy protection is certainly a big one, and it’s rightly a primarily financial decision. But a borrower using bankruptcy gets more than just help with their financial obligations. You also get nonfinancial benefits that could be just as helpful as the financial ones. What are some of these nonfinancial aids? Discover a few of the most important you can look forward to.

1. Freedom From Harassment (more…)

One of the most common reasons that many Americans turn to bankruptcy is the accumulation of medical debt. When faced with rising medical care prices and insufficient insurance coverage, some people find their other debts and financial problems growing as well.

Can bankruptcy help resolve your medical debt load? What challenges can bankruptcy cause for medical debt? And where should you start? Learn the answers to a few of your most important questions about medical debt and bankruptcy.

Does Bankruptcy Discharge Medical Debt? (more…)

While most Americans don’t enjoy having to work with the IRS on any issues, some of those issues are simply too complicated for the average taxpayer to successfully manage on their own. In this case, a tax attorney can be the best investment the taxpayer will make. Read on to learn five times you might have an IRS problem and need the help of a skilled tax attorney.

1. Filing Old Tax Returns (more…)

The discharge of qualifying debts is generally the most important part of bankruptcy protection. But what about a borrower whose debts are not eligible, are unlikely to be discharged, or have collateral they’re not prepared to lose? Should you still file bankruptcy if your particular debts may not be discharged? The answer is often yes. Here are five ways you may still find relief.

1. Some Discharge Frees Up Money (more…)

Wage garnishments to someone living paycheck to paycheck can easily take away the ability to keep up with other financial obligations. The struggle to stay on top of debts and keep a home or feed a family can become overwhelming. You can’t always stop a garnishment, but bankruptcy can make it easier to live comfortably.

Debtors often find themselves unable to meet their basic needs when they experience a garnishment due to three common types of debt. Student loans, child support, and excessive medical bills are a problem for many people. Bankruptcy can help in these instances but in different ways. Discover what anyone facing a garnishment should know.

1. Unpaid Medical Bills (more…)

Have you failed to file income tax returns for a few years? For many taxpayers, a single missed year can accidentally turn into several missed years. There may or may not be immediate consequences, but many find it hard to get back on track. If you’re in this position, here are four things you should know about filing old taxes.

1. You Can Still File (more…)

Filing for bankruptcy involves gathering a lot of information together, reading a lot of material, and completing a variety of steps. The primary function of most of this work is to come up with the correct numbers for four specific calculations. What are these calculations? And what do they mean for you? Here’s what you need to know.

1. Dischargeable Debt (more…)

Unless you’ve already been through the process, you may not know much about bankruptcy. It can be a sensitive subject, and many believe that it is only reserved for financially swamped people. However, anyone can experience financial stress, and bankruptcy is a great way to overcome financial potholes. If you would like to learn more, check out these three myths.

1. Myth: Only Financial Failures File Bankruptcy (more…)

What would you do if you found yourself in a tricky financial situation that prevents you from paying your debts? While many view bankruptcy negatively, it is a perfectly fine form of debt relief and might be your only alternative. However, filing for bankruptcy can come at a cost. Therefore, you will need to decide whether or not bankruptcy is the right decision for your specific situation.

Below is a guide explaining the pros and cons of filing for bankruptcy.

Pros of Bankruptcy (more…)