Under bankruptcy law, married couples can file a joint bankruptcy petition. But, it is not typically the best option for many couples. Sometimes, it makes sense for married couples to file for bankruptcy jointly. However, it can be hard to do since both spouses must include their income in the individual bankruptcy. On the other
Do Married Couples Have To File For Bankruptcy Together? Read More »
When you make a loan or debt to a creditor, it would require you to have a co-signer (like your parents) who are accountable for paying back the debt if you cannot do so. Let’s say you go bankrupt amid your payments. What will happen to your co-signer? Will the creditor sue them? Let us
Can Creditors Sue Co-Signers On Credit Card Debt, A Car Loan, Or Student Loans? Read More »
People who find themselves filing for bankruptcy for the first time often imagine being left with nothing more than the clothes on their back when the process is complete. But nothing could be further from the truth. The goal of the bankruptcy process is not to punish you – otherwise it wouldn’t allow you to
What are the available exemptions in the bankruptcy filing? Read More »
Having to declare bankruptcy can feel like you’ve made a series of financial mistakes you’ll never recover from. The entire process seems to be surrounded by doom and gloom. Instead you’re being provided with the opportunity to have a clean financial slate in just a few short years, and the United States is one of
When Can I Get a Mortgage After Bankruptcy? Read More »
We tend to have this idyllic image of what retirement looks like. It’s one of playing with your grandkids, enjoying leisurely holidays and living the life you want. After all, shouldn’t you be able to live out your Golden Years as you see fit after working your whole life? Unfortunately a growing number of senior
Bankruptcy Filing Booms Among Older Americans Read More »
The stereotypical image of a bankrupted person is a forty something who lived beyond their means their entire life. Somebody who has spent their hard-earned money on frivolous things like sports cars and exotic holidays until they finally ran out of money and had to petition the bankruptcy court to bail them out. You’d never
The Reasons More Older Americans Are Filing For Bankruptcy Read More »
When you file for bankruptcy you are petitioning the US court system to assist you in resolving your financial woes. This is one of the many rights afforded to you as a US citizen. Unfortunately, some people view the bankruptcy process as an opportunity to not only discharge their debts, but to walk away from
Bankruptcy Fraud – Discover Exactly What Judges Are Looking For Read More »
You invested a lot of time and effort in choosing your home and then making it your own. That’s why it’s so difficult to imagine not being able to live there because you have to declare bankruptcy. But petitioning for bankruptcy doesn’t mean you’ll lose your home, especially if you file for Chapter 13 –
Keeping Your Home In A Chapter 13 Bankruptcy: What You Need To Know Read More »
Having missed mortgage payments is not something most people expect to have happen when they first buy their home. In fact, nobody ever signs up for a mortgage thinking they’ll ever miss a payment. But even more worrying is the fact that you might be facing foreclosure on your home in the near future because
How Fast Can a Bank Foreclose in New Jersey Read More »
Finding yourself in financial trouble can be a bitter pill to swallow. There’s a lot of personal shame involved, and then there’s the perception that you’re not able to manage your money properly. After all, you don’t want your personal affairs made public, with people you barely know asking you about your financial status. So,
If I file for bankruptcy, will everyone find out? Read More »