You may feel like filing for bankruptcy is the lowest place you could be, but it’s just not true, and you aren’t alone. Well over a million Americans file for bankruptcy each year, yet most people don’t know much about bankruptcy. Let’s separate the facts from the fiction. The Most Common Myths About Bankruptcy Bankruptcy…
Chapter 7 bankruptcy
Debunking the 5 Most Popular Chapter 7 Bankruptcy Myths
Bankruptcy is treated almost like a bad word in the U.S., but it really shouldn’t be. You remember that game we used to play when we were kids when someone would say “apple pie” at one end of a long line and by the time the message was passed down to the end it came…
Why Do I Spend Money I Don’t Have to Impress People I Don’t Know?
Money has always had an impact on our social standing. Think of the class system which used to be tradition years back; people segregated into different levels by wealth. You may believe that we’ve broken that system, but that may not be true. Many people still feel a need to spend money to feel ‘better’…
Frequently Asked Questions about Chapter 7 Bankruptcy
Every year, thousands of people file for Chapter 7 bankruptcy, but even then, there are thousands more who should file but don’t. This is often due to the fact that too many people have no idea what bankruptcy is, what it entails, or what it can do for you. So, we’re going to answer some…
What Can I Keep Using Bankruptcy Exemptions in Texas?
If you are thinking that you may want to file for Chapter 7 bankruptcy in Texas, one of your fears is likely that you will have to surrender most or all of your valuable possessions. Luckily, that’s rarely the case. In fact, most people who end up filing Chapter 7 never have to give up…
Why Would I Use Chapter 13 Bankruptcy Instead of Chapter 7?
Chapter 7 bankruptcy is often a great solution for people struggling to cope with large amounts of debt. It’s a much shorter process that Chapter 13 bankruptcy, and doesn’t require you to create and stick to a repayment plan. However, depending on your situation, you may be ineligible to file Chapter 7 bankruptcy, or you…
