Perhaps you are considering filing bankruptcy and want to know if it will help you solve your financial problems and achieve your financial goals. Or, perhaps you simply want to know more about bankruptcy. An experienced bankruptcy attorney sets forth the basics in this guest post: What Can Filing Bankruptcy Do For Me? You Harness the Power of the Automatic Stay The instant you file a ...
bankruptcy
How can a bankruptcy lawyer help you?
Bankruptcy is a legal status for which any American or business can file when they are in the worst financial state possible. People and enterprises can opt to file bankruptcy if they cannot repay their debts. The constitution allows two types of bankruptcy: Chapter 7 and 13 bankruptcy. Chapter 7 allows debtors to liquidate your assets to cover your liability, while chapter 13 creates a structured ...
What is an IVA? – 10 things you need to know
There are many reasons why you might be in debt: general overspending, unforeseen expenditure or personal tragedy. You will know best what your personal circumstances are, so I don’t want them to take focus at this post. This post shall concentrate on one of the options you have when you are in serious debt, IVAs. An IVA, short for Individual Voluntary Arrangement, is a fixed repayment plan that ...