If you're considering declaring bankruptcy, we realize this is not an easy decision for you to make. However, you are not alone in making that decision. If you’re like many other business owners (small and large), staying on top of your business debts and keeping your doors open has proven to be a struggle in this…
Deciding to file for chapter 7 bankruptcy relief is not an easy decision to make; however, it could give you an opportunity to rebuild and manage your finances more effectively. You can take simple steps to reduce the likelihood that you will not need to file for bankruptcy again. 1. Keep Your Credit Cards Below…
In late 2005, the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 was enacted into law. Among other things, this act requires a "means test" to see if debtors qualify for Chapter 7 bankruptcy relief. The means test examines your monthly income and expenses and compares them to the median income in and around…
Deciding whether bankruptcy is the best choice for your personal situation, is not an easy decision to make. Individuals seek bankruptcy relief for a number of reasons. As you consider filing for bankruptcy, ask yourself the following questions: Are you receiving threatening notices from your creditors? Are you on the verge of foreclosure? Have you…