Debtors in Virginia and throughout the country who are struggling to keep up with their bills may be able to take advantage of Chapter 7 bankruptcy. However, there are limits to how many times an individual can file. In most cases, an individual will need to wait...
Month: August 2019
Is your debt nearing the danger zone?
You have debt. This is not unusual. It seems that everyone carries a certain amount of debt, even if it is only a mortgage, car loan and student loan. However, you may find your paycheck does not stretch as far as it once did, and the number of envelopes or email...
More elders forced into bankruptcy
Elderly people in Virginia and nationwide are finding it more difficult to make ends meet. As a result, an increasing number of people are filing for bankruptcy later in life. There are a number of factors that are contributing to the problem, including major...
What not to do when filing for bankruptcy
If you have unmanageable debt, bankruptcy can give you a chance to refocus your finances. By filing for bankruptcy, your debts are forgiven.Now, a few cons. Although the purpose of bankruptcy is to alleviate some financial stress, the process costs money. Ironically,...
Taking on new debt during a Chapter 13 bankruptcy
Virginia consumers who are struggling with insurmountable debt may file for personal bankruptcy in order to find relief. Chapter 13 bankruptcy is available for people with higher incomes than the threshold required for a Chapter 7 liquidation bankruptcy. It has some...
Types of bankruptcy and applying for a loan
People in Virginia who are struggling with debt might wonder whether they should file for bankruptcy and what type of bankruptcy they should file for. They might also wonder whether they would still be able to get a car loan after filing for bankruptcy.There are two...