If you are already having trouble paying your bills, you might be planning to file for Chapter 7 bankruptcy in the near future. With the holidays right around the corner, you might think it is a good solution to max out your credit cards on holiday spending since you are going to include those balances in your bankruptcy filing….
When people experience financial hardship, their close family members and friends might offer to try to help. However, if you borrowed money from those closest to you, and you still could not get ahead, you might need to file for Chapter 7 bankruptcy. The bankruptcy petition requires that you list all of your debts – and this does mean…
Unexpected medical expenses can create significant financial strain. Even if your insurance covered some of your bills, you may be facing substantial hospital or doctor’s bills and have no idea how to pay them back. Thankfully, bankruptcy may be able to help you eliminate your medical debt and provide you with a fresh financial start. Bankruptcy is not right…
If you are struggling to keep up with your bills, you may be wondering whether bankruptcy can help. While every situation is different, bankruptcy can often eliminate debts and provide a fresh financial start. In fact, many people find that their lives improve immediately after filing bankruptcy and wish they had filed sooner. How Does Bankruptcy Work? Chapter 7…
During the COVID-19 pandemic, the focus for many people has been on avoiding the virus and staying healthy. However, many households have added concerns due to financial hardship. There are many ways the pandemic can create financial difficulties for families, and you should discuss your options for legal relief with a bankruptcy lawyer in Memphis. Loss of Income The…
If you have been struggling to pay your debts, you might hesitate to consult with a bankruptcy attorney. After all, no one likes airing out their financial laundry to others, especially when the situation is dire. However, it is important to know that bankruptcy lawyers in Memphis are committed to helping people find relief from financial stress without judgment….
Many people filed their tax returns on or near the July 15th deadline for 2020, so you might have recently received your tax refund or are expecting it any day now. While having extra cash on hand from a tax refund can be nice, for many people, it will not even come close to helping with overwhelming debt. If…
Chapter 7 bankruptcy benefits many people by erasing much of their debt. However, the bankruptcy process requires debtors to give up non-exempt property for the bankruptcy trustee to liquidate to pay priority creditors. Many consumers hesitate to file a Chapter 7 case because they worry that they will lose all their property as a result of their case. It…
In the past year, United States federal courts reported more than 479,000 Chapter 7 bankruptcy cases filed, and over 277,000 Chapter 13 cases filed. While Chapter 7 is the most commonly filed type of consumer bankruptcy, it is not the right choice for everyone. There are many different factors that should be considered when deciding which type of bankruptcy…
2020 will be marked as the year of the COVID-19 (coronavirus) outbreak. With the pandemic has come business closures and Shelter in Place orders throughout the country and the world. While we are all facing this strange time together, some households in the United States are bound to feel the financial burden of quarantine and closures more dramatically. While…
