Tag Archives: file for bankruptcy
Filing for Bankruptcy can Immediately Relieve Creditor Collections
Among the many benefits that come with filing for bankruptcy is stopping creditor collections. Once you file your Chapter 7 or Chapter 13 bankruptcy petition a special court injunction—known as the automatic stay — halts creditors from coercing you to pay on your debt. With few exceptions, most any creditor that you name on your […]
Family Matters: Discussing Financial Hard-Times with Your Kids
Try as you may, but you cannot cover up your money problems. Everyone around you will be affected by your stress and other symptoms. The stress associated with financial struggles can be overwhelming to you and your children, no matter what their age. A parent’s natural instinct is to shelter children from difficult situations. Resist […]
Does My Spouse Have to File Bankruptcy Too?
The simple answer is no. Only one spouse has to file for personal bankruptcy. However, there are a number of qualifications to this rule. First, if you are considering filing bankruptcy alone in order to conceal the high salary of your spouse, stop right there. As a married bankruptcy petitioner, you will be required to […]
Will I Lose My Retirement if I File for Bankruptcy?
One of the questions Harold Shepley & Associates receives is, “Will I lose my retirement accounts if I file for bankruptcy?” You’ll be glad to hear that the answer to this question is “No.” When filing for Chapter 7 or Chapter 13 bankruptcy, you can keep your pension and retirement plan, with a few exceptions […]
Top Ten Largest Bankruptcies in History
If you are going through a bankruptcy or even just considering it, you might feel very alone. However, you’re not. More than a million Americans file for personal bankruptcy every year. Big companies and even cities and governments file for bankruptcy all the time. Here’s a list of the ten biggest company bankruptcies in […]
Bankruptcy Consultation – What You Need to Know
So, you’ve made an appointment for a consultation with a bankruptcy lawyer. Congratulations on taking the first step towards financial freedom! After you take some well-earned time to pat yourself on the back, you should start prepping for your visit. Do not go to your consultation meeting empty-handed. The more prepared you are, the more […]
Avoiding Mistakes After Bankruptcy
Once you have gone through the bankruptcy process, and come out safely on the other side, remember that you’re not quite done yet. There is still work to be done in getting on the right financial track. Bankruptcy can be a great opportunity to develop new, good financial habits and avoid some known credit pitfalls. […]
