When you file for bankruptcy, you hope that your financial situation will change for the better in the near future. And when it comes to the automatic stay, you are exactly right. There are several things the automatic stay will do for you, including the following:
Month: March 2016
Do you qualify for Chapter 7? Maybe, maybe not
There are many benefits of Chapter 7 bankruptcy, including the fact that you can discharge most or all of your debt. Furthermore, it typically takes only four to six months for the process to come to its completion. But here is the problem: You may not qualify for...
5 steps to determine if bankruptcy is a good idea
When it comes to personal bankruptcy, you are sure to have many questions on your mind. Most importantly, is this something that can improve your financial situation? Once you learn more, you can decide if bankruptcy is a good idea. Here are five steps to help you...
How does a Chapter 13 bankruptcy work?
A Chapter 13 bankruptcy involves making arrangements to pay creditors according to a bankruptcy agreement. Usually this involves paying less than the total amount owed in a settlement that takes place over 36 to 60 months. You don't actually make the payments directly...