Bankruptcy can offer financial relief, but it can also impact professional licenses. Professionals in certain fields may worry about how bankruptcy affects their ability to continue working. Understanding these effects is crucial before deciding to file. Reporting...
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What rights do co-signers have in secured loan bankruptcy?
Has the risk of co-signing a loan ever crossed your mind? Co-signers may be in a vulnerable position due to the intersection of state and federal bankruptcy regulations. Co-signer liability in bankruptcy When the primary borrower files for bankruptcy, the co-signer’s...
What does bankruptcy not cover?
Filing for bankruptcy can offer a fresh start for those drowning in debt, but it doesn't wipe the slate completely clean. Understanding what bankruptcy does not cover is crucial for managing expectations and planning your financial future. Non-dischargeable debts Some...
When should I consider bankruptcy?
Dealing with debt can be a stressful and daunting experience. Some people manage to successfully emerge from debt on their own. However, some debt situations can be impossible to manage, in which case you may consider filing for bankruptcy. While bankruptcy is not for...
How does a Chapter 13 repayment plan work?
If debt is overwhelming you and you think bankruptcy may be an option, Chapter 13 bankruptcy could offer you the path to solvency that you are looking for. A Chapter 13 repayment plan allows you to pay off a portion of your debt over three to five years while keeping...
Does bankruptcy eliminate medical debt?
Medical debt can be a significant financial burden, especially when unexpected health issues arise. It is not uncommon for individuals to accumulate substantial medical bills due to surgeries, hospital stays or chronic health conditions. When facing overwhelming...
Does bankruptcy’s automatic stay stop creditor harassment?
Many people in California struggle to stay on top of their bills, and if you count yourself among them, you may be seeking a way to dig yourself out of debt. You may, too, find yourself facing calls and communications from creditors attempting to collect the money you...
Data reveals the dangers motorcyclists face
As a motorcyclist, you have to look out for a number of risks on the road. From inclement weather and reckless drivers to rush-hour traffic, various factors could increase your chances of becoming involved in an accident. Unfortunately, when a larger vehicle collides...
Handling your finances after a bankruptcy
Bankruptcy can disrupt your life and trigger lingering consequences unless you take charge right away. There are strategies you can implement to strengthen your finances and rebuild your wealth. The sooner you take control of your situation the more effective you will...
Will you lose your tax refund if you file bankruptcy?
If you have substantial debt, bankruptcy may be your only means of getting out of it and of obtaining a fresh start. If you have a large tax refund coming, you may plan to use it to celebrate your new, debt-free status. Unfortunately, tax refunds are bankruptcy...