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August 2016 Archives

How can Chapter 13 help me get a fresh financial start?

Perhaps the strongest selling point of Chapter 13 bankruptcy is that it gives people what is commonly referred to as a "fresh financial start." You may have heard or read this term and wondered exactly what it means. Well, it is actually a rather all-encompassing phrase which refers to many aspects of the rebuilding process of your financial well-being.

Will my Chapter 7 bankruptcy trigger a tax audit?

Sometimes it is the fear of the unknown that keeps us from pursuing a course that is going to serve us well in the long run. And there is nothing that can provide more uncertainty than having severe financial challenges. When such is the case, it can be in your best interests to seek a fresh financial start by filing for Chapter 7 bankruptcy.

What routine steps can be taken to help reduce debt?

If you are in severe debt, you may be shaking your head and wondering how such a thing could have happened. The fact is, debt can build and grow to such proportions that you may feel you will never get back to the break-even point. This is certainly a scary proposition, but you may be able to make some personal adjustments that will get you headed in the direction of solvency.

Bankruptcy is an accepted, effective way to deal with debt

So often, people base their beliefs on perceptions, opinions or biases, rather than facts. And while is important to have a strong belief system, it's also important to keep an open mind because things do change over time. Take for instance, how the general opinion of bankruptcy has changed over the years.

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