How Many Times Can You File Bankruptcy?
In 2006, American Bankruptcy Institute found out that about 8% of bankruptcy filers usually file bankruptcy again. Therefore, if you find yourself in a financial situation you cannot resolve, know that you’ll not be the first to file for bankruptcy twice or even thrice. But how many times can you file bankruptcy? At JPP Law, we know […]
What is the Downside of Filing for Bankruptcy?
While filing for bankruptcy brings a lot of relief and benefits, including giving you a fresh financial start, it’s good to understand the other side of taking this course to resolve your drowning financial situation. Most people are blinded by the good of the deal, and especially the speed with which Chapter 7 bankruptcy can […]
How Long Does Bankruptcy Stay on Your Credit Report?
Individuals who file for bankruptcy often wonder how long it will impact their credit. The good news is that bankruptcy doesn’t destroy your credit forever. It won’t leave a permanent black mark on your finances. At JPP Law, we know all too well that bankruptcy can impact a person’s credit for up to ten years. […]
What Is the Best Advice for Chapter 7 Bankruptcy?
Those in financial distress may consider Chapter 7 bankruptcy as a way out. However, you need to understand the consequences of the step you are about to take before making a final decision. What is the best advice for Chapter 7 bankruptcy? This article will guide you on some key bits of advice and facts […]
Why Do You Need A Bankruptcy Attorney?
Filing for bankruptcy involves several precise steps that must comply with federal rules and regulations. If you are wondering, “Why do you need a bankruptcy attorney?” it’s because people who file on their own are more likely to make costly errors, and it is vital to get your financial data correct. A bankruptcy attorney from […]
What Does It Mean to File for Bankruptcy?
People in financial distress need to understand the bankruptcy process. When individuals or businesses can no longer pay their debts, bankruptcy offers them a way back to financial stability. However, the process is complex and can be confusing without an expert there to guide you. What does it mean to file for bankruptcy? It involves […]
What Happens When You Go Bankrupt?
Although bankruptcy is a last-resort option for financial hardship, it’s an unfortunate circumstance for many Americans. Roughly 97% of bankruptcies filed in 2021 came from individuals, not businesses. But what happens when you go bankrupt? Continue reading for more information on that. What Is Bankruptcy? By definition, bankruptcy is the inability to pay back […]
Are You Bankrupt Because of Your Student Loan?
If you are struggling with student loans, filing for bankruptcy may be a favorable option. This move will discharge your debts and help you rebuild your financial health. However, you should familiarize yourself with the process before filing. JPP Law has compiled the important information you need to know about student loan bankruptcy. Our attorneys […]
Why Is Filing Bankruptcy Considered a Bad Thing?
Many people think bankruptcy is the worst decision they ever have to make, no matter their situation. However, this is a common misconception for several reasons. Our attorneys in Wilkes Barre, PA, believe that bankruptcy can lead to a fresh new start if you go through the process with a trustworthy and experienced legal team […]
Can You Have a Debit Card If You Declare Bankruptcy?
When you file for bankruptcy, creditors are supposed to stop withdrawing money from your accounts. However, human error and communication delays can slow the process and result in unnecessary money loss. Many wonder, “Can you have a debit card if you declare bankruptcy?” Most banks will permit you to keep a checking account and debit […]
