When is Filing for Personal Bankruptcy the Best Option?
Most adults have been in debt before and are familiar with how stressful even a small amount of debt can be. Once you’re in debt, it can be difficult to get out of, and it can start to go quickly, making it impossible to fix. If you have uncontrollable debt and don’t know what to […]
What Assets Can I Keep if I Go Bankrupt?
When you have serious debt, you might be at the point where you’re considering filing for bankruptcy. Thousands of people do this every year to get relief from debt, which can be extremely beneficial. While bankruptcy can help you after a tough time, it is a big decision to make, and there’s a lot that […]
Why Can’t You File Bankruptcy on Student Loan Debt?
Over 40 million Americans currently have student loan debt, which totals to over one trillion dollars. This creates a huge burden for young adults as they graduate from college and begin their careers that could stay with them for years as they try to pay it off. With so many people struggling due to student […]
What About Child Support While in Bankruptcy?
It’s extremely easy for a person to fall into debt, and once it happens, the debt can start growing quickly, making it harder and harder to pay off. There are many types of debt people experience, like credit card debt, student debt, and medical debt. When debt gets too much for someone to possibly handle […]
Is it Better to Pay Back Credit Cards or Go Bankrupt?
Many of us have been overwhelmed by credit card debt at some point in our lives. Sometimes we might overindulge and use credit cards for things we don’t really need, but often, people rely on credit cards to pay for their basic necessities when there in a tough spot. Credit card debt is sometimes unavoidable […]
What Is the Job of a Bankruptcy Attorney?
Life’s monetary obligations can sometimes get so burdensome that we simply can’t pay down what we owe. As the months become years, some people realize that they need some major help to get out from under their debts. Fortunately, the federal government has a process in place to help people who are being crushed by […]
What Happens When You File for Bankruptcy?
Most of us have struggled with our finances in the past, even those who do everything they can to be financially responsible. It’s hard to find someone who hasn’t had financial difficulties or experienced debt at some point. There are many reasons why a person might fall into debt, and it can grow quickly and […]
Your Guide to Bankruptcy Law
If the idea of filing for bankruptcy intimidates you, know you are not alone. We hear it all the time at JPPLAW: people know they owe debts they can’t repay and that declaring bankruptcy can help them, but they don’t understand the process. And because they’re confused, they don’t proceed. Although bankruptcy certainly has plenty […]
Weigh the Costs and Benefits of Bankruptcy
If you’re considering filing for bankruptcy, you’re far from alone. Many people might not realize just how common bankruptcy is for individuals, but thousands of people do this every year to help themselves get out of debt. Bankruptcy can sometimes seem like a negative thing, but debt can happen to everyone, and in many cases, […]
What is the Difference Between Bankruptcy and Insolvency?
The world of bankruptcy is filled with jargon that the layperson might struggle to understand. At JPPLAW, we know that the decision to declare bankruptcy is often filled with much stress and feelings of being overwhelmed. So, the fact that the terminology can also be confusing only adds to the distress of the situation. Given […]
