Bankruptcy in 2021: Advantages and Disadvantages
If you’ve been struggling with severe debt, you might be wondering if filing bankruptcy may be able to help. Many people don’t know whether or not filing for bankruptcy is worth it or if it will help with the debt they have. Bankruptcy comes with advantages and disadvantages, and it’s important to understand what these […]
The Positives of Filing for Bankruptcy
To some, the words “positive” and “bankruptcy” don’t seem to make sense together. The negative view some people have about bankruptcy, though, is often a matter of misconception. Although bankruptcy is experienced in times of difficulty, it is meant to protect individuals suffering from debt and get some much-needed relief. Simply put, bankruptcy doesn’t hurt […]
How to Settle Credit Card Debt Before Going to Court
When times are tough, having a credit card can be a real life-saver. That doesn’t mean it doesn’t come with its own array of pitfalls to navigate, though. For many, it’s all too easy to make one wrong step and wind up in debt. When that happens, nothing is more important than getting good advice […]
How Does Bankruptcy Clear Lawsuit Debt?
It’s hard to find someone who hasn’t been in debt at least once in their life. This is why thousands of people file for bankruptcy each year to help clear their debt and get a fresh start. Although bankruptcy is extremely common, many people don’t understand how it works or what debts can be cleared. […]
Can I Keep My House Even When Declaring Bankruptcy?
Declaring bankruptcy is scary. Even though you know that doing this will help you finally get free of debt and reclaim your financial independence, you may worry about what it’s going to cost you. At JPPLAW, one of the most common questions we hear is, “Can I keep my house even when declaring bankruptcy?” The […]
What Bankruptcy Can and Cannot Do
Most of us have struggled with debt from time to time. This can be difficult to avoid, and when it’s caused by something like an unexpected medical bill, you might not have any control over it. When your debt starts to grow to an amount you can’t pay off, it can be overwhelming. It might […]
The Different Types of Bankruptcy
Bankruptcy is one of the most powerful tools to help you regain your financial independence when few other options remain. It can eliminate debt, protect your savings, and put an end to harassment from bill collectors. Unfortunately, bankruptcy is also complicated, misunderstood, and often unfairly stigmatized. At JPPLAW, we know that, when utilized correctly, bankruptcy […]
Should You File for Bankruptcy?
We all know how difficult it is to manage our finances. Most people will have trouble with it from time to time, often resulting in some debt. This is something many of us have experienced, and debt can sometimes feel unavoidable. Debt can be incredibly challenging to get out of, and even a small amount […]
Debt Settlement Companies Don’t Work
DEBT RELIEF COMPANIES DON’T DO WHAT THEY SAY THEY DO The Consumer Financial Protection Bureau recently brought a case against Freedom Debt Relief (one of many Debt Settlement Companies) alleging that they weren’t telling its customers everything about how settlement works, and that it wasn’t handling their debts like it advertised. Unfortunately I’ve meet with […]
Exceptions to the Automatic Stay: Repeat Bankruptcy Filings
If you file for bankruptcy more than once within a year, the automatic stay is limited. When you file a Chapter 7 or Chapter 13 bankruptcy, the automatic stay prevents creditors from trying to collect debts from you (i.e. calls, letters, or law suits, ect). However, this protection may be limited in time, or not […]
