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 […]
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 […]
