It’s important to save up a comfortable amount for retirement. However, there are a couple types of expenses that can derail your retirement so it doesn’t last you as long as you’d hoped. I find that most seniors find themselves in financial trouble when two types of expenses hit them. The Two Types of Expenses […]
Filing for bankruptcy can alleviate your severe financial burden. Whether you are considering filing Chapter 7 or Chapter 13 bankruptcy, it is important to consult an experience financial planner and attorney who can protect your rights while guiding you through the bankruptcy process. If you knowingly omit required information from your filing or use the […]
How to Build Up an Emergency Fund An emergency fund is critical to have for your financial survival. You just never know what could come up or happen. You could lose your job or have an unexpected bill. It’s beneficial to start small so you don’t feel overwhelmed. Start With One Month of Income Most […]
Financial crises can affect even the most fiscally responsible people. Filing Chapter 13 bankruptcy reorganizes your debt in a way that makes it more manageable. Your payment plan is set up so that you pay what your monthly budget says you can afford to pay. This type of bankruptcy requires you to agree to a […]
Filing for bankruptcy immediately stops creditors from trying to collect debts from you. This protection from creditors can give you some much-needed relief while you work to sort out your financial situation. Unfortunately, if you have hit a financial rough patch you may have already lost some items to repossession prior to filing for bankruptcy, […]
Navigating the complexities of a personal financial crisis can be a stressful process that can leave you feeling overwhelmed as you try to regain financial stability. There are a few options to consider when creating a financial plan that will help get you out of debt. Although bankruptcy can help relieve the financial burden, the […]
Filing for bankruptcy can relieve some of the burden if you find yourself in a severe financial crisis. While Chapter 7 filings provide faster relief, Chapter 13 filings give debtors a chance to pay their debt through a repayment agreement without liquidating their assets. If you are considering filing for Chapter 13 bankruptcy, you may […]
Why File Chapter 7 in Minnesota? People run into financial problems for many different reasons like job loss, divorce, diminished income, or costly medical bills. Sometimes it can seem like there’s no way out. But declaring bankruptcy might provide the right solution for you to recover from these events. Depending on your situation, different types […]
When you file for bankruptcy, the United States Bankruptcy Court will appoint someone to oversee your case. This role is not filled by an employee of the Court. The person who is appointed is called a trustee. Trustees are usually attorneys and they are hired to acct in two main capacities: they act as representatives […]
The beginning point of any bankruptcy case is the filing of what is called the petition for relief. The petition contains all the information necessary to tell the court about your current financial situation and supports the request that a judge sign an order saying the debts that are eligible should be discharged. There are […]