Bankruptcy Law Blog

Getting behind on your house payments can happen to the best of us. Whether job loss, medical costs, or other life stressors have led you down a road to mortgage debt; there are solutions that can resolve your problems with mortgage debt. Foreclosure Or Bankruptcy? There are two general types of foreclosures — judicial and…

Many people find being an independent contractor to be a preferred method of doing business. One of the reasons people enjoy contract work is because they can set their own hours and work from home. Many people have a spouse who works full time and the couple finds it convenient to work from home. Contractors…

One big reason why freelancers don’t want to get paid as a 1099 independent contractor is that they are responsible for paying their own taxes. When you get paid as an employee, you don’t have to do much paperwork. But if you are a 1099 independent contractor, you probably have to pay quarterly taxes. However,…

Having debt is not always a bad thing. In fact, a high credit score is often the result of debt. However, debt can quickly go from helping your credit profile to hurting it when debt begins to outweigh income. Further, the type of debt you carry may have a significant impact on your credit profile.…

Each year millions of people experience overwhelming debt. Financial hardship can strike at anytime, leaving a bad debt situation worse. For many people, harassing debt collections and the fear of losing assets may be a further risk. One option for securing debt relief is through bankruptcy. Although the path to debt relief through bankruptcy is…

Summer vacation is just around the corner, and the season is expected to be booming this year. While more people traveling this summer is great for the economy, it isn’t great for the consumer who is likely to be victim of above average hotel and airfare fees. If you are planning a trip this summer,…

Many people are facing growing medical debt burdens and the risk of losing their homes or property as a result. While some people may seek debt relief through a settlement or consolidation loan, filing for bankruptcy may be more beneficial. There are several reasons bankruptcy may be the best choice for medical debt relief. Bankruptcy…

When you file for bankruptcy, there are some important steps that must be completed before the court will consider your case. You will need to compile and submit a list of all your assets and debts, and you will also need to complete a series of financial forms. The Means Test The means test is…

Many people seek debt relief through bankruptcy each year. Bankruptcy can be a great tool for resolving unpaid debts and getting back on track financially. However, the process is highly detailed and there are a number of mistakes that can prevent you from obtaining a debt discharge. If you find yourself in a situation where…

If you’re facing trouble paying your utilities, your options may be limited. While you might qualify for a payment plan or loan with your utility company; that option is often counterproductive when they add in the interest rates to an already delinquent balance. You could also ask a friend or family member to help you…