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Bankruptcy Myths

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3 More Common Myths About Bankruptcy

Bankruptcy is a tool for helping people recover from overwhelming debt. It is a complicated tool, though. To help you understand your options better, let’s clear up some of most confusing myths about bankruptcy. We’ve already debunked three common bankruptcy myths: People who file for bankruptcy are reckless spenders All debts will be discharged when [...]


Bankruptcy 101: How to Separate Fact From Fiction

There are two main types of bankruptcy for consumers, which are Chapter 7 and Chapter 13. Here are the differences: Chapter 7 - This type of bankruptcy will clear all of your unsecured debt. Once you receive your Notice of Discharge from the U.S. Bankruptcy Court in your state, all of your debts will be [...]


Bankruptcy Mistakes and Pitfalls

Filing for bankruptcy is a complicated and, at times, emotionally stressful matter. What can be even more trying during such distressful times, however, can be making some common bankruptcy mistakes that can end up costing you more money or causing your to lose some of your precious assets. In these circumstances, it's important to work [...]


Chapter 7 Bankruptcy Mistakes

You’ve decided to file for Chapter 7 bankruptcy. It can be a liberating decision, a release from the stress of warding off creditors and pinching every last penny. But it’s also a detailed and sometimes lengthy process. Don’t make it more difficult than it needs to be. There are some common and easily avoidable mistakes [...]


Declaring Bankruptcy Tips

If you're completely in debt and want some respite, you might be considering bankruptcy. Many people don't completely understand how the bankruptcy procedure works. The first thing most people need to do is file their petition in a bankruptcy court. Naturally, the process of filing isn't very simple. You'll most definitely want to make informed [...]


Debt Relief Hints and Tips

It can be extremely hard to get out of financial debt if you're in deep. It happens to more and more people than they would like to admit. As credit becomes available, they use it without looking to the future, and before they know it their monthly payments exceed their monthly income. A lot of [...]


15 Myths about Bankruptcy in Oregon and Washington

Myth 1: Everyone will know you have filed for bankruptcy. Unless you're a prominent person or a major corporation and the filing is picked up by the media, the chances are very good that the only people who will know about a filing are your creditors and the people who you tell. While it's [...]