Declaring Bankruptcy In The New Year? Don’t Mess It Up Over The Holidays

19 December 2022
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Are you considering filing for bankruptcy protection in the new year? Even if you're still undecided about this big step, the moves you make beforehand can have a big impact on your success or failure. How? Here are a few things to keep in mind. 1. Avoid Credit Card Fraud Bankruptcy fraud — whether accidental or intentional — can scupper your bankruptcy case. The judge may also deem the associated debt non-dischargeable. Read More

Do You Need To File Old Tax Returns? Things You Should Know

19 May 2022
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Federal tax liability is one of those things that you can't avoid no matter how hard you try. In fact, any attempt to do so could ultimately lead to legal trouble with the Internal Revenue Service. Whether you've missed one year's filing or many, it's important that you get those returns filed as soon as possible. Here are a few of the things that you need to know about past-due and missing tax returns. Read More

Facing Foreclosure? See How Your Foreclosure Attorney Will Help You Avoid It

29 November 2021
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Everyone feels good when they own their dream home because they will live independently and enjoy their desired level of privacy. That's why most people apply for a mortgage to speed up the home-buying process. However, foreclosure can crush your dream because it means your home is now a bank's property. Actually, foreclosure is a nightmare for many homeowners because it makes them lose the home they have sacrificed a lot to own. Read More

What Happens To Your Debts In Chapter 7 Bankruptcy?

1 July 2021
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Chapter 7 bankruptcy is a legal tool that people use when they need a way out of debt. Bankruptcy is not the only way out of debt, but it works well for many people. Before using it, you should learn as much as you can about it. You might also want to research the consequences of filing for this branch of bankruptcy. Here are some of the ways a Chapter 7 case will treat your debts when you file. Read More

3 Reasons Why Self-Employed Debtors Should Choose Chapter 13 Bankruptcy

30 October 2020
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The ongoing COVID-19 pandemic has wreaked havoc on the economy, and many self-employed Americans are struggling to deal with mounting debts and operating costs. Declaring bankruptcy is never an easy choice, but it can be the best way for many self-employed people to dig their way out of a deep financial hole. If you are self-employed and considering declaring bankruptcy, you may be able to file Chapter 13 bankruptcy. This type of bankruptcy has numerous advantages over Chapter 7 and other types of bankruptcy and can be particularly useful for freelancers, sole proprietors, and other individuals who work for themselves. Read More

Addressing Credit Cards, Secured Loans, Student Loans and Other Debts

About Me

Hi, my name is Fiona, and over the years, I have juggled many different types of debt. At one point, it got so overwhelming that I began to research bankruptcy. Through that process, I learned that you have to take a different approach to each different type of debt. I also learned that it can be extremely hard to tell if bankruptcy is the right decision for you. This blog explores various debt reduction strategies, and it talks about how to tell when bankruptcy is the right choice. I also hope to discuss bankruptcy in general so that you can learn how it works. If you are in debt, pull up a chair. I hope that you can learn from my research, experience and mistakes. Thanks for reading!