While I’ve always dreamed about starting my own business, I don’t possess the courage needed to do so. Every year, many new businesses fail. Because business owners take risks, they sometimes end up broke. In these circumstances, bankruptcy is often a viable option. During bankruptcy proceedings, a business owner might be able to get some of his debts discharged in court. Those debts that aren’t completely discharged may be significantly reduced. At the very least, judges sometimes set up a realistic payment plan for the entrepreneur drowning in debt. On this blog, I hope you will discover how bankruptcy attorneys can help former business owners get the new start they so desperately need. Enjoy!
Did you purchase a house and have been recently getting threatened with foreclosure? Are you confused about the threats because you have not fallen behind on making mortgage payments and believe there has been a mistake? If you are fearful that you are unfairly in the process of losing your home, it is important to take action as soon as possible You don't want to lose your house to foreclosure because it can be a very difficult situation to overcome, such as get your property back. [Read More]
Once you file chapter 7 bankruptcy, you may be both relieved and anxious. Relieved because you no longer have that debt burden on your back and anxious about the way the filing might affect your ability to get credit in the future. Read on for some smart moves to make and what to know about the post-bankruptcy period.
Identify the Causes
It's all too easy to lay the blame for your financial problems on unreasonable creditors or expensive medical bills, but to avoid a repeat, you have to take responsibility for your own actions. [Read More]