Can I Afford to File for Bankruptcy?
Filing a bankruptcy can be intimidating due to the costs needed to file. Fortunately, at AKS Law, we offer flexible payment options, so everyone who needs legal help can get it.
Filing a bankruptcy can be intimidating due to the costs needed to file. Fortunately, at AKS Law, we offer flexible payment options, so everyone who needs legal help can get it.
If you are considering bankruptcy, there’s a good chance that you are concerned about how it will affect your future. It will usually bring immediate improvement to your financial situation and will also certainly remove certain pressures you’re under because of that.
Although the thought of filing for bankruptcy is scary, there is a light at the end of the tunnel as your credit score can be rebuilt after filing a bankruptcy. While bankruptcy impacts your credit score, its effects vary.
The decision to file for bankruptcy is often a difficult one—and the complex legal process can not only be challenging but damaging to your credit. Filing for bankruptcy can put a big dent in your credit score and it will take some time to recover.
Declaring personal bankruptcy is a tough choice. Nonetheless, sometimes you feel like you simply have no other choice. So, what is life like after your complete your Chapter 7 or Chapter 13 bankruptcy?
Filing bankruptcy helps provide you with the opportunity to get a fresh start. Like just about everything else you do relating to money, it does affect your credit score.
The first step in choosing a bankruptcy lawyer is recognizing that your financial situation is driving you to find one. Bankruptcy law is complicated and has many technical requirements best overseen by a lawyer and not by debtors representing themselves.
When the time comes to consider filing bankruptcy, there are two ways to go: Chapter 7 and Chapter 13. Bankruptcy allows you to reduce or eliminate your debt, but the decision to file should not be taken lightly.
Usually, a person filing for bankruptcy protection is doing so because of creditors that are seeking to take action against that individual or the person’s property. To protect the bankrupt individual and that individual’s property during the process, the Bankruptcy Code imposes the Automatic Stay.
As a general matter, filing a bankruptcy proceeding imposes the Automatic Stay on most actions pending or to be filed against the debtor. Most of the stayed actions are related to debt collection efforts, but there are exceptions to the Stay.