The number of people filing for bankruptcy could set records next year. And, while bankruptcy reform artificially spurred the 2005 record of nearly 2.1 million cases filed, this peak will be all about the reality of a Covid-19-blasted economy. https://bit.ly/3hYggxi
FORBES.COM
After The Covid-19 Deluge, A Bankruptcy Tidal Wave?
Two-thirds of those who file for bankruptcy cite medical issues as a factor, according to a study last year in the American Journal of Public Health. https://bit.ly/35Q9JCM
USATODAY.COM
'This is going to bankrupt me': Americans rack up $45B worth of medical debt in collections
Bankruptcy is a legal process that lets people or entities who can't pay their debts obtain some type of relief by having those debts either reorganized or eliminated. https://bit.ly/32KgG64
FOOL.COM
How Bankruptcies Work | The Ascent
TMZ.COM
Sizzler Files for Bankruptcy Because of COVID-19 Pandemic
#Chapter7 #bankruptcy is one of the most powerful legal tools on the planet. If you qualify, all of your qualifying unsecured creditors are wiped out in heartbeat. Can you imagine your life without any debts? What if you never had to make another credit card payment or get another delinquent medical bill? What if every lawsuit, repossession action, and garnishment were immediately stopped dead in their tracks? What if I could guarantee you that there would be no more harassing phone calls morning, noon, and night?
Bankruptcy is a difficult process that has long-term implications on your financial situation, so it's not something to jump into blindly. But if you've evaluated all your options and determined that bankruptcy is your best chance for a fresh start, then you should pick the smartest time to file and go through the entire process correctly. http://bit.ly/2AZfOvM
FOOL.COM
How Bankruptcies Work | The Ascent
Recovery from bankruptcy is a step-by-step and often gradual process, and is best achieved by personally committing to good, healthy, financial practices. https://yhoo.it/32sGEZi
FINANCE.YAHOO.COM
How to Bounce Back From Bankruptcy in 5 Easy Steps
Many people could benefit from bankruptcy relief but don't file because of fear, myths or misplaced optimism. https://bit.ly/2SdEklE
NERDWALLET.COM
Fear of Bankruptcy Holds Too Many People Back - NerdWallet
If you’re dealing with old debt, make sure you’re taking the right steps to avoid starting over. https://bit.ly/33SFjNr
BANKRATE.COM
Resetting The Clock On Old Debt | Bankrate
A #Chapter7 #bankruptcy is often referred to as a liquidation bankruptcy. But, this can be misleading. Many of our clients do not lose any of their property in a Chapter 7 bankruptcy. Instead, it is protect through the use of bankruptcy exemptions. Essentially, the property passes through the bankruptcy and is NOT liquidated.
The #bankruptcy means test determines who can file for debt forgiveness through Chapter 7 bankruptcy.
NERDWALLET.COM
The Bankruptcy Means Test: What It Is, Why It Matters - NerdWallet
Although a bankruptcy filing remains on your credit report for up to a decade, the situation is not quite as bad as it seems. The effect on your credit will diminish over time until it drops off your report completely. https://yhoo.it/35Ee2zp
NEWS.YAHOO.COM
Bankruptcies are expected to surge — but a filing isn't fatal to your credit
If you are thinking of getting a #divorce and filing #bankruptcy, you should make both your divorce attorney and your bankruptcy attorney aware of the situation. You want the divorce decree to specifically say you will not have to carry the entire amount of debt by yourself. If the divorce decree says that you are supposed to pay a certain debt and you file a Washington bankruptcy, your spouse can sue you if he or she ends up having to pay the debt. Often, it makes sense to file a bankruptcy together before you get divorced.
If your financial situation has you feeling like there is no light at the end of the tunnel, you may be considering filing for bankruptcy. http://bit.ly/32J7nkt
RD.COM
What Really Happens When You File for Bankruptcy?
Our #Chapter13 #bankruptcy lawyers serve clients throughout Western Washington.
Whether you need to stop a home #foreclosure or are simply struggling every month to simply keep your head above water, we can help determine whether or not you are able to qualify for protection and relief under the Bankruptcy Code.
If you qualify, our Washington Chapter 13 bankruptcy attorneys can help. Call now to see if you can qualify for Chapter 13 bankruptcy protection in Washington State.
Toll Free Statewide in Washington: (855) 923-3283
After a bankruptcy filing, it’s important for seniors to focus on the fundamentals of financial stability. http://bit.ly/2PLJ4OQ
BARRONS.COM
How Seniors Can Recover From a Bankruptcy Filing
Unlike a lot of "cookie cutter" #bankruptcy mills that just try and process your petition as quickly as possible without maximizing your protection or your relief under the bankruptcy code, our attorneys take a different approach. We pride ourselves on providing top quality legal services at affordable rates. And, our bankruptcy lawyers believe that our fees are highly competitive for the quality of legal services provided.
Generally, people choose Chapter 13 when their monthly debt payments are too much to handle but they have a job and want to keep certain assets. If you’ve maxed out your credit cards, you can’t afford to pay for basics like groceries and you’re constantly avoiding phone calls from debt collectors, you might consider this route. https://bit.ly/3qL6F2D
BANKRATE.COM
Complete Guide: Chapter 13 Bankruptcy | Bankrate
ABC7.COM
30 retailers, restaurant chains that filed for bankruptcy in 2020
It’s still possible to get a credit card after bankruptcy, but you’ll only be eligible for secured cards or cards designed for those with poor or no credit. Your best bet is to apply for a card as soon as you can after your bankruptcy is discharged, or completed, so you can start rebuilding your credit right away. https://bit.ly/3msy7ji
FORBES.COM
When Can I Apply For A Credit Card After Bankruptcy?
"Jessica was the one who initially started my process, and handed my case to Erin. David kept me up to speed on the day to day. This team was was invaluable in assisting a client, who is ignorant of the process of bankruptcy, coupled with the many elevated emotions, and mindset, that go along with arriving at the “final conclusion” of filing. Erin was patient, and compassionate, all the while, being as efficient as the process allows. I know, looking back in hindsight, that the previous 2 firms that I had initially contacted, would not have achieved the same results on a personable, or, efficient level."
- Donald.
