Author Archives: Jay Butchko
4 Benefits of Filing for Bankruptcy
If you are feeling overwhelmed with debt, you have several options. For instance, you can negotiate with your creditors and agree on how to repay your debts. Debt consolidation is another option you can consider if you are struggling to repay your debts. With this process, you take out a new loan to pay… Read More »
9 Mistakes To Avoid When Filing for Bankruptcy
Are you contemplating filing for bankruptcy? If you are, it is vital that you do your best to avoid making mistakes many people have made in the past. A qualified bankruptcy attorney can help you avoid making mistakes so you can achieve what you intend to achieve from the bankruptcy process. In this article,… Read More »
Is Chapter 13 Bankruptcy Better for My Credit Than Chapter 7?
Filing for bankruptcy can offer you an opportunity to start over financially. However, the decision to file for bankruptcy is one that you should not take lightly. The fact that you are thinking of doing something about your debts is commendable. But you need to consider certain things before concluding that bankruptcy is the… Read More »
What Will Happen If I Miss A Chapter 13 Plan Payment?
In the U.S., there are two main consumer bankruptcy options; Chapter 7 and Chapter 13 bankruptcy. Some small businesses may also qualify for a Chapter 13 if owned as a sole proprietorship. Depending on the specifics of your case, Chapter 13 bankruptcy, which entails coming up with a repayment plan, might be the ideal… Read More »
Preparing For A 341 Meeting Of Creditors
After you file for bankruptcy, the bankruptcy court will notify you through mail about your 341 meeting of creditors. The 341 notice will notify you of the date, time, and place in which the meeting will be held. Your bankruptcy trustee’s name, the case number of your bankruptcy proceeding, and the bankruptcy clerk’s office’s… Read More »
How To Prepare For Bankruptcy Filing
If you are struggling with overwhelming debt, bankruptcy may be a good way to get out of financial trouble and start afresh. However, you need to prepare thoroughly before filing for bankruptcy to ensure everything goes smoothly during and after the bankruptcy process. The better you prepare, the smoother things will go. In this… Read More »
Some Basic Information About The 341 Meeting Of Creditors
When you file for bankruptcy, there are several steps you must complete before your bankruptcy case is finalized. One of the most crucial steps you must complete when filing for bankruptcy is attending the 341 meeting of creditors. Below, we explain the purpose of the 341 meeting of creditors and what happens during this… Read More »
Are There Consequences Of Filing For Bankruptcy?
The United States Bankruptcy Code offers people struggling with overwhelming debt an opportunity to start over financially. In the U.S., the two most commonly filed types of bankruptcy are Chapter 7 bankruptcy and Chapter 13 bankruptcy. With Chapter 7 bankruptcy, nonexempt assets are sold, and the proceeds go to paying off debt. On the… Read More »
Signs It Might Be Time To Start Considering Bankruptcy
Filing for bankruptcy may feel like giving up. It may feel like filing for bankruptcy means you are a failure. But the reality is that filing for bankruptcy does not mean you are a failure. It doesn’t mean you are giving up. The truth is that bankruptcy can help you get financial relief and… Read More »
5 Questions You Should Ask Before Filing For Bankruptcy
If you are struggling with debt, one of the options that can help you start over financially is bankruptcy. In fact, sometimes, bankruptcy is the best option. However, you should know that bankruptcy is not for everyone. Before filing for bankruptcy, it is also crucial that you understand all your options and what you… Read More »