Author Archives: Jay Butchko
Can Filing For Bankruptcy Stop A Creditor Lawsuit
When a debtor fails to pay their debts, a creditor has several available options that can help them collect their money. For example, a creditor can write a letter requesting payment or forward a debtor’s information to a debt collection agency. While most creditors choose “self-help” remedies and collection agencies, a civil lawsuit is… Read More »
Should You File For Bankruptcy In Pennsylvania Before Or After A Divorce?
Financial hardships and divorce are two of the most stressful things you can go through in life. Sadly, dealing with the two at the same time is more stressful. Unfortunately, it is not uncommon for people to find themselves in a situation where they are dealing with financial hardships and divorce at the same… Read More »
Understanding Some Basics About the Bankruptcy Automatic Stay
Unfortunately, many people struggling with overwhelming debt have to deal with creditor or debt collector harassment. Indeed, when you fail to pay back a creditor, they have the right to take action against you to get their money back. However, most creditors embrace unacceptable tactics when trying to get debtors to pay them what… Read More »
Will Filing For Bankruptcy Make Me Lose My Job Or Affect My Chances Of Getting A Job?
If you are struggling financially because of overwhelming debts, one of the options that can help you is bankruptcy. With a Chapter 7 bankruptcy, you can manage to have most, if not all, of your debts discharged. Debtors have no legal obligation to pay discharged debts. On the other hand, with a Chapter 13… Read More »
3 Common Bankruptcy Myths Debunked
Unfortunately, as much as the many benefits of financial relief that bankruptcy has offered and continues to offer many people, some still have many negative opinions about filing for bankruptcy relief. However, even though some people have negative perceptions about bankruptcy, some things people say or write about bankruptcy are simply false. Deciding to… Read More »
What Is A Bankruptcy Dismissal?
After you file for bankruptcy, you can either get a discharge or a dismissal. These two terms are often confusing to many, and some even assume that the two terms mean the same thing. A bankruptcy dismissal is not the same as a bankruptcy discharge. When you file for bankruptcy, your goal is to… Read More »
Can Bankruptcy Stop Me From Keeping My Inheritance?
Once you decide to file for bankruptcy, you need to consider several things before and prepare for all the effects of bankruptcy. For example, you need to consider the fact that a bankruptcy can stay on your credit report for up to ten years. However, please note that it is not true that filing… Read More »
Avoid Making These Mistakes if You Are About To File for Bankruptcy
When done correctly, bankruptcy can offer you a fresh financial start. On the other hand, if you don’t do things correctly, your bankruptcy case could be rejected or face challenges. Before filing for bankruptcy, you must avoid doing certain things that can ruin your chances of having your debts discharged or re-arranged. Some people… Read More »
Secured vs Unsecured Debt: What Is the Difference?
Debts are divided into two broad categories; secured and unsecured. The main difference between these debts is that one is backed by collateral, whereas the other is not. Debtors need to keep in mind that they are bound to experience a lot of pressure and stress when they have overwhelming debts, regardless of whether… Read More »
Can I Discharge Medical Debt in Bankruptcy?
According to research, hundreds of millions of Americans face financial difficulties due to medical costs yearly. Many Americans usually decide to cash in their retirement savings to pay their medical debts. Unfortunately for many, even those savings are never enough to get them out of debt. When medical debts become overwhelming, many Americans choose… Read More »