Learn to Understand a Bankruptcy Means Test

When filing for bankruptcy under the Chapter 7 or Chapter 13, the first and foremost step is to find out whether you are eligible for that particular Chapter. Means Test is designed to evaluate your income and compare it with your expenses and the total amount of debt you are currently unable to repay. MeansContinue reading

Must-do things before filing for bankruptcy

The decision to file for bankruptcy never arrives just out of the blue. Good and thorough preparation is everything in terms of chances for success in this process. Not only filing for bankruptcy takes times and your psychological resources, but also it requires you to spend money either for counseling or for the bankruptcy lawyer,Continue reading

The positive and negative consequence of personal bankruptcy

A personal bankruptcy is a very common thing nowadays and still it is surrounded by myths and fears that many cannot overcome. Surely, debt relief inevitably brings consequences that are both negative and positive. Contrary to common belief bankruptcy is not “the end of life”; in fact – it’s sooner a beginning of life freeContinue reading

15 key things to know before filing for bankruptcy

It doesn’t matter whether you file for bankruptcy “pro se” (on your own, without a lawyer) or you get a guidance from a professional bankruptcy attorney, it’s always better to know all the facts, rules and potential threats to avoid unexpected and unwanted consequences. Here are the TOP-15 facts everyone who file for bankruptcy shouldContinue reading

Top 6 signs it is time file for bankruptcy

Life can be tough and unpredictable whatever optimistic you are. Seeing your future bright and wealthy is a good thing, but being realistic about the current financial situation is even better. Bankruptcy is unfairly perceived as a dead end in terms of financial and social life, while it is a totally wrong idea. Filing forContinue reading

The TOP myths, benefits, and risks of filing for bankruptcy

We have collected the most common and controversial myths and opinions about filing for bankruptcy to finally make it clearly explained. So, if you are still in doubts whether you should file for bankruptcy and the roots of the doubts lie in a lack of unbiased information, our review will come in handy.     Continue reading