Filing for bankruptcy under Chapter 13

In times of serious financial hardship, many start thinking of giving up on their debts through filing for bankruptcy. The easiest and the fastest way to get your debts written off is filing under Chapter 7 which means instant debt liquidation. Seemingly the most attractive, Chapter 7 brings a pool of consequences many are notContinue reading

10-steps practical guide on recovering from personal bankruptcy

Bankruptcy can become a long-awaited relief from unmanageable debts you’ve collected over years. If you have realized that bankruptcy is your only option and decided to file for it, you should be prepared for a post-bankruptcy period that many meet with a depressive state of mind. Let this guide become your assistant in recovering fromContinue 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

Bankruptcy Chapters and their main features

Bankruptcy is a legal process of debt relief that allows individuals or business entities cancel or reorganize their financial obligations. Many see bankruptcy as a non-acceptable or even dreadful solution due to social and financial complications it leads to. However, for the majority of desperate debtors, bankruptcy may become the only reasonable way of gettingContinue reading