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Top 5 Reasons Why People Go Bankrupt Medical expenses: High medical bills can lead to bankruptcy, especially if an individual does not have health insurance or has coverage with high deductibles. Job loss or reduction in income: A loss of income, whether due to unemployment or a decrease in pay, can make it difficult to …
n bankruptcy, certain debts are discharged, which means that the debtor is no longer legally required to pay them. Some common examples of debts that may be discharged in bankruptcy include: It’s important to note that not all debts are dischargeable in bankruptcy. Some examples of debts that may not be discharged include: Most student …
There are many potential causes of bankruptcy. Some common ones include: 1. Medical expenses: Unexpected medical bills can be a major contributor to bankruptcy, particularly for those who do not have good health insurance. All it takes is one medical emergency and that could cost upwards of 6 figures. 2. Job loss: Losing a job …
What to do when served with a credit card lawsuit? In this article we’ll be discussing what to do if you’ve been served with a credit card lawsuit. First, don’t panic. Being served with a lawsuit is scary, but it doesn’t mean you’re automatically going to lose your case. However, you do need to act …
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If you are wondering what a bankruptcy discharge is this article should hopefully explain that for you. Prefer to watch a video? Ok, no problem. Check out this video: A bankruptcy discharge is a court order that releases a debtor from personal liability for certain types of debts. It is a type of relief that …
Can you file for bankruptcy and keep your house? Prefer to watch a video? No problem, we have a video on this topic: Yes, it is possible to file for bankruptcy and keep your house, although the specific details will depend on the type of bankruptcy you file and the laws in your state. In …
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341 meeting of creditors coming up but can’t find your ID or Social security card/ Here are some alternatives that you can use.
5 Tips On How To Hire A Personal Bankruptcy Attorney During this current economy millions of Americans have run into financial issues. They are seeking to file for bankruptcy but may need some tips on how to hire a personal bankruptcy attorney. One of the biggest mistakes that people make is to try and save …
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Wondering what type of questions to ask your bankruptcy attorney at the consultation? Here are 5 questions that you should ask your bankruptcy attorney before filing.
Many debtors are surprised when they learn it is possible to actually have a higher credit score within one year after the completion of a Chapter 7 bankruptcy (than if they had not filed). Although bankruptcy case be perceived to be a negative reflection on your credit, it is not the only factor creditors use …
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Chirnese L. Liverpool, Esq. is the managing partner of the Law Offices of Chirnese L. Liverpool, established in 2008.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code. This website is for educational purposes and is not intended to provide specific legal advice. By using this website, you understand that there is no attorney/client relationship between you and the Law Offices of Chirnese L. Liverpool. The information on this site should not be used as a substitute for competent legal advice from a licensed professional attorney in your jurisdiction.
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