Blog: November 2016

us bankruptcy courtDebt is a problem with a large number of people. Consumers have overwhelming credit card debt, student loan debt, vehicle loan debts and the like. The epidemic hits people for varied reasons such as job loss, disability, household change and irresponsible spending. Once a person gets into the hole with debt, it becomes like a pool of quicksand. The situation gets so far out of hand that only a drastic solution will help.

bad credit cardsCredit card advertising is everywhere, both online and off. Ads for cards show up on websites, in your email and in your mailbox at home. While having a credit card or two can be a sound financial strategy, many people fall into the trap of applying for and using bad credit cards. Using cards with unfavorable terms can rapidly increase your debt and make it difficult to get your finances under control.

bankruptcy lawyerIf you pause for a moment to think about it, you will see that we live in a society that runs on debt. Mailboxes are full of credit card offers and television brings more ads that offer easy credit so you can purchase everything from a vacuum cleaner to a house that needs cleaning. The only problem is that easy credit will also lead to easy debt and that easy debt can pile up until you find yourself with more debt than you can quickly or easily pay off.

bankruptcy chapter 11

Bankruptcy is a legal remedy available to those who need to get control of their finances. The type of bankruptcy filed depends largely upon the type of assistance needed. Below is an overview of Chapter 11 bankruptcy and how it works.

debt consolidation

Many people struggle to pay their bills. A lost job, medical emergency and more can make it so people can't meet their regular financial obligations. There are ways individuals can address these problems. It's possible to get a loan consolidation line of credit, before you need to declare bankruptcy.