Even if you feel like you are drowning in debt, filing for bankruptcy is probably not your first choice. You may have several misconceptions about what this process could mean for you and your future, and these fears may keep you from moving forward with steps that...
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You will not lose everything in Chapter 7 bankruptcy
There are few things in life quite as overwhelming as having too much debt and too little income. While it might feel like it is impossible to get out of this cycle, bankruptcy offers a proven path toward financial stability. Fears over having to give up personal...
Creating a Chapter 11 reorganization plan
Running a profitable business might be easier said than done, especially when debts keep piling up. Having too much debt is not the end of the road for Virginia business owners, though. Instead, it is possible to not only stay up and running but to ultimately become...
Experts say fear holds people back from bankruptcy
No matter how hard some people work to get ahead of their debt, they always seem to end up back where they started -- or even worse. Despite this, many people either do not consider bankruptcy or immediately rule it out, perhaps partly because bankruptcy is still a...
Can bankruptcy discharge your student loan debt?
After graduating from college, you might have thought that paying off your student loans would be challenging but doable. Yet, like many recent graduates, you might have struggled to find a stable job and have been unable to repay them. Doing so in full may seem...
Ways to deal with credit card debt that actually work
Most Virginia consumers use credit cards, but some rely on them heavily, ultimately finding themselves with unmanageable balances. A few missed payments, a habit of only making minimum payments each month and accumulating interest can result in problematic credit card...
How can Chapter 7 bankruptcy help keep my home out of foreclosure
If you are struggling to pay your bills, whether due to a job loss, medical emergency or other reason, one of the first things you might fall behind on is your mortgage payment. Your mortgage probably is the single largest bill you pay each month. Without the funds to...
What are the benefits of Chapter 7 bankruptcy?
If your finances are in shambles and you’ve tried everything to dig your way out of trouble, it may be time to learn more about Chapter 7 bankruptcy. It’s a last resort for many individuals, but once you learn more you may come to find that it’s just what you need....
Tips to rebuilding your credit after bankruptcy
Debt is a bear. For many Americans, these financial struggles are not uncommon. Unemployment, divorce, medical issues, reckless spending, or business struggles, among other unique situations, can lead to crippling debt that, if left unattended, can turn life upside...
Is Chapter 7 bankruptcy the solution?
It seems as if all is lost. The collection calls and notices keep coming, and it may seem impossible to keep up financially. To make matters worse, the mortgage lender has gotten involved and is threatening foreclosure. Rather than struggling and sinking even deeper...