As some people consider whether or not to file bankruptcy, one of the factors which sways certain individuals in the direction of filing is the automatic stay. It’s a powerful resource to have at your disposal, and swiftly provides important forms of relief.
Simply mention the phrase “student loans” to many hardworking, young professionals, and watch them shudder in return. Unfortunately, now more than ever, student loans are impacting a huge portion of the population.
Back taxes owed to the IRS and other tax debts are a source of frustration for many of our clients. It’s one of the most common form of debts, and it can become a major burden if it’s allowed to spiral out of control. One frequent question we encounter, therefore, is whether or not bankruptcy helps you get rid of tax debt.
One point which we always want to make clear to our clients is that in some cases, you may not even need to file bankruptcy. Depending on your specific financial situation, you may be able to avoid bankruptcy by taking one of many alternative routes. Here, we’ll discuss some of the best ways to avoid bankruptcy while still clearing up your circumstances.
As we speak with current and prospective clients, one of the biggest concerns and questions about bankruptcy that they have is what happens next? What does the aftermath of bankruptcy really look like? What does it mean for your life in the immediate future and the years ahead?
Many people are interested in exploring the idea of filing bankruptcy on their own, without the help of an attorney or legal representative. Should you pursue this option for yourself? Here, we’ll make the case that most individuals should work with an experienced local bankruptcy attorney rather than going his or her own way.