learning from experience
As cryptocurrency and other digital assets become more mainstream, bankruptcy courts are increasingly required to address how these assets are treated in consumer and business filings. All assets, whether they are physical or digital, must be disclosed during the bankruptcy process. While cryptocurrency technology may be new, bankruptcy law applies
When facing a lawsuit over unpaid debt, many people wonder when they should file for bankruptcy. Is it better to file for bankruptcy before a judgment is entered or wait until after the court has ruled? The timing of a bankruptcy filing can significantly affect how much protection you receive,
High-income earners can still get into debt and have difficulty repaying these debts. However, they often assume bankruptcy is not an option for them. While it is true that higher income can limit eligibility for certain chapters, bankruptcy law still provides several powerful tools for individuals and business owners with
If you have decided to file for bankruptcy, you need to understand the dos and don’ts so you can get all your debt wiped out without issue. One thing you need to be aware of is proper credit card use. While credit card debt is usually wiped out in Chapter
In the ever-evolving economic landscape, financial stress is abundant for Americans. The current climate is causing more bills to pile up, more creditor calls to go out, and ultimately, financial pressure to build. This pressure can feel impossible to escape and can cause a notable decline in the mental health
The holidays are the most wonderful time of the year. The festivities, food, decorations, and community help bring a much-needed sense of joy and togetherness to the year’s end but holiday budgeting can bring stress. It can also be a season of financial challenges and debt accumulation. The gifts and
When filing for bankruptcy, consumers often change their minds. There are several types of bankruptcy, and it is common for someone to change from one to another. In many cases, a person will go from a Chapter 13 bankruptcy to a Chapter 7 one to get debt erased, but there
A fear many people have about pursuing bankruptcy for debt relief is the idea that they will never own a home. However, bankruptcy does not disqualify filers from homeownership; in fact, you may be able to purchase your future oasis post-bankruptcy sooner than you think. To help you better understand
