Articles Tagged with filing bankruptcy

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Bankruptcy Lawyer Bryan W. Stone answers the question: “What is Chapter 11 Bankruptcy?”

One of the commonly understood virtues of filing for bankruptcy is that your pre-bankruptcy liabilities get wiped out. For individuals, this means that credit card debt or medical bills get wiped clean and creditors can’t come back years down the line and demand payment. The same is true for corporations. Those who have emerged from bankruptcy, especially those sold to new buyers after going into bankruptcy, expect a clean slate, something that makes buyers willing to take the risk of buying such companies in the first place.

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Bankruptcy Lawyer Bryan W. Stone answers the question: “What is Chapter 7 Bankruptcy?”

If you are considering filing for bankruptcy, chances are you’re in the midst of some serious financial difficulties. No one would consider going through such a process unless they were truly struggling to make ends meet. Those who are experiencing such financial problems likely have taken other steps to shore up their finances before ever getting to the stage of contemplating bankruptcy. That means they may already be receiving other financial assistance, in the form of housing vouchers, disability payments or food stamps. So what does filing bankruptcy do to these other sources of support?

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Bankruptcy Lawyer Bryan W. Stone answers the question: “What are my alternatives to bankruptcy?”

There are many considerations that go into filing for bankruptcy. As we’ve discussed many times before, you have to be sure that bankruptcy is right for you and, even if it is, that this is the right time to move forward. Something you may not think much about is how residency can impact your ability to file for bankruptcy. To learn more about where the law allows you to file for bankruptcy, keep reading.

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Bankruptcy Lawyer Bryan W. Stone answers the question: “Can I keep my house if I file bankruptcy?”

We’ve previously discussed the impact that filing bankruptcy can have on some items of personal property, including things like houses and cars. As we mentioned, what and how much you’re able to hold on to typically depends on the type of bankruptcy filed, the value of the items in question and what the bankruptcy exemption rules say on the subject. Another item many people are curious about is jewelry. Whether it’s a family heirloom or a wedding ring, these items can have special sentimental value and the prospect of having to part with them can be very upsetting. To learn more about how jewelry is dealt with in bankruptcy, keep reading.

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Bankruptcy Lawyer Bryan W. Stone answers the question: “What are my alternatives to bankruptcy?”

Filing for bankruptcy protection can be a tremendous relief for many people. Bankruptcy protection can stop the harassing phone calls and give you peace of mind. It also gives you hope of moving forward with a clean slate and a way to put a crushing debt burden behind you. Though this works well for many people, there are plenty of others who may not benefit from bankruptcy protection or may not be able to take advantage of bankruptcy protection given time restrictions. To learn more about instances where it may make sense not to file for bankruptcy, keep reading.

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Charlotte Bankruptcy Lawyer Bryan W. Stone of Arnold & Smith, PLLC answers the question “Can I get credit after filing personal bankruptcy?”

Though financial matters are often seen as cold, calculating or rational, the reality is that emotions are often interwoven with many money decisions. This is never truer than when discussing filing for bankruptcy. Though it may seem like a clear-cut financial question, a matter of dollars and cents, these decisions can result in tremendous anxiety, guilt and even shame. Many people feel guilty about considering filing for bankruptcy and begin to believe they are trapped by the guilt. Today we explore the feelings of guilt surrounding bankruptcy that many people struggle with and the danger of letting these feelings dictate your choices.

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Charlotte Bankruptcy Lawyer Bryan W. Stone of Arnold & Smith, PLLC answers the question “What are the pros and cons of bankruptcy ?”

If you are considering filing for bankruptcy you likely have many thoughts swirling around your head. Concerns about your own money and how the decision to file impacts your financial life are enough to keep most people up at night. Even more stressful, is how filing for bankruptcy could impact your children. You may wonder how filing impacts money set aside for the kids, how it could impact their property and whether it could impact their education, such as private school tuition or the ability to secure student loans. To find out more, keep reading.

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Charlotte Bankruptcy Lawyer Bryan W. Stone of Arnold & Smith, PLLC answers the question “Can I keep my car if I file bankruptcy?”

For those considering filing for bankruptcy it is quite common to consider which creditors you should continue to pay. After all, if you feel sure a filing is imminent, it may not make sense to continue to throw money at certain bills, such as credit cards or medical debt which would be wiped out in a bankruptcy anyway. Other debt, such as that associated with utilities, phone providers, home loans or cars may receive different treatment given your continuing need for the goods or services.