Remove Bankruptcy Remove Chapter 7 bankruptcy Remove Debt Management
article thumbnail

How long will bankruptcy affect your credit score?

Roths Child Law

A period of unemployment, a major injury or a recent divorce might all leave someone with more debt than they can anticipate repaying successfully in the near future. Bankruptcy can be an effective solution for those who are struggling with debt, but it will limit their credit options and drag down their credit score temporarily.

article thumbnail

Do You Have to Get Debt Counseling Before Bankruptcy?

Sawin & Shea

Filing for bankruptcy is a process. As part of that process, the bankruptcy law requires that you get a certificate that evidences you did a pre-filing counseling session with an approved agency. Debt counseling (also called credit counseling) is required before you can declare bankruptcy.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Need to Know About Debt Negotiation and Settlement?

Sawin & Shea

If you’re dealing with debt and considering filing for bankruptcy, it’s a good idea to get professional legal advice on how to handle the proceedings. Credit counseling and debt management agencies may be able to assist you as you work, but with so many untrustworthy schemes out there, how do you know what the right step should be?

article thumbnail

Managing Bankruptcy and Medical Debt Relief in Broomfield, CO

Debt Free Colorado

Learn to Eliminate Medical Debts Through Bankruptcy Bankruptcy and medical debt relief have become buzzwords for those with financial problems due to unexpected health issues. It’s important to understand that having medical debt does not reflect personal failure. Bankruptcy can discharge medical bills.

article thumbnail

Debt Consolidation vs Bankruptcy: Which is Better?

Sawin & Shea

Being overwhelmed by debt is a stressful situation that can make it challenging to decide on the best path forward. Two of the most common options for dealing with unmanageable debt are filing for bankruptcy and pursuing debt consolidation. How Does Debt Consolidation Work?

article thumbnail

When is filing for Chapter 13 bankruptcy a good idea?

Roths Child Law

If you earn a decent, steady paycheck but you’re still struggling to pay your debts on time, it may be worth considering filing for bankruptcy. Bankruptcy Code. This opportunity will allow you to benefit from the protections of the automatic stay and the issuance of a discharge at the end of the bankruptcy process.

article thumbnail

The Importance of Local Expertise: Why Choose Bankruptcy Lawyers in Denver

Debt Free Colorado

Our Bankruptcy Lawyers are Your Local Legal Lifeline Are you looking for bankruptcy lawyer in Denver, CO ? When considering bankruptcy, having an experienced attorney by your side is essential. Bankruptcy laws can be complex and are always subject to change. It can help reduce debt and stop creditors from bothering you.

Lawyers 52