Many people struggling with crippling amounts of financial debt, whether it be from home mortgages, credit cards, or car loans, fail to properly assess the option of bankruptcy. Depending on your current financial situation, bankruptcy may be your best option to clear...
The 341 Meeting of Creditors is a formal session that is required for all parties filing for bankruptcy. During the Visalia Bankruptcy Hearing, the trustee presiding over the case looks over the assets and debts and asks any questions they might have. Creditors are...
Four Tips to Remember When Recovering from Bankruptcy: Brought to You by Labiak Law No one wants to go through bankruptcy, let alone filing Chapter 11. However, sometimes the situation calls for it to happen. The first thing you should do is consider hiring a...
The negative aspects of bankruptcy have been well chronicled. Yes, the individual will suffer damage to their credit score. Yes, they may lose some assets. And yes, they might have difficulty getting credit in the immediate future. However, none of those issues are...
Debt consolidation and bankruptcy are both procedures that can help you eliminate debt you cannot pay. However, they work in different ways. You can file for bankruptcy while paying off a debt consolidation loan, but certain circumstances may mean the consolidation...
