About Me

Understanding Bankruptcy Cases and Outcomes

Hello, my name is Quianna Ridalgo. I enjoy talking to others about bankruptcy case outcomes. Court officials handle each type of debt, from credit cards to home loans, differently. Debtors must carefully prepare themselves for the court proceedings to cope with the outcome appropriately. The way creditors handle the discharged debt also interests me. Bankruptcy attorneys assist their clients with each step of the bankruptcy process from filing paperwork to meeting with creditors. Debtors and creditors both receive counsel that helps them move forward appropriately at every point in the case. The information I share on my site may help you learn about everyone's role in these complex cases. Feel free to come by anytime to learn more information about this interesting subject.

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Understanding Bankruptcy Cases and Outcomes

2017

Before Bankruptcy: What To Consider

When the stress from your bills and financial life are so overwhelming that you can't take it anymore, bankruptcy can seem like a welcome solution. However, to truly recover from this period in your life, you'll need the information and tips here before you even complete your bankruptcy petition. Know that All Your Debts Might Not Disappear A common misconception about bankruptcy law is that every single debt you've got will be cast aside once you complete your bankruptcy petition.

Thinking About Bankruptcy For Credit Card Debt? What You Need To Know

The average American household has somewhere around $17,000 in credit card debt. However, some people have debt that far exceeds this amount. If you happen to fall in the latter group, bankruptcy may be an option that can offer you some relief, but there are some things you need to know if you're considering this decision. Talk To The Bank First Bankruptcy should never be your first resort. While it can help you avoid financial ruin by eliminating your debts, it does come with short and long-term consequences.

How Chapter 7 Bankruptcy Deals With IRS Tax Liens

Filing Chapter 7 bankruptcy is a good option if you want to get out of debt without repaying all the debts you owe, but it has limits. In other words, Chapter 7 bankruptcy will not usually eliminate all the debts you have, and it may not eliminate IRS tax liens you have on your house. Here are a few things you should understand if you have IRS tax liens on your house and are planning on filing for Chapter 7 bankruptcy.