Many people wonder if they will be able to buy a house after filing bankruptcy. The answer is to that question is yes, if you have sufficient income, you will be able to buy a house. The second question people ask is how long after bankruptcy can they buy a house. The answer to that … Continue reading When will I be able to buy a house after bankruptcy?
Is there such a thing as Good Debt or Bad Debt? I would definitely say yes! First of all, let’s look at what can make a debt “good”. There are several ways that a debt can actually be good for you. Good debt are debts that as you pay them down, your net worth increases. … Continue reading Good Debt v. Bad Debt
It seems like a crazy idea – someone can actually make too much money to file bankruptcy, but in the case of a Chapter 7, that can happen. It’s all because of a form called a Means Test that must be filed whenever anyone is above median income for the state in which they reside. … Continue reading What do you mean, I make too much to file bankruptcy?
Thinking of filing bankruptcy? Here’s a list of Do’s and Don’t’s before bankruptcy: 1. Do file your taxes – According to the bankruptcy code, a person must have filed the last four years of taxes in order to be eligible for a discharge. If you haven’t filed your taxes, you can still file bankruptcy, just be prepared … Continue reading Do’s and Don’t’s if you are thinking of bankruptcy
A lot of people worry about recovering from bankruptcy. Here’s a list of some people you probably have heard of but didn’t know they had their greatest success after filing bankruptcy. Walt Disney, the famous cartoon creator, filed for bankruptcy in 1920 after one of his main client’s filed bankruptcy. In the year 1920 Disney … Continue reading Can you have a successful life after bankruptcy? Here’s a list of some who did just that!
Everyone has been in this situation: you need money fast, maybe for a car repair, medical bill, or simply to buy groceries. Unfortunately, your bank account is at zero and its still a week until payday. You pass a payday loan store every day on your way to work, so you stop in to check … Continue reading Payday loans can snowball until you are in a blizzard of debt!
Can you relate to trouble regarding finances? Most people can. Your own financial status likely fluctuates from year to year or even month to month. That’s because global, national and local economies have an impact on your own financial situation even here in Mississippi. There are several issues that often prompt serious financial problems these … Continue reading Did your financial scale tip the wrong way?
The answer to that question is different for each person that I speak with. The short answer is to protect your assets. Most people don’t look at bankruptcy as a way to keep what they need but as a way to get rid of what the don’t want – debt. However, I look at what … Continue reading Why should I file bankruptcy?