People worry about debt. They also worry about their credit score. One of the reasons people facing a difficult financial crisis avoid bankruptcy is because they are worried about its effect on their credit score and credit report in the future. However, while filing for Chapter 7 might lower your credit score in the short-term, […]

When tax season rolls around, people and families look forward to receiving and spending their federal tax refund. It is not uncommon for people to rely on their tax refund to pay-off debts or other household expenses. Sometimes, the refund is just some old fashion spending money. However, people in California who filed for bankruptcy […]

This article originally appeared in politicalsay on February 19, 2021 at https://politicsay.com/ag-letitia-james-wont-sue-nyc-over-taxi-medallion...

AG Letitia James won’t sue NYC over taxi medallion debt

The Chapter 13 bankruptcy trustee appointed to your case oversees the administration of the plan. In this article, we’ll list down the tasks of a trustee and how payment is carried out.
Chapter 13 in Brief
Among the different types of bankruptcy, Chapter 13 is also known as reorganization bankruptcy, or the wage earner’s plan. Under this bankruptcy chapter, you can keep your property and prevent foreclosure.

People have some expectations and questions when they file for bankruptcy in California. On the top of a debtor’s list is whether they can keep their house or their car. However, outside of their residence and vehicle, one of the most expensive items people own is in their pocket. A cell phone or smartphone is […]

This article originally appeared on Forbes on February 16, 2021 the article can be found at:
https://www.forbes.com/sites/markkantrowitz/2021/02/16/student-loan-forg...

Student Loan Forgiveness Myths

 In February 2020, Congress passed a new law establishing a new small business bankruptcy filing subchapter, known as “Subchapter V”.

It can be tough to get back on your feet after a bankruptcy. This harms your credit score and makes it hard to apply for new loans. However, it’s not impossible! With discipline and patience, you can surely get on the way to rebuilding your credit score. The following tips will help you improve your credit bit by bit
1. Keep Your Balances Low

FTC B

A bankruptcy filing is a legal proceeding that enables a debtor to repay debts from his or her creditors. For individuals who are struggling with debt and financial problems, filing bankruptcy would be beneficial. It allows them to have a fresh start and to improve their lives through proper financial management.