Is debt consolidation or bankruptcy better for credit card debt?
I am often asked if bankruptcy or debt consolidation is better for dealing with credit card debt. Although I am a bankruptcy attorney, I try to maintain an objective view...
Common myths about filing bankruptcy
As bankruptcy attorney, I often hear some of the same questions on why the potential client shouldn’t file bankruptcy. Here are some of the answers to debunk the myths to...
Do both spouses need to file bankruptcy?
This is one of my most popular questions I have from spouses who come to see me to file for bankruptcy protection. Many of the married couples have signed jointly...
Benefits of bankruptcy compared to debt consolidation companies
The first benefit of filing bankruptcy compared to debt consolidation companies is that all unsecured creditors are wiped out in a Chapter 7 bankruptcy. In a debt consolidation program, you...
What are some ways to increase my credit score after the bankruptcy discharge?
Here are some ways to increase your score after you obtain your bankruptcy discharge: 1. Apply for 1-3 secured credit cards. I recommend getting a card that will allow you...
Top Five ways to prevent having to file for Bankruptcy
1. Maintain adequate medical insurance. 2. Maintain longterm disability insurance. 3. Maintain at all times a six to nine month nest egg of cash for emergencies. 4. Do not use...
Does Chapter 7 eliminate medical and credit card debts?
Does Chapter 7 eliminate medical and credit card debts? Yes. I would say a majority of my clients filing for Chapter 7 bankruptcy relief are doing so to rid themselves...