Regarding financial well-being, no one wants the burden of tax debt to weigh them down. Whether you’re a small business owner coping with IRS liens or an individual overwhelmed by the amount they owe in back taxes, eliminating your tax bill can be daunting and confusing. This blog post provides an overview of what you […]
Debt consolidation is a financial strategy that combines all your existing debts into one single loan, making it easier to manage and pay off debt. The benefits of consolidation include lower interest rates, fewer payments to keep track of each month, and increased credit scores over time. However, consolidation is only sometimes the best option […]
https://www.burrlawoffice.com/wp-content/uploads/2016/12/Burr-Logo-bw.png00Mike Burrhttps://www.burrlawoffice.com/wp-content/uploads/2016/12/Burr-Logo-bw.pngMike Burr2023-03-24 22:49:122023-05-24 23:09:37When Is Debt Consolidation a Good Idea?
In times of financial distress, bankruptcy can help people regain control of their finances. However, you should know that not all debts can be discharged in bankruptcy proceedings. This guide examines the debts exempt from bankruptcy under Chapters 7 and 13, shedding light on the limitations and nuances of each chapter. Chapter 7 Bankruptcy: A […]
https://www.burrlawoffice.com/wp-content/uploads/2016/12/Burr-Logo-bw.png00Mike Burrhttps://www.burrlawoffice.com/wp-content/uploads/2016/12/Burr-Logo-bw.pngMike Burr2023-02-24 22:41:552023-05-24 22:45:58What Debts are Exempt from Filing For Bankruptcy?
If you fail to make debt payments, your creditor may take legal action by suing you and seeking a court judgment. Once this occurs, the creditor can ask the court to garnish your bank account or wages to reimburse the debt. However, a wage garnishment can worsen an already difficult situation if you’re already struggling […]
Bankruptcy has become an increasingly popular option for debtors in the past decade, with experts crediting this rise to the increasing instability of the economy and low-income families. While bankruptcy has traditionally been pursued by those who have lost their job and fallen into overwhelming debt, recent statistics show that it is now an option […]
For many people, their car is essential to their daily life. It gets them to work, school, and other essential places. However, if you’re struggling with debt and facing bankruptcy, you may be worried about losing your car through repossession. Fortunately, bankruptcy may help you keep your car and even reduce debt. What is Bankruptcy? […]
Eliminating Tax Debt
/in Bankruptcy, Chapter 13, Chapter 7, Taxes /by Mike BurrRegarding financial well-being, no one wants the burden of tax debt to weigh them down. Whether you’re a small business owner coping with IRS liens or an individual overwhelmed by the amount they owe in back taxes, eliminating your tax bill can be daunting and confusing. This blog post provides an overview of what you […]
When Is Debt Consolidation a Good Idea?
/in Bankruptcy, Debt Consolidation /by Mike BurrDebt consolidation is a financial strategy that combines all your existing debts into one single loan, making it easier to manage and pay off debt. The benefits of consolidation include lower interest rates, fewer payments to keep track of each month, and increased credit scores over time. However, consolidation is only sometimes the best option […]
What Debts are Exempt from Filing For Bankruptcy?
/in Bankruptcy, Chapter 13, Chapter 7 /by Mike BurrIn times of financial distress, bankruptcy can help people regain control of their finances. However, you should know that not all debts can be discharged in bankruptcy proceedings. This guide examines the debts exempt from bankruptcy under Chapters 7 and 13, shedding light on the limitations and nuances of each chapter. Chapter 7 Bankruptcy: A […]
Stopping Wage Garnishment
/in Bankruptcy, Chapter 13, Chapter 7, Wage Garnishment /by Mike BurrIf you fail to make debt payments, your creditor may take legal action by suing you and seeking a court judgment. Once this occurs, the creditor can ask the court to garnish your bank account or wages to reimburse the debt. However, a wage garnishment can worsen an already difficult situation if you’re already struggling […]
Bankruptcy and Credit Card Debt
/in Bankruptcy, Chapter 7, Credit, Credit Card, Debt Collection /by Mike BurrBankruptcy has become an increasingly popular option for debtors in the past decade, with experts crediting this rise to the increasing instability of the economy and low-income families. While bankruptcy has traditionally been pursued by those who have lost their job and fallen into overwhelming debt, recent statistics show that it is now an option […]
Bankruptcy & Car Repossession
/in Bankruptcy, Chapter 13, Chapter 7, Debt Collection, Repossession /by Mike BurrFor many people, their car is essential to their daily life. It gets them to work, school, and other essential places. However, if you’re struggling with debt and facing bankruptcy, you may be worried about losing your car through repossession. Fortunately, bankruptcy may help you keep your car and even reduce debt. What is Bankruptcy? […]