Burr Law Office Blog

What Happens in Debt Consolidation?

Put simply, consolidation is when you take all of your various debts and fuse them into a single payment. However, this simple concept involves several important details that need to be accounted for before proceeding with debt consolidation. The rest of this article covers the different forms of consolidation and what needs to be considered […]

How Bad is it to File for Chapter 7 Bankruptcy?

These days, it’s all too easy to get in over your head in debt. A job loss, medical emergency, or even an unexpected increase in living expenses can put anyone in a tough financial situation that quickly spirals out of control. Filing for chapter 7 bankruptcy is a one option for wrangling wild money problems. […]

Things Chapter 13 bankruptcy does not cover

Many Americans are in debt. That’s the conclusion reached in multiple studies, including one from Motley Fool, a private financial and investing advice company based in Alexandria, Virginia. It revealed the average household debt was reportedly $101,915 as of the end of 2022 and that American households collectively carry over $17 trillion in debt as […]

What To Expect When Filling for chapter 7

While Chapter 7 bankruptcy may seem like an easy way out of debt, the process can be complicated and emotionally draining. But this shouldn’t scare you, as Chapter 7 will eliminate most of your debts and give you a chance to start afresh. The initial step is to get hold of a bankruptcy attorney who […]

Utility Bills & Bankruptcy

Have you ever opened your utility bill to find an unpleasant surprise? Utility bills can sneak up on you when you least expect it. The good news is that there are laws in place to protect you if utility bills become unaffordable. You have options like payment plans, reduced rates, or, in extreme cases, declaring […]

Should I File for Bankruptcy if I Have Medical Debts?

Many Americans have unpaid medical bills. That’s the conclusion reached in several studies, one of which comes from the online loan marketplace LendingTree. It revealed an estimated 1 in 4 Americans have medical debt. It further pointed out that millennials account for 30% of Americans with medical debt, with 24% of Gen Xers, 22% of […]