Often conscientious people delay getting the help they need, not so much out of pride as out of shame at having to ask for help. But bankruptcy exists for a reason. For every person who abuses the process, there are many who simply need the financial relief that bankruptcy provides. As with depression, or anxiety, […]
What Is Consumer Credit? Although any type of personal loan could be labeled consumer credit, the term is usually used to describe unsecured debt that is taken on to buy everyday goods and services. Credit cards issued by banks or other financial institutions, department store cards, gas cards–are all examples of revolving credit. Installment loans […]
The short and not very helpful answer is maybe. If you file to discharge joint debts, that will likely appear on your spouse’s credit report. Creditors will be notified of your filing, and will likely come after your spouse for payment of debts. Whether and how much one spouse’s filing for bankruptcy will affect the […]
Divorce, like marriage, doesn’t directly affect your credit. You and your ex-spouse will still have separate credit reports. That said, divorce is usually a time of considerable stress, and legal and other expenses, loss of income due to interruption of routine, and inability to keep on top of expenses or disagreements about untangling finances can […]
The short answer here is: yes, you can. But should you? Bankruptcy law is complicated and every family’s situation is different, so it’s best to consult with one of the experts at Burr Law if you are thinking about bankruptcy with or without your spouse. Here are some considerations to contemplate. How Long Have You […]
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 Burr2020-07-09 14:51:582020-07-09 14:53:18Can You File Bankruptcy Without Your Spouse?
When you feel overwhelmed by debt, it’s wise to consider bankruptcy. However, if those same feelings of drowning in debt prevent you from seeking professional help with your bankruptcy, you are doing yourself and your family a grave disservice. Bankruptcy is complicated; it even has its own judicial system. Bankruptcy involves negotiation with all interested […]
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 Burr2020-07-09 14:49:132020-07-09 14:49:13File Bankruptcy Without a Lawyer: 3 Reasons You Shouldn’t
Fears of Bankruptcy
/in Bankruptcy, Chapter 13, Chapter 7 /by Mike BurrOften conscientious people delay getting the help they need, not so much out of pride as out of shame at having to ask for help. But bankruptcy exists for a reason. For every person who abuses the process, there are many who simply need the financial relief that bankruptcy provides. As with depression, or anxiety, […]
Consumer Credit Bankruptcy
/in Bankruptcy, Chapter 13, Chapter 7, Credit, Credit Card, Credit Rating /by Mike BurrWhat Is Consumer Credit? Although any type of personal loan could be labeled consumer credit, the term is usually used to describe unsecured debt that is taken on to buy everyday goods and services. Credit cards issued by banks or other financial institutions, department store cards, gas cards–are all examples of revolving credit. Installment loans […]
Would Bankruptcy Affect My Partner?
/in Chapter 13, Chapter 7, Uncategorized /by Mike BurrThe short and not very helpful answer is maybe. If you file to discharge joint debts, that will likely appear on your spouse’s credit report. Creditors will be notified of your filing, and will likely come after your spouse for payment of debts. Whether and how much one spouse’s filing for bankruptcy will affect the […]
Does Divorce Hurt Your Credit?
/in Credit, Divorce Debt, Family /by Mike BurrDivorce, like marriage, doesn’t directly affect your credit. You and your ex-spouse will still have separate credit reports. That said, divorce is usually a time of considerable stress, and legal and other expenses, loss of income due to interruption of routine, and inability to keep on top of expenses or disagreements about untangling finances can […]
Can You File Bankruptcy Without Your Spouse?
/in Bankruptcy, Family /by Mike BurrThe short answer here is: yes, you can. But should you? Bankruptcy law is complicated and every family’s situation is different, so it’s best to consult with one of the experts at Burr Law if you are thinking about bankruptcy with or without your spouse. Here are some considerations to contemplate. How Long Have You […]
File Bankruptcy Without a Lawyer: 3 Reasons You Shouldn’t
/in Bankruptcy, Legal /by Mike BurrWhen you feel overwhelmed by debt, it’s wise to consider bankruptcy. However, if those same feelings of drowning in debt prevent you from seeking professional help with your bankruptcy, you are doing yourself and your family a grave disservice. Bankruptcy is complicated; it even has its own judicial system. Bankruptcy involves negotiation with all interested […]