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 […]
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 […]
https://www.burrlawoffice.com/wp-content/uploads/2016/12/Burr-Logo-bw.png00Anthony Boddenhttps://www.burrlawoffice.com/wp-content/uploads/2016/12/Burr-Logo-bw.pngAnthony Bodden2023-07-06 12:07:112023-09-06 12:09:36What To Expect When Filling for chapter 7
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 […]
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 […]
https://www.burrlawoffice.com/wp-content/uploads/2016/12/Burr-Logo-bw.png00Anthony Boddenhttps://www.burrlawoffice.com/wp-content/uploads/2016/12/Burr-Logo-bw.pngAnthony Bodden2023-05-24 11:57:022023-09-06 12:03:42Should I File for Bankruptcy if I Have Medical Debts?
Bankruptcy is a legal process that allows individuals and businesses to eliminate or restructure their debts. It involves petitioning the court for protection from creditors, allowing them to wipe away certain types of debt or reorganize payment plans on outstanding debt. When filing for bankruptcy, an individual can choose between Chapter 7 and Chapter 13. […]
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 Burr2023-04-24 23:06:322023-05-24 23:08:15Is Bankruptcy a good option to avoid home foreclosure?
A divorce’s financial and emotional strain can take its toll on anyone. One of the most frustrating aspects of dealing with a newly single life is navigating the world of finances, specifically credit card debt, taxes, and banking. The interplay between divorce, debt, and bankruptcy can be complex in the context of divorce. The timing […]
Things Chapter 13 bankruptcy does not cover
/in Bankruptcy, Chapter 13 /by Anthony BoddenMany 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
/in Bankruptcy, Chapter 7 /by Anthony BoddenWhile 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
/in Bankruptcy, Chapter 13, Chapter 7, Utility Shutoff /by Anthony BoddenHave 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?
/in Bankruptcy, Chapter 13, Chapter 7, Medical /by Anthony BoddenMany 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 […]
Is Bankruptcy a good option to avoid home foreclosure?
/in Bankruptcy, Chapter 13, Chapter 7, Foreclosure /by Mike BurrBankruptcy is a legal process that allows individuals and businesses to eliminate or restructure their debts. It involves petitioning the court for protection from creditors, allowing them to wipe away certain types of debt or reorganize payment plans on outstanding debt. When filing for bankruptcy, an individual can choose between Chapter 7 and Chapter 13. […]
Divorce Debt & Bankruptcy
/in Bankruptcy, Chapter 13, Chapter 7, Divorce Debt /by Mike BurrA divorce’s financial and emotional strain can take its toll on anyone. One of the most frustrating aspects of dealing with a newly single life is navigating the world of finances, specifically credit card debt, taxes, and banking. The interplay between divorce, debt, and bankruptcy can be complex in the context of divorce. The timing […]