Bankruptcy. The very word can send chills up your spine. Many people fear filing for bankruptcy because they dread the thought of being ruined financially. What will this mean for my family? How will it affect my employment or business opportunities moving forward? As is with so many things in life, two more burning questions […]
Financial difficulties are a huge burden to thousands of people. Many continue to struggle long past the point that they should. Oftentimes, people resist the obvious option of bankruptcy because they have misconceptions about it, or fear its implications. In this post, we’ll explore some of the most prevalent myths about bankruptcy and how much […]
You may feel awash in debt, but reluctant to declare bankruptcy because you fear losing all your credit cards. It is true that you will lose access to your credit cards, and will likely have them shut down. But does that mean it’s impossible for you to get new credit cards after bankruptcy? No. 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 Burr2022-08-01 11:04:462022-09-21 11:06:40Applying for Credit Cards After Bankruptcy
When you’re having financial problems, it is likely that all of your household bills are affected, including your mortgage payments. While shelter is a basic survival requirement, you may have prioritized immediate needs like food, etc., and neglected your mortgage payments. When you fall behind on mortgage payments, your home may be foreclosed on, and […]
The short answer here is: Yes. The longer answer is: It depends on where the money is. Bankruptcy is designed to alleviate an untenable financial situation, not reduce you to abject poverty forever. You don’t have to give up everything when you file for bankruptcy. You can keep any property that qualifies as an exempt […]
Unpaid taxes can add up to a huge financial burden, especially on top of all your other expenses. And with more and more people freelancing and the gig economy in full swing, it’s not uncommon for people to have IRS debt. If you’re feeling overwhelmed by your financial situation, you may be considering bankruptcy. Bankruptcy […]
FILING FOR BANKRUPTCY – THE COST FACTOR
/in Bankruptcy, Chapter 13, Chapter 7, Uncategorized /by Mike BurrBankruptcy. The very word can send chills up your spine. Many people fear filing for bankruptcy because they dread the thought of being ruined financially. What will this mean for my family? How will it affect my employment or business opportunities moving forward? As is with so many things in life, two more burning questions […]
Bankruptcy Myths
/in Bankruptcy /by Mike BurrFinancial difficulties are a huge burden to thousands of people. Many continue to struggle long past the point that they should. Oftentimes, people resist the obvious option of bankruptcy because they have misconceptions about it, or fear its implications. In this post, we’ll explore some of the most prevalent myths about bankruptcy and how much […]
Applying for Credit Cards After Bankruptcy
/in Bankruptcy, Credit, Credit Card, Credit Rating /by Mike BurrYou may feel awash in debt, but reluctant to declare bankruptcy because you fear losing all your credit cards. It is true that you will lose access to your credit cards, and will likely have them shut down. But does that mean it’s impossible for you to get new credit cards after bankruptcy? No. You […]
What Happens in Foreclosure & Bankruptcy?
/in Bankruptcy, Chapter 13, Chapter 7, Foreclosure /by Mike BurrWhen you’re having financial problems, it is likely that all of your household bills are affected, including your mortgage payments. While shelter is a basic survival requirement, you may have prioritized immediate needs like food, etc., and neglected your mortgage payments. When you fall behind on mortgage payments, your home may be foreclosed on, and […]
Can You Declare Bankruptcy and Keep Money?
/in Bankruptcy /by Mike BurrThe short answer here is: Yes. The longer answer is: It depends on where the money is. Bankruptcy is designed to alleviate an untenable financial situation, not reduce you to abject poverty forever. You don’t have to give up everything when you file for bankruptcy. You can keep any property that qualifies as an exempt […]
Can You File Bankruptcy on IRS Debt?
/in Bankruptcy, Taxes /by Mike BurrUnpaid taxes can add up to a huge financial burden, especially on top of all your other expenses. And with more and more people freelancing and the gig economy in full swing, it’s not uncommon for people to have IRS debt. If you’re feeling overwhelmed by your financial situation, you may be considering bankruptcy. Bankruptcy […]