Burr Law Office Blog

Rebuilding Credit After Bankruptcy

When you declare bankruptcy, you are able to eliminate or diminish your debt, but it does leave its mark. Any credit cards you have when you file for bankruptcy will be unavailable to you, and the bankruptcy stays on your credit report for 7 to 10 years. That doesn’t mean that you are doomed to […]

Key Considerations of Debt Consolidation

Do you feel like you’re being nickeled and dimed to death with all of your monthly financial obligations? Maybe you’ve seen ads about debt consolidation where you just pay one time and your debt actually decreases. In this post, we will look at debt consolidation and explore its implications. Debt Consolidation: What Is It? In […]

Ways You May Be Hurting Your Credit Score

Your credit score is important for all financial matters. When you want to get a credit card, finance a car, or take out a home equity loan, your lender will always consider your credit score before agreeing to a loan. And the terms of that loan will also depend on your credit score. If your […]

Understanding Your Credit Report

Finances are complicated, and they are further complicated by your credit report. Your credit score fluctuates constantly, and knowing how various things will affect your credit report is important to your overall financial planning. Here, we’ll explore the various factors that cause your credit score to go up or down, and how long those factors […]

A Risk/Benefit Analysis of Chapter 13

Chapter 13 bankruptcy acts much more like a reorganization than a Chapter 7 bankruptcy. It’s often called the “Wage-Earner’s Bankruptcy,” because it is designed for someone who has a regular income, but has become mired in unmanageable debt. Unlike Chapter 7 bankruptcy (also called “Liquidation Bankruptcy”), it doesn’t have an income limit and you won’t […]

Bankruptcy After Lockdown?

The last year has been challenging for all of us in many ways. Americans have lost jobs at a rate not seen since the Great Depression. Industries–especially those in retail, tourism, and hospitality–have experienced crushing lockdowns. The government has passed a number of COVID-19 bills to mitigate the worst of these effects, beginning in March […]