Author Archives: Jay Butchko
Are There Consequences Of Filing For Bankruptcy?
The United States Bankruptcy Code offers people struggling with overwhelming debt an opportunity to start over financially. In the U.S., the two most commonly filed types of bankruptcy are Chapter 7 bankruptcy and Chapter 13 bankruptcy. With Chapter 7 bankruptcy, nonexempt assets are sold, and the proceeds go to paying off debt. On the… Read More »
Signs It Might Be Time To Start Considering Bankruptcy
Filing for bankruptcy may feel like giving up. It may feel like filing for bankruptcy means you are a failure. But the reality is that filing for bankruptcy does not mean you are a failure. It doesn’t mean you are giving up. The truth is that bankruptcy can help you get financial relief and… Read More »
5 Questions You Should Ask Before Filing For Bankruptcy
If you are struggling with debt, one of the options that can help you start over financially is bankruptcy. In fact, sometimes, bankruptcy is the best option. However, you should know that bankruptcy is not for everyone. Before filing for bankruptcy, it is also crucial that you understand all your options and what you… Read More »
Signs You Are Interviewing The Wrong Bankruptcy Attorney
If you are having financial troubles, bankruptcy is one of the legal options that can offer you relief. Chapter 7 bankruptcy can help you eliminate debt, and Chapter 13 bankruptcy can help you have your debts re-arranged in a way that makes it easier for you to make payments. If you are struggling financially… Read More »
Tips For Choosing The Right Bankruptcy Attorney
If you’re having problems meeting your financial obligations, you have options. One popular option that can help you start over with a clean financial slate is bankruptcy. Depending on your circumstances, you might be qualified to file either a Chapter 13 bankruptcy or Chapter 7 bankruptcy. Regardless of which Chapter of bankruptcy you qualify… Read More »
What Is A Chapter 13 Confirmation Hearing?
If a person is struggling with overwhelming debt, they can file for bankruptcy and get relief. Usually, people file either a Chapter 7 or Chapter 13 bankruptcy. A Chapter 7 bankruptcy allows a debtor to have all or most of their debts discharged by the bankruptcy court. On the other hand, filing for a… Read More »
Can I Go To Jail For Debt?
Debt is on the rise in America. Some of the common types of debt in America include student loans, credit cards, mortgages, home equity lines of credit (HELOCs), and auto loans. It was estimated that in 2021, the total personal debt in America was $14.96 trillion. According to research, 77% of American households have… Read More »
Negative Thoughts You Should Get Rid Of About Your Bankruptcy
If you are struggling with overwhelming debt, you have options. One of these options is filing bankruptcy. After you file, the automatic stay will prevent creditors from calling you and demanding payment. The automatic stay can prevent creditors from suing you and sending you letters. Also, a bankruptcy filing can stop an eviction, foreclosure,… Read More »
Rebuilding Your Credit After Filing Bankruptcy In Pennsylvania
Having a high credit score is quite important. You can easily obtain loans with lower interest rates with a high credit score. Apart from helping you secure loans with lower interest rates, a high credit score can help you when you’re looking for housing or applying for a job. If you are considering filing… Read More »
What Debts Are Not Discharged In Bankruptcy?
If you’re facing financial hardship because of overwhelming debts, one of the options that can help you start over financially is filing for bankruptcy. Usually, the aim of filing for bankruptcy is to obtain a “discharge” of debts. When debts are discharged, it means you are no longer obligated to pay back those debts…. Read More »