Pre-petition debt – Post-petition debt … What do they mean? It all comes down to when you incurred the debt. Meaning, what is the date that you bought something, charged something, or borrowed funds. Why do we care? In bankruptcy cases, the ‘when’ of these actions is a big deal. It can mean the difference [...]
No Bankruptcy – Consider the Alternatives … Bankruptcy vs Other Financial Options: Have you ever been stressed and overwhelmed by your debt situation? Have you ever wondered if bankruptcy would be right for you? Have you ever considered if there were other options you could try? Have you ever decided that bankruptcy should only be [...]
Credit Card Markets: Back in Business – Consumers Debt Soars. According to Cassandra Cassidy a writer for the Economy portion of Morning Brew, booming credit card debt is the result of higher prices caused by inflation, rising interest rates, and strong consumer confidence, as well as 24 million new credit cards issued in the last [...]
The best bankruptcy option for some debtors is a chapter 13. The reasons differ per debtor; however, usually it is because their income is too high for a chapter 7; they are behind on their mortgage and want to keep their house; they are behind on a car; have non-exempt property they wish to keep; [...]
