When you are struggling with debts, the actual amount of debt that you have could make you feel as though it is impossible for you to ever be debt-free. However, when you take a step back and divide the repayment goal into monthly, manageable chunks, the debt probably...
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Learn more about the most flexible bankruptcy chapter
When an individual is struggling with accumulating debts, it is likely that he or she has considered filing for bankruptcy as a solution to this situation. However, it's easy to become overwhelmed with the different choices in regard to all of the bankruptcy chapters....
Avoiding tax issues during Chapter 13 bankruptcy
Chapter 13 bankruptcy allows individuals to repay some or all their debt in a few years. While this is a great option for some, it’s important to stay current on expenses and stick with the payment plan. Problems with taxes oftentimes occur while individuals are...
How your small business can benefit from Chapter 11 bankruptcy
Running a business can be tough. While you can work tirelessly to make your business a success, sometimes there are simply factors beyond your control that will mean that the going gets tough. If your business finds itself struggling against seemingly ever-increasing...
Are all farmers eligible for Chapter 12 bankruptcy?
If you are a farmer in the state of Florida and you are struggling with increasing debts, it is likely that you have considered ways that you can relieve yourself of such a heavy financial burden. While bankruptcy is considered by many as a last resort, it can be a...
Deciding whether to file for Chapter 13 bankruptcy
Deciding to file for bankruptcy can be a very difficult decision to make. Sometimes it may feel as though it would be easier to bury your head in the sand and pretend that your debts do not exist. But the fact of the matter is that in order to free yourself from your...
Large estates are best suited to Chapter 11 bankruptcy
If you are the owner of a large home but are struggling with finances, particularly increasing debts, you may not know which way to turn. If your outgoings are not matching up with your income although your income is high, it may be time to reconsider the way that you...
Can I eliminate multiple liens through bankruptcy?
If you're considering Chapter 11 or Chapter 13 bankruptcy, it's possible that you're dealing with multiple liens against your home or other property. This could be in the form of a second mortgage on your primary residence, but could also relate to investment...
Filing for bankruptcy as a Florida restaurant
Restaurants can go through periods of huge success, but just as quickly can come periods of hardship. This is why it is important for restaurants to keep a view on the long term, and factor in the possibility of financial hardships and debts. While bankruptcy is for...
Chapter 12 bankruptcy can help you take control of farm finances
Operating a profitable family farm is not always easy. There are major expenses that the average person would never even think of that are necessary to successfully run a farm. Machinery for planting and harvesting crops, as well as seed stock or root stock for...