Can you get a loan after bankruptcy?
Rothschild & Ausbrooks Attorneys At Law | Middle Tennessee Bankruptcy Blog
by On Behalf of Rothschild & Ausbrooks, PLLC
2w ago
Getting your financial health back on track by filing for bankruptcy is possible. However, when you do this, you may be limited financially for the short term. For example, it may be harder for you to be approved for loans or credit after filing.  If you need a personal loan after filing for bankruptcy, it may be approved. The amount of time it will take to get the loan depends on the type of bankruptcy you choose and how long it has been since you filed.  Chapter 7 vs. Chapter 13 bankruptcies If you file for Chapter 7 bankruptcy, it will remain on your credit for 10 years. A Chapter ..read more
Visit website
Will bankruptcy hurt my future career?
Rothschild & Ausbrooks Attorneys At Law | Middle Tennessee Bankruptcy Blog
by On Behalf of Rothschild & Ausbrooks, PLLC
1M ago
If you are going through financial problems, the last thing you want is trouble finding or keeping a job. However, if you are like most people contemplating bankruptcy, then chances are you are wondering how bankruptcy will impact your current and/or future employment prospects.  Will you lose your current job or have a difficult time finding work after declaring bankruptcy? Well, the answer to these questions is somewhat complicated and depends on a number of factors.  Bankruptcy and your current job It is safe to note that you cannot lose your job by virtue of declaring bankruptcy ..read more
Visit website
What debts are discharged in a chapter 7 bankruptcy?
Rothschild & Ausbrooks Attorneys At Law | Middle Tennessee Bankruptcy Blog
by On Behalf of Rothschild & Ausbrooks, PLLC
2M ago
Filing for bankruptcy can be a confusing and difficult process, as well as an emotionally challenging one. It’s a decision that no one takes lightly and you need to be clear on exactly what it means for you. It can, however, be a really smart financial decision that gives you the chance to be debt free and feel like you can breathe again.  A chapter 7 bankruptcy is one of the most common routes individuals take in discharging their debt. One thing people are often not sure of is just exactly what debts are covered under this chapter.  Chapter 7 bankruptcy discharges unsecured debts U ..read more
Visit website
3 tips to help you rebuild after bankruptcy
Rothschild & Ausbrooks Attorneys At Law | Middle Tennessee Bankruptcy Blog
by On Behalf of Rothschild & Ausbrooks, PLLC
2M ago
The realization that you can’t pay all your bills each month can quickly put you into survival mode, which means you only pay what’s necessary to live. Late fees and negative marks on your credit report are likely going to affect you.  For some people, the hope of getting these debts taken care of gets a little farther away with each missed payment. One option that will help them is to file for bankruptcy. For some, the fear of how they’ll rebuild their credit makes them think twice about bankruptcy. The fact is that it’s possible to rebuild your credit even stronger than it was before. 1 ..read more
Visit website
Common confusion between Chapter 7 and Chapter 13 bankruptcy
Rothschild & Ausbrooks Attorneys At Law | Middle Tennessee Bankruptcy Blog
by On Behalf of Rothschild & Ausbrooks, PLLC
2M ago
People who have too much debt and can’t make payments often declare bankruptcy to help relieve them of their financial obligations. This often saves debtors from the long-term damages and consequences of unpaid debt. Otherwise, too much debt can hamper the ability to take on loans. While people have many bankruptcy options, typically, people only file for Chapter 7 or Chapter 13 bankruptcy – two of the most commonly used debt relief solutions. While the end result of any form of bankruptcy is to relieve debt, Chapter 7 and Chapter 13 bankruptcy work differently from each other, which causes mu ..read more
Visit website
Bankruptcy isn’t likely the filer’s fault
Rothschild & Ausbrooks Attorneys At Law | Middle Tennessee Bankruptcy Blog
by On Behalf of Rothschild & Ausbrooks, PLLC
3M ago
Many people think that bankruptcy is always the filer’s fault, but this isn’t the case. There are many reasons for bankruptcy that the person who’s filing couldn’t help.  Understanding some of the reasons why people need to turn to bankruptcy may help them to decide if they need to file. It could also help them to feel better about needing to file.  Medical expenses are a major contributing factor People who get sick or become injured will have medical expenses from those. Even with insurance, these may come with higher co-pays or deductibles. Illness can increase the bills and leave ..read more
Visit website
What will you actually lose in a liquidation bankruptcy? 
Rothschild & Ausbrooks Attorneys At Law | Middle Tennessee Bankruptcy Blog
by On Behalf of Rothschild & Ausbrooks, PLLC
3M ago
One of the most common forms of debt relief people take is Chapter 7 bankruptcy. Chapter 7 bankruptcy is also called liquidation bankruptcy because many people have to go through a liquidation process to pay off some of their debt. Liquidation is the act of selling off assets to pay off creditors.  Many people's initial thoughts are that they will have to sell off everything they own after filing for Chapter 7 bankruptcy. However, this is a common misconception. Here’s what you should know: What are exempt or non-exempt assets? Assets are considered either exempt or non-exempt in a Chapte ..read more
Visit website
Can you discharge medical debt?
Rothschild & Ausbrooks Attorneys At Law | Middle Tennessee Bankruptcy Blog
by On Behalf of Rothschild & Ausbrooks, PLLC
4M ago
If you declare bankruptcy, there are two major categories that a lot of your debt will fit into. First, you have priority debt. Examples of this are things like student loans – at least, in most cases – child support payments, or back payments that you owe for taxes. With priority debts, you typically cannot discharge them in bankruptcy. There are some situations in which student loans can be discharged, but it is not common. Things like child support certainly have to be paid, even by someone who is going through bankruptcy. Back taxes need to be paid unless you reach an agreement with the IR ..read more
Visit website
Being proactive in tackling debts 
Rothschild & Ausbrooks Attorneys At Law | Middle Tennessee Bankruptcy Blog
by On Behalf of Rothschild & Ausbrooks, PLLC
4M ago
Being in debt can feel very overwhelming. It is not uncommon for individuals in this situation to bury their heads in the sand and hope it all goes away. Unfortunately, debts generally don’t just disappear. In fact, the longer they remain unaddressed, the worse they usually become.  By taking a proactive approach, you can get a handle on the situation and you might even start to feel a lot better. Outlined below are a few tips on how to proactively tackle your debts.  Be honest with the creditor  Initially, the company that you owe money to will contact you first to seek payment ..read more
Visit website
What happens to your credit cards when you file for bankruptcy?
Rothschild & Ausbrooks Attorneys At Law | Middle Tennessee Bankruptcy Blog
by On Behalf of Rothschild & Ausbrooks, PLLC
5M ago
Personal debt can slowly accumulate over many years. It may have started with student loans while you got your degree. Then, because of your large student loan payments, you had to use credit cards to cover your basic cost of living expenses while establishing yourself as a professional. Now, you find yourself in this situation where you need credit cards to get by every month but you also struggle to pay your credit card bills. Filing for bankruptcy can be a way to reduce how much you have to pay towards your basic expenses every month, and it can lead to the discharge of what you owe on your ..read more
Visit website

Follow Rothschild & Ausbrooks Attorneys At Law | Middle Tennessee Bankruptcy Blog on Feedspot

Continue with Google
OR