Shreveport Bankruptcy Law Blog
The facts about wage garnishments
If you owe a debt that you cannot pay in Louisiana and the creditor takes you to court to get a judgment against you, then the court can order you to pay the debt. If you do not pay it voluntarily, then the creditor may go back to the court and request the right to...
How serious is the problem of medical debt?
If you or someone in your family in Louisiana contracts a disease, sustains a serious injury or otherwise becomes very ill, you may struggle with how to pay for the medical treatment necessary. The sheer cost of health care in America often prevents people from...
Are these signs of creditor harassment?
No resident of Louisiana wants to be in debt, but life is sometimes unpredictable. You cannot anticipate every financial issue that may come your way. If life circumstances lead you into debt, this does not make you a bad person. It does not justify the abusive...
Why bankruptcy may be good for your health
Some Louisiana residents with debt problems try to avoid bankruptcy at all costs, fearing that the stigma of going through bankruptcy will brand them a financial failure. However, remaining under the pressure of financial debt without seeking bankruptcy relief can...
Retirement account exemptions in bankruptcy
The idea of starting over financially may seem appealing to many people struggling with debt in Louisiana. However, if you have a sizable retirement account, beginning from scratch at this point in your career may feel terrifying. At Simon Fitzgerald LLC, we...
Understanding Chapter 13 lien stripping
If your Louisiana job pays you a decent salary or wage, but you still find yourself swimming in debt to the extent that you fear your home will go into foreclosure, Chapter 13 bankruptcy may be the answer to your financial problems. Chapter 13 accounts for most...
Warning signs of out-of-control debt
Filing bankruptcy in Louisiana is often a last resort, but it can be the best decision. Unfortunately, many people put off making the decision to file. This can lead to further issues with collections and judgments that only further aggravate your finances. The best...
How to successfully recover from bankruptcy
Bankruptcy can help ease financial stress for people in Louisiana, but it can be scary to start over. People have the chance for a do-over, and those who make smart decisions can recover from bankruptcy and go on to be successful. Many people think it will take ten...
Will bankruptcy destroy your credit permanently?
To file for bankruptcy does not mean that you can never rebuild your credit. For those who struggle with debt in Louisiana, bankruptcy is sometimes the best option. According to Credit Karma, bankruptcy stays on your credit report for 10 years, however this does not...
An increasing number of baby boomers are filing for bankruptcy
Baby boomers in Louisiana and elsewhere may face unique financial challenges as they approach retirement and anticipate lessened incomes. According to Business Insider, an increasing number of Americans aged 65 or older are filing for bankruptcy protection. The number...
