Most people who file for bankruptcy in Louisiana do so through either a Chapter 7 or a Chapter 13 format. There are some important differences between the two types of filings, including how long they take, how they work and how you qualify for them. If you wish to...
If you are behind on several car payments, you may fear repossession. Perhaps you wonder what to do next. There are a few options available. One is to contact your lender and request leniency. Another is to try selling your vehicle to pay off the loans or trading it...
There should be more to life than constantly struggling to pay monthly bills or worrying about your financial future. Still, if you are like the average American who is more than $90,000 in the red, your outstanding debt may be ruining your life. Your cat always seems...
Thoughts of bankruptcy often bring distress because of a misleading societal myth that a lack of responsibility causes financial problems. Many hardworking and responsible Americans, however, find themselves struggling when facing several pressing financial issues at...
Having too much debt often leads to stress and anxiety, and if you count yourself among the many people struggling to make ends meet this year, you may be thinking about bankruptcy. If you are thinking about doing so and are also a homeowner, you may have concerns...
While overwhelming debt is the primary cause of bankruptcy, what leads up to it varies from one person to the next. Every case is unique, but there are a number of common causes. Frequently, the reasons for money difficulties stem from major incidents. Health care...
When debt becomes insurmountable, declaring bankruptcy may help you gain a fresh start. While the process can have its daunting moments, Chapter 7 and Chapter 13 bankruptcy proceedings may also provide you with assistance when it comes to constant calls and letters...
While ChaotWhile Chapter 7 and Chapter 13 bankruptcies are both personal bankruptcies, they involve very different processes and may have different outcomes, too. Both types may give you a way to get back on your feet financially, but they involve different steps and...
If you are behind on your house payments like many Louisianians, you may be taking advantage of current mortgage protections. Unfortunately, loan forbearance only means putting off the inevitable; eventually, you will have to begin payments again, including any...
Despite what you may hear, bankruptcy is not the end of your retirement savings. When you know how bankruptcy impacts your retirement, you can take a proactive approach to planning for your future. Depending on the type of bankruptcy protection you file for and the...
