Shreveport Bankruptcy Law Blog
A look into a debtor’s obligations
Louisiana residents have options to choose from if they fall into debt. One of these options is bankruptcy. Two types are common for individuals. These are Chapter 7 and Chapter 13. Today, we will take a look at Chapter 13 bankruptcy. This bankruptcy has many benefits...
What can bankruptcy’s automatic stay protect you against?
When your bills begin to spiral out of control, it may prove tremendously unnerving. Additionally, you may find that your stress mounts when creditors begin contacting you and demanding the payments you owe. Depending on circumstances, you may find some relief from...
Qualifications needed to file for Chapter 7 bankruptcy
Considering Bankruptcy Louisiana residents sometimes find themselves struggling with finances. In these cases, you may feel like filing for bankruptcy is your best option. Today we will look at how bankruptcy can offer you the help you need. We will start by...
Are you going to lose your dog during bankruptcy?
Many Louisianans have more debt than they can successfully manage. If you fall into this category, you likely know how stressful crippling debt can be. After all, not only may you struggle to pay your bills, but you must also likely put up with annoying collections...
COVID-19 and bankruptcy
The recent coronavirus outbreak has many people on edge, from business owners to workers who have lost their job. This virus has prompted many establishments to close their doors and has generated a considerable amount of financial uncertainty, from wild activity in...
Timeline of a Chapter 7 bankruptcy
When you finally file your Chapter 7 bankruptcy, you may feel a huge sense of relief. It will stop creditors from calling you and can help pause any legal proceedings against you brought by creditors. However, filing is only the first step. It will take some time for...
Understanding the Chapter 7 means test
It is often portrayed that those people in Shreveport who seek personal bankruptcy protection are abusing the privilege simply to get out of having to pay their bills. This leads to a stigma being associated with bankruptcy. Yet in reality, federal bankruptcy laws...
What is the bankruptcy means test?
If you want to file for bankruptcy protection, then you will have to choose which Chapter you will file. Chapter 7 bankruptcy allows you to liquidate your non-exempt assets to repay your debt and then the court dismisses any remaining debt you cannot pay off. Chapter...
Can businesses file Chapter 13?
There is a chance that your company could file for Chapter 13 personal bankruptcy. If you qualify for and adhere to the strict repayment plan associated with this type of debt reorganization, it could represent a way for you to continue doing business, keep your home...
A growing number of Americans are living paycheck-to-paycheck
While the average U.S. household income is about $50,000, it may not stretch far enough in between paychecks. As reported by CNBC, about 32% of working individuals find themselves short of cash before every payday. Researchers found that workers earning less than...
