A bankruptcy may remain on a petitioner's credit report for up to 10 years. Individuals who recently had their debts discharged may wish to begin considering some of the possible post-bankruptcy outcomes and opportunities. Without a need to worry about creditor...
Preparing to buy a house after bankruptcy
Preparing to purchase a home in Louisiana requires careful planning, especially after going through a bankruptcy. Contrary to what some would have you believe, just because you filed for bankruptcy does not mean you can never buy another home. There are plenty of...
Losing a job and health insurance may require bankruptcy relief
An unexpected job loss often results in losing an employer-provided health insurance plan. Without the means to cover personal or family member health care, medical issues may result in an overwhelming debt load. In many cases, bankruptcy may provide an individual or...
Can bankruptcy dispose of all of my debt?
One of the most common misconceptions about bankruptcy in Louisiana is that it can clear all debts you owe. Bankruptcy can help dispose of many types of debt, but there are some obligations that it cannot reach. Understanding what bankruptcy can and cannot address...
Can you keep your home in bankruptcy?
If you are like many homeowners who live with oppressive debt, you may fear that filing for bankruptcy will cause you to lose your home. This fear may prevent you from taking the necessary measures to relieve yourself of debt and gain a fresh financial start. Though...
What assets can you keep after bankruptcy?
When you file for bankruptcy in Louisiana, the state exemptions determine the assets you can keep. Unlike some states, Louisiana does not allow you to choose between state and federal exemptions. If you have concerns about losing your property in bankruptcy, review...
What are the duties of a Chapter 13 bankruptcy trustee?
If you plan to file for Chapter 13 bankruptcy protection, you will almost certainly deal with a bankruptcy trustee. A trustee in bankruptcy is someone appointed by the court with certain responsibilities and powers. The authority of a trustee will vary depending on...
Why bankruptcy may be your best option
When you start to lose control of your finances, it may keep you up at night. If you are experiencing an ongoing furlough from work or worrying about the eventual end of your unemployment payments, you may feel particularly fearful of the future. Like many facing...
What are debt relief scams?
When you find yourself in over your head when it comes to debt, bankruptcy might be the best option. Filing for bankruptcy can provide relief from creditors while also affording you a clean financial slate to rebuild on. However, misconceptions about the process lead...
Leveraging credit cards to rebuild your credit
Filing for bankruptcy in Louisiana will affect your credit score, but only temporarily. While many people would have you believe otherwise, bankruptcy is not as detrimental to your credit standing as it may seem. Utilizing your options for rebuilding your credit and...
