Chapter 13 bankruptcy provides a way for individuals to deal with their financial troubles. Often, people who file for Chapter 13 do not pass the means test for Chapter 7 liquidation bankruptcy. However, it might be possible for a Louisiana debtor to convert Chapter...
Filing for bankruptcy when unemployed
Bankruptcy is a financial tool that provides relief for people who need to get rid of debt but may not have adequate income to do so. Both individuals and married couples can file for Chapter 7 or Chapter 13 bankruptcy. You can also file if you are currently...
What can you do when a lender repossesses your vehicle?
Financial difficulties may mean dealing with collectors. When your vehicle is on the verge of repossession, you may believe you have few options. Chapter 13 bankruptcy is one way people in a financial crisis may find a way out. This particular type of personal...
What type of bankruptcy should you choose?
There are many reasons someone might choose to file for bankruptcy. Divorce, job loss, medical bills and student loans are a few. Bankruptcy is for people who have no reasonable hope of ever paying back all of their debt. If bill collectors are calling and you are...
Why you should disregard the stigma of filing for bankruptcy
Being heavily in debt in Louisiana can be overwhelming. It may seem like you have nowhere to turn but bankruptcy. While there’s a stigma associated with filing for bankruptcy, you should disregard it and know that there are many good things that can come out of it....
Can you keep your car during bankruptcy?
Filing for bankruptcy allows you the opportunity to reset your finances and start over. Getting rid of a majority of your debt may give you the resources and mental clarity to implement a new financial plan. As you prepare to file for bankruptcy, you may feel...
Chapter 13 filing fees are easy to afford
Many people, when struggling with ever increasing debts, are unsure of what to do. People in debt might know that their income is not nearly enough to pay off their existing debts along with interest. However, they are likely to believe that bankruptcy is an expensive...
The importance of a credit score versus debt: The truth
You've been struggling with money, and you know that something has to give. You're living paycheck to paycheck, barely making ends meet. Sometimes, you can't. One thing you've been worried about is your credit score. You know that a bad credit score hurts your chances...
