When filing for bankruptcy, you may worry about what will happen to your assets. What you may not consider is what will happen to your artistic works and royalties. Artistic works fall under intellectual property (IP) and can include things such as composed songs, films, or literary works. Artistic Works in Bankruptcy If you have [...]
Did you know that the Federal Reserve Bank of NY's recent report shows that Americans' total household debt has increased? In fact, the "total debt balance is now $1.1 trillion higher than at the end of 2019." Don't rely on credit cards or loans to get by, you have options! So, What Are My Options? [...]
For many people who had difficulties making mortgage payments due to the pandemic, forbearance options were available. However, what happens to your home when forbearance ends and you still need help? My Mortgage Forbearance Ended, Now What? For most loans, your mortgage servicer will offer payment plans to cover the missed payments. However, some servicers may [...]
Are you ready to file for bankruptcy, but your spouse is against the idea? You are not alone. Bankruptcy can be a scary endeavor, especially if you or your spouse have misconceptions about the process and results. Here's what you need to know: Why Should You File Together? When a couple files together, they can [...]
Have you been notified that your account is going to be charged off? You may not be sure what to do next. Here is what you need to know: What is a Charged Off Debt? According to Experian, a charge-off is a negative item that can appear on your credit report. It indicates that "a [...]
If you are in financial trouble and considering bankruptcy, you will want to discuss your situation in detail with a qualified bankruptcy attorney. This is especially true if you are receiving child support or receiving child support. Receiving Child Support You will need to speak with your attorney in detail about how these payments will be viewed [...]
Are you considering filing for Chapter 7 Bankruptcy, but worried about what will happen to your business? Will your means of making a living be protected? Here's what you need to know: Sole Proprietor When you are a sole proprietor, your business and you will be treated as one. You are able to discharge the [...]
Are you considering bankruptcy? Filing for bankruptcy can be your best bet for a financial fresh start. Do you receive Social Security payments? If so, you need to know if your social security payments will influence your bankruptcy. So, what should you do first? Meet with an Attorney Most bankruptcy attorneys offer free consultations. Our [...]
Are you ready to file for bankruptcy? If so, you may have started putting together your financial documents for your attorney. But, are you unsure if you have made a list of all your creditors? But, what happens if you forget to include a creditor when you file for bankruptcy? Listing Your Creditors When meeting [...]
Are you overwhelmed with the size of your debt? Are you unsure about what you can do? Stop struggling with overwhelming debt. You have options! Can't Keep Up With Your Bills? First, take some time to put together your bills. Taking stock of your expenses and income will help you get the best idea of [...]
