Archive for July 14, 2016
Filing for bankruptcy if often considered to be a scary, headache inducing process. But it doesn’t have to be if you know all the facts. Here is everything you need to know about bankruptcy cases in order to stay educated about the process.
The types of bankruptcy
There are three main types of bankruptcy:
Chapter 7 bankruptcy is when your debts are liquidated. This means that credit card debt, personal loans, and mortgage loans are all forgiven. In order to qualify for this method, one must pass a means test that ensures they have a certain amount of income. If they do not, they may have to sell non-exempt assets– think home, cars, boats, other expensive items-
The photos are amazing. in fact, looking through the pictures of the family vacation earlier this summer can also make you forget the financial debacle that occurred. Almost, but not quite.
The Alaskan vacation had been on your family calendar for almost ten months. It seems that ten months is necessary any more to get your small family of four to commit to traveling together. With one daughter starting high school in a few months and the other daughter starting college, the work, school, and athletic practice schedules are intense. Everyone agreed, however, that a great way to celebrate this last summer with everyone still in the same house was a trip to the Land of the Midnight Sun. With the promise of seeing the longest day of the year in a location that would never turn dark, the f