Bankruptcy

A bicameral bill known as The Consumer Bankruptcy Act of 2022 addresses the issue of bankruptcy in the United States and has been introduced in Congress. The aim of the bill is to address a bankruptcy process that sponsors of the bill report is currently overly...

People who find themselves in financial distress often consider filing a petition for bankruptcy to protect themselves from abusive debt collection and to resolve their financial situation. Very few people in West Virginia are aware of the miracle-like effect of the...

Bankruptcy is a legal tool that helps those with debt reduce their financial obligations. A successful personal bankruptcy filing will result in both an automatic stay to prevent most collection activity and a discharge of someone's remaining unsecured debts if the...

There are many reasons why people find themselves facing overwhelming debt, especially with the upheaval of the past couple of years. The loss of a job, medical debt or an unexpected occurrence can quickly cause your financial stability to collapse, leaving you...

Financial hardships are often unexpected. Thus, individuals in West Virginia and elsewhere often seek ways to address their growing debt. It can feel like a helpless situation; however, filing for bankruptcy might be the best decision one can make. Even if you have a...

Far too many people who are struggling with debt fight with all of their effort to scramble back to a state of financial security. Unfortunately, all too often this leaves these individuals in a dire financial situation for years, sometimes even decades, without...

Bankruptcy allows a person to discharge their debts and can allow them to keep certain property. There are two types of personal bankruptcy, Chapter 7 and Chapter 13. There are income limits which affect which type of bankruptcy a person can file. Under Chapter 7...

Bankruptcy is a big word with a lot of misconceptions attached to it. Many West Virginians understand bankruptcy to be a process where a person can get rid of some or all of their debts but that may leave them with no credit and other headaches. While bankruptcy can...

When a borrower is unable to repay his or her debts, the best option may be to file for bankruptcy. There are two types of bankruptcy and there are advantages and disadvantages to both. Chapter 7 bankruptcy When a borrower files for Chapter 7 bankruptcy, also called a...

Many people in Charles Town are hard workers not afraid to put in the daily grind to get the job done. For this reason, when your debts become so great that you simply have no way to pay them back you may feel like you are out of options. You are not. Filing for...