Why Is Bankruptcy A Dirty Word? Dirty Words. 4-Letter Words? Bankruptcy. Why is filing for bankruptcy and starting over considered a faux pas? No one wants to file for bankruptcy. But hearing stories from just a few of the millions financially struggling shows how it can make sense. Yet, a woman who had filed bankruptcy […]
Debunking the Stigma: Embracing Bankruptcy as a Fresh Start Read Post »
Understanding Your Debt Relief Choices: Chapter 13 Bankruptcy vs. Debt Management and Consolidation For some debtors, Chapter 13 bankruptcy is the best option. This choice is often due to factors such as high income, the desire to keep a home or car, or the need to protect non-exempt property. During bankruptcy consultations, many people inquire
Debt Relief Options: Exploring Chapter 13, Debt Management, and Consolidation Read Post »
Navigating Financial Challenges in Retirement Ideally, by the time you reach retirement age, you’ll have enough assets to sustain a comfortable standard of living. Unfortunately, many retirees face financial struggles due to poor insurance coverage, rising medical expenses, and inadequate living adjustments in Social Security, pensions, and retirement accounts. Assessing Financial Health: It’s crucial for
Understanding Debt Responsibility After Death There was a recent news article about a Seattle man who, after a long struggle with illness, received a medical bill totaling $1.1 million. While he is negotiating with his insurance company, the situation raises an important question: What happens when someone has overwhelming debt (medical or otherwise) and they
Consumers must do their research before signing up with a debt settlement company.
Debunking the Myths: Is Bankruptcy Bad? Bankruptcy is not inherently bad or good. It is an important protection for honest consumers who find themselves in big trouble with debt. While a small minority of filers may try to abuse the bankruptcy process to hide assets and cheat creditors, the majority use it as a necessary
Understanding Bankruptcy: A Path to Financial Relief Read Post »
How Quickly Can You File Bankruptcy After Your Consultation? If you’ve had an initial consultation with Walden Legal Solutions and are ready to move forward, the timeline for filing bankruptcy depends on a few steps that need to be completed first. Here’s what you need to know: Steps Before Filing How Quickly Can You File?
How Soon Can You File Bankruptcy After Your Consultation? Read Post »
Understanding 1099-A and 1099-C Forms Post-Bankruptcy If you’ve filed for Chapter 7 or Chapter 13 bankruptcy and received a 1099 form afterward, you may be confused or worried about the tax implications. Receiving a 1099-A or 1099-C after bankruptcy is common, and understanding why you received it can help you take the proper steps to
Why Am I Getting A 1099 After Filing For Bankruptcy? Read Post »
Will Chapter 7 Bankruptcy Clear Your Traffic Ticket Debt? If you’re drowning in debt, including unpaid traffic tickets, you may be wondering if filing for Chapter 7 bankruptcy in Kansas can help. The simple answer is no, you cannot discharge traffic ticket debt in Chapter 7 bankruptcy. However, don’t lose hope just yet—there are other
Can I Discharge My Traffic Tickets in Chapter 7 Bankruptcy in Kansas? Read Post »
What Happens to Child Support Arrears in Bankruptcy? If your ex-spouse has filed for bankruptcy and owes you child support arrears, you may be wondering whether you’ll still receive the payments owed to you. The good news is that child support arrears are considered a priority debt and are not dischargeable in bankruptcy. Here’s what
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