Since most people in this world are not drowning in a bunch of extra cash lying around, we have to learn how to save and budget our money. The following five tips will help you enjoy the pleasures of life while saving some dough. Plan out your life. Decide what is most important to you. Do you want to have the latest technology? A decent amount of toys, such as, boats, cars, and quads? Or do you want to live in a nice home, located in a safe neighborhood? Whatever the case, you need to learn to have a balance…
Archive for the ‘Chapter 12 Bankruptcy’ Category
You might be thinking it is a bad idea to have a credit card after bankruptcy. However, even though credit cards could have been your reason for filing bankruptcy, they are essential to use after this process in order to begin restoring your credit. Lenders, landlords, utility companies, insurance companies, and employers can look at your credit score to determine the amount you will be paying for loans. Since bankruptcy can destroy your credit score, it is necessary for debtors to restore their credit score. If you don’t have a card, it will be impossible for you to score points. There…
While it may be general practice among other law firms to pass these increased costs along to the client, at JacksonWhite we have elected to absorb some of the miscellaneous costs associated with filing bankruptcy. We hope to keep the total money coming out of your pocket as minimal as possible.
Once someone makes the decision to file for bankruptcy, the next question is – “What chapter should I file?” There are four different chapters that an individual can file – Chapters 7, 11, 12, and 13. Chapter 12 is for farmers and fishermen (and no, occasional fishing trips or having a garden in your backyard does not qualify you). Chapter 11, while most often filed by businesses, can also be filed by those who make too much money for a Chapter 7 and have too much debt for a Chapter 13. If you are an individual, it is most likely that you will end up filing a Chapter 7 or Chapter 13.
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