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August 2015 Archives

Weighing the pros and cons of filing for bankruptcy

Most people will make quite a few decisions as adults that they would probably consider to be life-changing. Getting married, buying a home and having children are all huge steps in life, steps that the majority of Americans make. And, as a recent article alluded to, the decision on whether or not to file for bankruptcy can be just as big a decision as all the others.

Development company moves forward with Chapter 11 filing

Throughout Massachusetts, financial challenges can arise without warning. They often happen to people in their personal lives or in their businesses. Regardless of the reason, it is important to understand methods to meet one's debt relief needs if it becomes necessary. Filing for bankruptcy is an available method to help people get into a better financial position and move on with their lives. Before moving forward with any form of bankruptcy filing, it's imperative to have an idea as to which form of bankruptcy is applicable based on the situation.

Federal Reserve raising interest rates could increase debts

For many people in Essex and throughout Massachusetts, debt can accumulate without realizing it. In some cases, it's due to poor spending habits. In others, it is because of necessary expenditures. Perhaps there was a job loss or some other issue that arose that made credit card use unavoidable. Rising interest rates is a problem that many debtors often find harmful to their financial standing, leading to missed payments and increased pressure from credit card companies.

Am I eligible for Chapter 13 bankruptcy?

For those in Essex and throughout the state who are facing financial problems, it can often seem like there is no light at the end of the tunnel and no way out. Not wanting to put forth the impression that they are shirking their responsibilities by even considering the prospect of bankruptcy, they continue to struggle without looking at options to get a fresh financial start. While some might believe there are negative connotations to the mere mentioning of the word "bankruptcy," the reality is that it is a viable tool to get into a better position and start over again.