Quick Answer: Bankruptcy can solve many different financial problems as it allows you to wipe much of your debt out and start over with a relatively clean slate. Following a bankruptcy, many people go on to succeed financially and retain control of a realistic budget. However, in some situations, an unexpected event can result in…
Quick Answer: Getting approved for a mortgage and purchasing a new home is a huge milestone for many people and is often cause for celebration. Your approved mortgage payment should be affordable based on your income and existing debts. Unfortunately, many events can occur that can make you unable to keep up with a once-affordable…
Quick Answer: Many people enjoy sharing photos, videos, thoughts, and stories on various social media sites including Instagram, Facebook, and Twitter. However, if you are in the midst of any type of legal case, social media information can often impact the outcome of your case. Bankruptcy is no different and recent events in the case…
Quick Answer: Ridesharing services such as Uber and Lyft have become increasingly popular in recent years, challenging the state-sanctioned monopoly that taxicab services have enjoyed for several decades. While some observers contend that the emergence of ridesharing as adding increasing efficiency and giving consumers more choices, it has also caused issues with legal liability that…
Quick Answer: Millions of people each year take advantage of the fresh start provided by the U.S. Bankruptcy Code. In many cases, people who file for bankruptcy are able to eliminate all of their debts and are often able to obtain credit in a relatively short period of time after their bankruptcy has been finalized. …
Quick Answer: Chapter 13 bankruptcy, also known as a “reorganization bankruptcy,” is the second most common type of bankruptcy utilized by consumers in the United States. It differs from a Chapter 7 bankruptcy in that instead of liquidating a debtor’s non-exempt assets in order to pay off creditors, Chapter 13 allows debtors to keep their…
Quick Answer: Most car accidents result in some type of financial losses, whether the accident involved relatively minor property damage or resulted in catastrophic injuries. Because the circumstances of collisions can vary so widely, so can the settlements and awards received by accident victims, and such settlements and awards can range from a few thousand…
Quick Answer: According to the National Highway Traffic Safety Administration (NHTSA), more than 2.3 million injuries occurred due to motor vehicle accidents in 2014 alone. While negligent or reckless drivers often cause traffic collisions, accidents can happen for a variety of other reasons, as well. One lesser-recognized cause of many accidents is defective auto parts.…
Quick Answer: Each year, homeowners in Pennsylvania, Maryland, and New Jersey receive their property tax assessments and, each year, many property owners disagree with an increase in their taxes. Fortunately, the tax assessor’s word is not necessarily final and there are methods of appealing if you believe your property tax assessment was inaccurate for some…
Quick Answer: Bankruptcy Discharge vs. Dismissal If you haven’t filed for bankruptcy in the past, you are free to file for Chapter 3 or Chapter 7 relief at anytime. However, you must satisfy certain requirements to obtain a discharge to be officially released from your debts. If the bankruptcy court discharges your case, it means…
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