A personal bankruptcy filing might involve just one person. However, the financial struggles of one individual have a tendency to affect the circumstances of others. The finances of parents have a direct impact on the quality of life that children enjoy. If a parent...
Tony Ditocco
3 reasons your Chapter 7 bankruptcy may get denied
Every day, thousands of Americans file for Chapter 7 bankruptcy as a means to alleviate overwhelming financial burdens and seek a fresh start. However, the process is not always straightforward, and there are instances where individuals may face denials. Understanding...
Steps to take after your bankruptcy debt discharge
Whether your bankruptcy is over in months (Chapter 7) or the three to five years required for a Chapter 13 debt discharge, if you do all the court requires, at some point, you will emerge debt-free from bankruptcy. What happens next? Below is some good information to...
Your business can go bankrupt even if you do everything right
Some business owners think that bankruptcy is their fault. They made poor financing decisions or they misjudged their target audience. When the business has to declare bankruptcy, they feel devastated because they blame themselves for putting the company in this...
Is a personal bankruptcy part of the public record?
There are many reasons why people might need to file for bankruptcy. Maybe someone with a very tight budget suddenly lost their job and ends up overwhelmed by unmet financial obligations. Perhaps they fell behind on one account, and a creditor served them with...
Common reasons why your bankruptcy petition may be denied
Bankruptcy can be a welcome relief when you are struggling with debt. When you are caught in a debt that cannot be forgiven or written off, then you may consider filing for personal bankruptcy. However, it is not uncommon for the court to deny a bankruptcy petition....
What’s a debt cycle, and how can you get out of one?
Financial challenges are an unfortunate reality for many. One such daunting situation is a debt cycle, an overwhelming loop that traps individuals in a relentless struggle to meet their financial obligations. The journey into a debt cycle often begins with a...
What will happen to my investments if I file for bankruptcy?
When facing serious financial difficulties, many people find that their last line of protection is personal bankruptcy. Whether a professional lost their job unexpectedly or someone had massive unanticipated medical costs, their debts may exceed their ability to pay....
The possibilities of getting a personal loan while on Chapter 13
There may come a time when you want or need something that will cost a bit more than what you have available to you at the time. If you’ve gone through the Chapter 13 bankruptcy proceedings, you probably think you aren’t eligible to get a personal loan. You might be...
Getting a new car in Florida while in Chapter 13
It takes roughly three to five years to complete a Chapter 13 bankruptcy in Florida. During this time, your car may develop problems that may be more expensive to repair than just getting or leasing a new one. The good thing is that a bankruptcy judge may allow you to...

