Sheehan & Associates, P.L.C.

Posts tagged "Bankruptcy"

Why am I subject to wage garnishment?

When you have a debt that you have not paid, you will likely receive frequent communication from the creditor or a debt collector that they have hired. Many people who have no intention of paying back the debt ignore such communication. Those who have become overwhelmed with debt may not even be aware of the extent of their debts, because they have become overwhelmed by their financial struggles.

Filing for Chapter 7 bankruptcy in the new year

The new year is a time for positive change and fresh starts. It is also a time to reflect on the year just past and the bad habits that you may have been engaging in. If you have accumulated debts in the past year, the new year is a great time to start reflecting on how you can address these issues going forward.

Can Chapter 13 bankruptcy prevent foreclosure?

Bankruptcy can help to resolve a wide range of financial problems due to the special rules that apply in the bankruptcy courts. This is why so many people can gain permanent relief from their debts and other forms of financial struggles by filing for bankruptcy. However, the bankruptcy chapter that will be best for you will depend on your individual circumstances.

What aspects of my finances can bankruptcy fix?

Bankruptcy can be a great solution for those who are drowning under ever-rising debts. Those who are unable to keep up with loan repayments and interest will suffer from the additional fees and implications that come with the terms dictated by creditors. While bankruptcy can be very beneficial in certain circumstances, it will not automatically fix all of your problems.

How can I handle financial stress?

There are many reasons why people deal with stress on a daily basis. We experience stress because our brains are wired to alert us to potential future threats. While this may have been useful when humans needed to be prepared to run away from tigers or face life-threatening challenges daily, stress in the modern world can simply be an uncomfortable feeling that only hinders our way of living.

Will bankruptcy change my life for the better?

Many people worry that filing for bankruptcy will set them on a course of financial hardship and low credit scores. They may worry that they will never again be able to enjoy the quality of life that they have grown accustomed to. However, in many situations, quite the opposite can be true. Bankruptcy has the sole intention of helping a private individual or business to clear their debts so that they can live a life free of financial hardships.

Signs that it's time to file for bankruptcy

It can sometimes be difficult to admit to yourself that you are struggling with debt. There is a certain stigma that surrounds debtors, and many view filing for bankruptcy as an admission of failure. However, bankruptcy can be a powerful tool that, in addition to determination and grit, can help people to turn their lives around.

What are the advantages of filing for Chapter 7 bankruptcy?

Those facing significant financial problems are often confused about the best path to take in order to tackle their debts. There are many businesses in existence that promise to help debtors to pay their creditors; however, they often charge extortionate fees and not all are trustworthy.

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1460 Walton Blvd , Suite 102
Rochester Hills, MI 48309

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