Is Bankruptcy Discharge Public Record?
October 25, 2023
Yes, bankruptcy discharge records are generally public records. When a bankruptcy case is filed in the United States, it becomes a matter of public record, and various documents related to the case, including the bankruptcy discharge, are typically available to the public. The bankruptcy discharge is an important document that signals the successful completion of…
The Pros And Cons Of Filing Chapter 7 Bankruptcy
October 24, 2023
Facing mounting debt can be overwhelming, and finding a way forward isn’t always easy. Chapter 7 bankruptcy is one option that can eliminate many types of unsecured debt, providing a fresh start. However, it’s a serious financial decision that comes with potential downsides, such as the loss of certain assets and long-term financial consequences. Before…
Debt Settlement: What It Is, How It Works & If It’s Worth It
October 24, 2023
Debt settlement is a financial strategy designed to help individuals or businesses resolve their outstanding debts by negotiating with creditors to potentially accept a reduced, lump-sum payment as full satisfaction of the debt, typically lower than the original amount owed. This approach is often used by those facing financial hardship, as it provides an opportunity…
7 Reasons Chapter 13 Bankruptcy Is A Bad Idea
October 23, 2023
Going through Chapter 13 bankruptcy could have serious negative and long-term consequences. Here are 7 reasons why Chapter 13 bankruptcy might not be right for you. Chapter 13 Bankruptcy: What You Need To Know 1. Chapter 13 Failure Rate The Chapter 13 bankruptcy failure rate refers to the percentage of Chapter 13 bankruptcy cases that…
Understanding Healthy Business Debt: How Much Is Acceptable?
October 23, 2023
Understanding Healthy Business Debt: How Much Is Acceptable? Business debt can be a smart way to fund growth, invest in new opportunities, or handle cash flow gaps—but only when it’s managed wisely. The real challenge? Knowing how much debt is actually healthy for your business. Push past that line, and things can quickly become overwhelming.…