Choosing Better Financial Practices

The Differences Between Your Bankruptcy Options

Do you need to file for bankruptcy and are confused by the different types that you can use? If so, it helps to know a general overview of the basic differences between Chapter 13 and Chapter 7 bankruptcy before you decide on the one that is best for you. Chapter 13 The first thing to know about Chapter 13 bankruptcy is that it is a repayment plan where your debts are consolidated to help with paying them back.   Read More...

Benefits Of Being Represented By A Tax Attorney

Mistakes and complications with your taxes can be extremely stressful and expensive to correct. Tax attorneys can be invaluable for helping individuals with correcting their current tax problems while avoiding new issues in the future. Assistance In Business Organization  When you are looking at starting a business, the tax and finance implications can be among the most complicated and important factors to consider. Unfortunately, individuals will often simply start an enterprise without giving much thought to these factors.   Read More...

Don't Create A Fraudulent Transfer Situation With Your Bankruptcy

If you have considered a chapter 7 bankruptcy filing, you might be blissfully unaware of how your actions prior to the filing could come under scrutiny. When you file your federal paperwork, the bankruptcy trustee (who administers your case) has the power to take total control of your financial situation. The trustee will become involved in what you own, what you owe, and even events that transpired before you filed bankruptcy.   Read More...

A Look At Things That Can Prevent Filing Chapter 7 Bankruptcy

In a lot of aspects, chapter 7 is the preferred way for common consumers to file bankruptcy. You pretty much get a fresh start because your debts are discharged, which means you get the opportunity to get out of the debt you are in and move on with the rest of your life. Even though chapter 7 bankruptcy may be one of the more common types of bankruptcy filed in the United States, it is also not fitting for every situation.   Read More...

Why Would Someone File Chapter 13 Instead Of Chapter 7?

If you compare Chapter 7 bankruptcy to Chapter 13, you might instantly assume that Chapter 7 is the best option, as it offers a way to totally eliminate credit card debts. While Chapter 7 is beneficial in many situations, it is not always the best option, nor is it always even an option people could use. Here are some of the top reasons people file Chapter 13 instead of Chapter 7, and this will help you understand why Chapter 7 is not always the best choice.   Read More...