How Long Does a Bankruptcy Stay on My Credit Report?
One of how your credit can improve is for old credit transactions that drag your score down to expire and be removed from your credit report. Having a bankruptcy on your credit report will lower your score and make it very difficult to recover quickly. However, you can recover your credit score with hard work […]
Expert Tips on Managing Debt
Keeping your family’s finances in order is harder than ever, but there are still things that you can do to manage your debt. True, debt is largely unavoidable unless you are already in a financial position that makes it unnecessary, but the vast majority of people are not there. Only 23% of Americans do not […]
Alternatives to Bankruptcy: What Are Your Options?
When you get so far into debt that you need help getting out of trouble, bankruptcy becomes a viable option. However, the impact on your credit and the drastic nature of how bankruptcy works is a method of last resort. You should explore alternatives to bankruptcy before jumping straight to bankruptcy as a way to […]
Who’s the Best Candidate for Bankruptcy?
Not everyone is the best candidate for bankruptcy. In this video, Margaret Henehan from Kain + Henehan provides valuable insights into the step-by-step procedure of filing for bankruptcy. She begins by explaining the importance of an initial free consultation, which helps determine bankruptcy eligibility and if is the right option. You will also learn if […]
Legal Ways to Stop Creditor Harassment
The thing that often drives most people to think about bankruptcy is creditor harassment. Some creditors will go to nearly any means to get you to pay them back. However, you don’t have to jump to bankruptcy to stop creditor harassment, even though it would work. Here are several things that you can do to […]
Immediate Actions for Foreclosure: What to Do Now
If you are facing foreclosure, there are several steps to take immediately to help your situation. Foreclosure can turn your world upside down, but you can take action to take control of the situation and make sure that your interests are represented in the process. Here are the immediate actions for foreclosure that can help […]
Your First Meeting with a Bankruptcy Lawyer: What to Expect
You made the smart choice to get a fresh start on your financial life and hired a bankruptcy lawyer to help you with the process. Getting ready for your first meeting with a bankruptcy lawyer can make anyone nervous, but there is little reason to be. Your lawyer is there to help you, not berate […]
Can I Exclude Some Creditors in My Bankruptcy? (video)
In bankruptcy cases, the idea is to pay your creditors enough so that the government can discharge the rest of the debt. However, there are exemptions in the bankruptcy process. For example, you can exempt some of your property from being liquidated to pay debtors if it meets certain criteria. Is it possible to exempt […]
Debunking Common Bankruptcy Myths
Bankruptcy is a commonly known legal practice that is popular for many reasons. However, that doesn’t mean that people understand it well. Most people believe common bankruptcy misconceptions unless they have gone through it themselves. At Kain + Henehan, one of the first things that we do with new clients is try to dispel bankruptcy […]
Using Chapter 7 Bankruptcy to Get Rid of Debt
Chapter 7 bankruptcy is the option to liquidate assets to pay back creditors as much as possible before discharging the remainder of your debts. You can use it as a means of getting rid of debts that you cannot handle, but you must understand how it works before considering it as an option. At Kain […]