Bankruptcy
Increasing Credit Card Debt & Bankruptcy: Is a Crisis Approaching?
Credit card balances in Louisiana rank 48th in the nation, but are still substantial for low-income families. If you are the one getting collection letters, the numbers do not feel like statistics—they feel like sleepless nights and knots in your stomach. Revolving debt nationwide sits at near-record highs, but inflation and interest charges hit New Orleans grocery…
Read MoreWho’s a Good Candidate for Chapter 13 Bankruptcy?
Whether you have recently divorced, lost a job or business, became sick, or suffered some other kind of significant financial setback, you may have accrued substantial amounts of debt. In these situations, chapter 13 bankruptcy may be a potential option for you. Chapter 13 bankruptcy is referred to as a “wage earner’s plan,” meaning that…
Read MoreShould I File for Divorce If I’ve Already Filed for Bankruptcy?
People often have questions regarding divorce and bankruptcy: “Should I file for divorce if I’ve already filed for bankruptcy?” and “Should I file for bankruptcy during divorce proceedings?” In all situations, divorce comes with significant financial impact for most people, and even in the most ideal of scenarios, it can be difficult to know which…
Read MoreBankruptcy Myths Debunked: Common Misconceptions and Realities
In harsh economic times, New Orleans private citizens and businesses alike may require the aid of bankruptcy to bring stability to their financial standing. Bankruptcy is often seen as a last resort for individuals facing overwhelming financial burdens. There are numerous misconceptions surrounding the process that may deter individuals from exploring this option. So today,…
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