How will bankruptcy affect my credit?

How will bankruptcy affect my credit?

While there are several factors which impact your credit, filing for bankruptcy will likely have a negative impact on your credit for a long time. Of course, the severity of the impact will depend on your pre-bankruptcy credit, as well as your actions post-bankruptcy....
Alternatives to Bankruptcy

Alternatives to Bankruptcy

At some point in our lives, many of us will find ourselves in debt. We may be constantly harassed by creditors, unable to improve our credit score, and in danger of losing our remaining assets. With looser federal restrictions on bankruptcy during the COVID-19...
Benefits of an LLC

Benefits of an LLC

What are the benefits of having an LLC? As the name suggests, one major benefit of a limited liability company is the protection from liability that is available to managers or members of the company. See Bus. Orgs. Code § 101.114. Members are the persons who were...
Debts NOT Covered by Bankruptcy

Debts NOT Covered by Bankruptcy

The United States Bankruptcy Code generally seeks to provide debtors with a “fresh start” and “a new opportunity in life with a clear field for future effort, unhampered by the pressure and discouragement of pre-existing debt.” See Alibatya v. New York Univ. (In re...