Posts by On Behalf of Giddens & Gatton Law, P.C.
Filing taxes in bankruptcy: What you must know
The tax season is drawing near. Even the thought of filing taxes can lead to a significant amount of stress – especially for households already struggling with considerable debt. If individuals are right in the middle of their bankruptcy filing to handle that debt, they might have many questions about how they should proceed with…
Read MoreThere are ways to manage domestic support debt in bankruptcy
Getting a divorce can impact life in many ways. It can be emotionally stressful to end a marriage and split parenting time with the kids. However, divorce can also be financially stressful. After all, individuals have to divide their marital assets, and one spouse often has to pay child support and possibly alimony. The amount…
Read MoreWhat do you include in the Statement of Financial Affairs?
When individuals file Chapter 7 bankruptcy, they must complete a considerable amount of paperwork. There are several forms to fill out, so the bankruptcy court can obtain an accurate look into the individual’s finances before moving forward with the bankruptcy. Filling out this paperwork can be overwhelming when individuals face significant debt. So, here is…
Read MoreReport: One in three Americans worries about credit card debt
The 1950s brought the advent of credit cards to the United States, making the method of “buy now, pay later,” easier and much more common. Nowadays, the average American has two or more credit cards in their name. Using credit cards might be convenient and common, but many people still report that they worry about…
Read MoreWhat should you do if you are facing foreclosure?
Getting the notice from the bank that your house will be foreclosed can leave you in a state of panic. This is not just a house, but your family’s home – how can the bank take it away from you? The stress of struggling with debt and pending foreclosure actions can be all-consuming, but you…
Read MoreCan bankruptcy impact your career?
Bankruptcy can be a helpful option for many people struggling with debt. However, there are many myths about filing bankruptcy that can make people wary about pursuing this option to relieve their debt. These myths cause many people to worry about how bankruptcy will impact their lives, including their careers. So, is it true that…
Read MoreReasons to file for bankruptcy sooner rather than later
Many good reasons exist for people with seemingly overwhelming debt to file for bankruptcy protection, even though it can be a difficult choice. But sometimes it’s even more confusing to know when it’s time to take action. Filing too early can have severe financial consequences if you are looking to discharge certain debts. However, in…
Read MorePredatory loans could pose a risk before bankruptcy
It is common for individuals to take out new loans to repay older debts. In some cases, this might help them keep their debt under control. Unfortunately, some of these loans might target people in financially vulnerable positions and increase the risk of debt in the long run. Regardless of whether or not individuals wish…
Read MoreTop resolutions for 2020: Take care of debt
Many people keep the tradition of making a resolution each year on New Year’s Eve. That way, they can make a change in their life and get a fresh start for the new year. In the past, the most common New Year’s resolutions often included losing weight, exercising and eating healthier. However, that changed this…
Read MoreThree signs that debt could be spiraling out of control
As we have mentioned in past blog posts, debt has almost become a normal part of life. After finishing school, getting a necessary surgery or even purchasing a home, it is common for people to have debt. Unfortunately, it is sometimes too easy for this debt to start becoming overwhelming, but how do individuals know…
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