Wilmington Delaware Legal Blog

Demystifying bankruptcy

No one is immune from falling on hard times, even those who curtail spending and save diligently. The prospect of filing for bankruptcy is overwhelming, especially if you fall prey to myths surrounding personal bankruptcy. Bankruptcy is a tool that can provide a fresh start for anyone suffering under the weight of debt. Can you […]

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Should I file for bankruptcy before divorce?

Ending a marriage has a substantial impact on each spouse’s finances, and there are many times when bankruptcy becomes a necessary option. It is important to get the timing right when filing for both divorce and bankruptcy. What should you consider? Divorce is difficult emotionally and financially. For couples that are already struggling with debt, […]

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When should I file for bankruptcy?

Bankruptcy is a legal process that can lead to a fresh financial start. Individuals who face unmanageable debt may struggle with whether or not bankruptcy is the right option for their financial future, often because they feel a moral obligation to repay what they owe. But when debt relief is not an option, it may […]

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Can you keep your home when you file for bankruptcy?

Many people who struggle with mounting debt do not consider filing for bankruptcy because they worry about losing their property. In fact, you can keep many assets when you file for Delaware bankruptcy, including equity in your home. Review the common bankruptcy exemptions in Delaware if you are seeking solutions for your debt. Home and […]

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Is it possible to rebuild your credit after bankruptcy?

There are many myths about bankruptcy, but one of the most common is that filing for bankruptcy will leave you unable to rebuild your credit. The truth is that bankruptcy can damage your credit score and your bankruptcy filing will stay on your credit record for seven to ten years after you file. However, rebuilding […]

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The differences between Chapter 7 and Chapter 13 bankruptcy

Bankruptcy is often a helpful solution for people who are buried under the burden of massive financial debt. While these options have the potential to free people from this debt, you need to be sure you choose the correct bankruptcy option for you. Knowing the differences between the two most common forms of personal bankruptcy, […]

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Over half of Americans filing for bankruptcy are clearing medical debt

Medical treatment is rarely optional, just like the bills afterward. And with the costs of care on the rise with no sign of slowing down, you aren’t the only one considering bankruptcy. The number of Americans over the age of 65 who declared bankruptcy is up 204% over the last two decades, according to a […]

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Should You File for Bankruptcy?

What to know about bankruptcy options chapters, so you can choose what’s best for you. Chapter 7 Bankruptcy… Chapter 11 Bankruptcy… Chapter 13 Bankruptcy … Which to choose? The decision depends on a number of factors, and, that said, this overview will give you an idea of which chapter is best before you consult with […]

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Does my life stop if I file for Bankruptcy?

Short answer, No. Simply because you have decided to file, or are considering filing a Chapter 7 or Chapter 13 Bankruptcy, does not necessarily mean you have to stop living your life. In fact, it’s just the opposite. The purpose behind bankruptcy is to give you a fresh economic start allowing you to start living […]

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