There’s a new buzz word going around the personal finances section of social media: Lifestyle Creep.

You can file bankruptcy as long as you are at least 18 years old. Whether you should file and what filing will look like, at whatever age you are, should be discussed with an attorney. 

Continuing on our journey of debt relief history, we’ll move on next to two of the most famous ancient civilizations: Greece and Rome. (Fun fact: The author of this blog actually has a degree in ancient history and archaeology). 

When filing bankruptcy, something that many people are curious about are the ways in which the bankruptcy process will protect them from creditors.  Related to this, many also wonder when these protections take effect, and how they will continue to function after the bankruptcy has formally concluded.  These are both excellent questions, and they both address one of the fundamental, foundational purposes of bankruptcy, which is: to provide you, your family and your loved ones with peace of mind concerning debt, creditors, and their efforts to pursue those debts.  

Another common question we often hear at LifeBack Law is: Are my veteran’s disability benefits protected? This is a very valid question. Many veterans receive at least something from military disability, while some even have to live off of these payments. So if you are a veteran going through financial struggles, and have questions about your benefits and potential bankruptcy, you’ve come to the right place!

Financial difficulties often have us feeling alone, isolated, or ashamed. No one wants to file bankruptcy and we often feel like we can’t reach out the people for help. These difficult situations are scary, but it is not a path you have to walk alone. Bankruptcy and debt relief are thousands of years old, and you will not be the first nor the last person to consider this route. As a former history nerd, I find history can be comforting when facing the unknown or the uncertain. It helps to know that people were in a similar situation years ago and they managed to survive too.

If you are thinking of filing bankruptcy or have already filed and have a co-signor on a debt that is included in your case, you may be wondering what happens to the co-signor after you file? 

When you file bankruptcy you will list all of your creditors. This includes secured creditors, like mortgages. In your bankruptcy schedules you will list what you intend to do with the debt/asset. For example, you can surrender the property or keep paying on it. 

If English is not your first language or you are worried about translation, that should not prevent you from filing bankruptcy. At LifeBack Law Firm, we often will use translators to best serve our clients. 

If you have done any sort of research into bankruptcy, you’ve likely seen one word pop up over and over again: 

 If you are filing bankruptcy, but have a trip planned or even paid for already, you may be wondering if there are repercussions to filing and taking vacations. 

Financial problems are stressful and oftentimes steal all the joy from life. So while you are taking the time to consider bankruptcy, this blog is here to provide some much needed comic-relief (comedy not guaranteed). So if you need a break, or need to laugh about the entire situation, sit back, relax, and let the chuckles (or groans) come.

Many people value personal vehicles critically. They are necessary to meet our day-to-day transportation needs and are often one of our most valuable assets. Because of this, it can be jarring and often a bit scary when a lender tells you they plan to repossess your car. One of the first things you might ask yourself if you are experiencing this is, “How do I stop the repossession process and protect my car?” The good news is that bankruptcy can be a resource to help you do this!  

Many people encounter overwhelming debt at some point during their life, and when they do, find themselves asking what their options are to address the situation.  One of the first things that usually comes to mind is bankruptcy; another may be something along the lines of debt negation or consolidation.  This guide will serve as a brief insight into what these different options offer, and the benefits and possible drawbacks that they entail.     

Finances are a massive stressor in most people’s lives, and although this blog might not cure all your fears, it can provide a good distraction. Because what helps stress more than an obscene amount of sugar? This recipe has only three ingredients and is super quick to make. It’s helped me through some rough times, so it may also help you.

Medical bills are our favorite thing to hate. With people in the US owing at least $220 billion in medical debt alone, nearly 41% of adults have some form of health care debt. When that debt becomes unbearable, many people consider bankruptcy a form of relief.