You've likely heard of individuals filing for bankruptcy because they have too much personal debt. However, businesses can also file for bankruptcy when they can't afford their loans and bills any longer. If your small business is struggling, you may want to consider filing for bankruptcy, but first, check out these three frequently asked questions, so you know which option is right for you. Is Personal Bankruptcy an Option? Depending on the size and type of business you have, you may be able to file for personal bankruptcy instead of business bankruptcy.
The United States Bankruptcy Court provides all of the necessary forms to file for bankruptcy "pro se", or without the guidance of a bankruptcy attorney. Their website also details the process and timeline for filing the forms as well as the necessary procedures to follow before, during, and after the bankruptcy filing. However, bankruptcy is a complicated process, fraught with possibilities for errors that could prove costly to the average filer regarding the loss of personal property or dismissal of the bankruptcy case altogether.
Your debt might have reached the point in which you can't pay it back and even consolidation payments are out of your reach. Filing for bankruptcy might help you to clean the slate on your debts but it's not free, and you still need to pay your court costs and lawyer's fees. What can you do if you can't afford to pay your bankruptcy lawyer? There are a few things you can do.
Filing for Chapter 7 bankruptcy is a great way to eliminate debts you have, but it may also require giving up some of the things you own. During a Chapter 7 case, there will be a trustee handling the case, and he or she will examine your assets carefully. Before you file, it's important to understand the risks you may have, and the best way to do this is by discussing this with a bankruptcy attorney, such as Hamby & Hamby, P.
Social security disability benefits can be difficult to qualify for, especially for those who have "hidden" disabilities—those problems that aren't as obvious as a wheelchair or a missing limb. One common disabling condition is depression. Depression can have several manifestations, but if it begins to affect your ability to work or to care for yourself and your family, you could qualify for public assistance. Proving Disability Since depression is so varied in expression and since it is a more common problem, it can be hard to prove that your depression is serious enough that you need help from the state.