Lafayette Bankruptcy Law Blog
Which chapter of bankruptcy is best for your situation?
Making the decision to file for bankruptcy is not easy. It is a process that allows you to deal with your debt in an organized manner without the pressure and constant contact from debt collectors. However, deciding you need to move forward with this process is only...
The right steps when being sued for credit card debt
Missing one or two credit card payments or even going a few months of only making minimum payments can result in unmanageable balances, especially if a cardholder’s spending habits do not change. It does not take long for credit card debt to spiral out of control, and...
Using bankruptcy as a way to stop foreclosure
A Louisiana homeowner who is facing difficult financial circumstances may not be able to keep up with the mortgage payment each month. Even just one missed payment can lead to threats of foreclosure from the lender, which can place the homeowner under even more...
Coverage gaps and unstable insurance can lead to medical debt
Even with health insurance, the cost of medical care is steep. It can be even more costly for those in Louisiana who have policies that don’t cover their needs or have significant gaps in coverage. A survey taken this year found that as many as two-thirds of working...
When is it a good idea to consider a debt consolidation loan?
When facing significant debt, a Louisiana consumer may consider various ways to deal with these types of balances. There are certain types of loans that will consolidate balances, making it easier for an overwhelmed consumer to keep up with payments. Consolidation is...
Chapter 11 bankruptcy may save your small business
Owning and operating a small business can be an expensive endeavor. You may find yourself in a position where you are unable to make ends meet and keep up with your obligations each month, and eventually, this will threaten your ability to maintain operations. You may...
How many in Louisiana are facing possibility of foreclosure?
Families in Louisiana and elsewhere are struggling with their finances. They may be unable to pay their bills, and they may be falling behind on making their mortgage payments each month. A look at the number of homeowners in the state who are late on their house...
Medical billing surprises can lead to unexpected debt
Louisiana patients know that medical care is expensive. Even if a patient has good health insurance, it is still possible he or she will have to pay some medical expenses out of pocket. Because there is secrecy and confusion surrounding the issue of medical billing,...
Young adults can find themselves struggling with debt, too
Debt isn't just something that happens to those who own their own house or who have a family dependent on them. Young adults living independently for the first time can also find themselves dealing with enormous amounts of debt. Young adults often struggle to pay...
Consumer debt continues to threaten struggling families
In light of current economic struggles, many Louisiana families are facing serious financial concerns. Despite a government stimulus bill, many Americans are facing the possibility of either taking on more debt or losing homes, enduring wage garnishment and falling...
