Lafayette Bankruptcy Law Blog
Practical ways to deal with overwhelming medical bills
For Louisiana patients, medical care is expensive, even for those who have health insurance. In fact, individuals are often surprised by the bills they receive after going in for a necessary procedure or just one trip to the emergency room. Medical bills can be...
Curbing credit card spending to get out of debt
Overspending is a problem for many Louisiana consumers, and they often use their credit cards for purchases that may not be necessary. It’s easy to swipe a card or buy something online, and the impact of these choices may not be fully apparent until the balance...
Will paying off credit card debt faster improve financial health?
Louisiana consumers frequently depend on credit cards for daily purchases. For others, their cards serve as a sort of emergency fund, giving them the ability to pay for unexpected things, such as surprise medical expenses. Cardholders may find themselves with balances...
What are common ways for people to handle their debt?
Debt is a common part of life for many Americans. From financed home purchases to student loan debt and credit cards, most Americans carry substantial personal debt. Unfortunately, for some people, that debt can eventually snowball and grow to a point where they can...
Exemptions allow you to keep some assets in Chapter 7 bankruptcy
Chapter 7 bankruptcy is liquidation bankruptcy, which means you may have to give up some of your property during this process. The property you relinquish will go toward some of your outstanding balances. Giving up things that are important to you may be one of the...
Debt settlement can lead to an unexpected tax burden
Many Americans struggle with overwhelming debt, and as a result, many consumers are looking for ways to deal with their balances. Statistics indicate that one in three consumers in the United States have delinquent debt from student loans, auto loans and past-due...
Cycle of debt for many who borrow against their home’s equity
With many in Louisiana and across the country facing financial hardship because of the recent economic downturn, some homeowners are taking out home equity loans. This option can provide much-needed relief for certain expenses, such as paying monthly bills, but it can...
Debt reorganization may be helpful for some consumers
Consumers who find themselves overwhelmed by debt may be in that position due to factors beyond their control. Job loss or a medical emergency are only two of the most common reasons that a Louisiana adult may fall behind on certain types of monthly payments....
Americans are falling behind on certain types of debt payments
In the midst of significant social and economic changes, many Americans are struggling to make ends meet. After a job loss and other complications, it’s not surprising that many are falling behind on certain types of debt payments, particularly credit card and auto...
Saving a small business through Chapter 11 bankruptcy
Owning and operating a business can be a complicated and expensive venture. Sometimes, things don’t go as planned and profits aren’t as high as expected. This can cause a Louisiana business owner to fall behind on his or her financial obligations. This can lead to...
