bankruptcy

Will bankruptcy affect your Social Security?

On Behalf of Dixon & Johnston Law Office | Apr 8, 2021 | bankruptcy, social security disability

If you are retired and struggling with your finances, something that you may be looking into is filing for bankruptcy. If you elect to go into bankruptcy, you may be able to have most, if not all, of your debt eliminated. While not all debts are dischargeable, most...

Financial anxiety does not have to rule your life

On Behalf of Dixon & Johnston Law Office | Jan 20, 2021 | bankruptcy

There are financial difficulties, and then there is the stress and anxiety that comes with these financial difficulties. It is important that you are able to separate the two in your mind because they both require different solutions. It's no secret that being in...

How can I stop wage garnishments?

On Behalf of Dixon & Johnston Law Office | Dec 14, 2020 | bankruptcy

You may already be struggling to repay a few different loans and the monthly bills. Then you receive a notice that a creditor will enforce an order requiring your employer to garnish your earnings. The percentage can vary, but wage garnishments can take an average of...

When is bankruptcy the most logical option?

On Behalf of Dixon & Johnston Law Office | Aug 24, 2020 | bankruptcy

The gradual erosion of your finances has led to your family facing a significant burden. You clearly saw this coming due to steep losses in income, growing medical expenses, a now-unaffordable mortgage along with spending habits that too often were illogical. Cornered...

Chapter 13 bankruptcy has debt limits

On Behalf of Dixon & Johnston Law Office | Sep 20, 2019 | bankruptcy

Some people know a Chapter 13 as the "wage-earner's bankruptcy." This is because it is reserved for individuals who can afford to make regular payments to the bankruptcy trustee. The money goes toward paying off creditors, and the payments continue for three to five...

Take control of your finances with bankruptcy

On Behalf of Dixon & Johnston Law Office | Sep 6, 2019 | bankruptcy

The thought of having to file for bankruptcy doesn't set well with some adults because they take pride in paying their bills. The thing to remember is that bankruptcy is a tool that enables you to take control of your finances when circumstances spiral out of control....

Know how a Chapter 7 bankruptcy will impact you

On Behalf of Dixon & Johnston Law Office | Aug 29, 2019 | bankruptcy

Most people hope they never have to experience filing for bankruptcy. In the past, there was a stigma associated with filing for bankruptcy protection. Now that the stigma is largely gone, many people don't dread it quite as much.Consumers generally file either...

Considerations for living on a bankruptcy budget

On Behalf of Dixon & Johnston Law Office | Aug 15, 2019 | bankruptcy

People who file for Chapter 13 bankruptcy will have to watch their spending throughout the course of the bankruptcy. This is because you will have to make payments to the bankruptcy court in an effort to pay off your debts. There won't be much money left once this is...

7 signs that bankruptcy might benefit you

On Behalf of Dixon & Johnston Law Office | Jul 29, 2019 | bankruptcy

Paying bills isn't anyone's favorite activity but it is a necessity of life. Some people are even more upset about having to do this each month. These are the people who have more bills than they have money. They are the ones who have high credit card balances,...

Bankruptcy and the effects it has on your credit

On Behalf of Dixon & Johnston Law Office | Jul 22, 2019 | bankruptcy

Having to file bankruptcy will impact various areas of your life, including your credit score. If you are considering filing a Chapter 7 or a Chapter 13, you need to know how yours might be affected. All of these impacts could have a negative pull on your life for a...