King Law Firm Blog

For many people, car payments are one of the most substantial expenses that they pay each month. As such, if times get rough, these payments might be skipped. Although it might make sense to do so to get other more pressing bills paid, it can lead to the repossession of your vehicle after only one to three missed payments. With many Americans relying on a vehicle to get them to…

Unfortunately, aging doesn’t make individuals immune to financial challenges. The same financial problems that plague younger generations can also take their toll on Americans age 55 and older. However, older citizens may face special issues that younger people do not when filing for bankruptcy. Sometimes filing for bankruptcy does not make sense for seniors. For some individuals over 55, filing for bankruptcy is the best financial decision they can make…

For many, the purpose of filing for bankruptcy is to wipe away most debts. Bankruptcy is a legal option for Americans who are finding it difficult, for whatever reason, to pay off their debts. Often, these debts are causing additional problems such as the risk of repossession of a vehicle, eviction, or foreclosure on a home. When a debt is discharged in bankruptcy, the debtor is no longer liable for…

Worries about losing your home are incredibly unsettling. Many people who are concerned that they might lose their house due to financial duress look for alternatives so that they can stay in their homes. One viable alternative for many homeowners is filing a Chapter 7 or a Chapter 13 bankruptcy.  Whether this option is viable in your individual situation depends on multiple factors. If you are in danger of losing…