Posted by Walter Benenati | Benenati Bankruptcy
Bankruptcy is a legal proceeding filed in federal court and available to those who cannot repay their debts. It offers individuals and businesses a fresh financial start. A bankruptcy petition may be filed by an individual, by spouses together, or by a corporation or other entity. Upon filing for bankruptcy, debtors are protected by the …
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Read MorePosted by Walter Benenati | Benenati Bankruptcy
An alternative to bankruptcy always sounds enticing to consumers. “Don’t file bankruptcy,” warns every debt settlement company on the TV, radio, and internet, feeding that desire. With names like Freedom Debt Relief and National Debt Relief, they sound welcoming. But instead of paying your debt, these companies want you to start paying them, often for …
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Read MorePosted by Walter Benenati | Benenati Bankruptcy
Right now, one of the largest base of clients are contacting us to determine if they can wipe out their SBA loans. The government was giving out these SBA loans and PPP loans during the time when many business were shut down due to Covid. We have been successful at wiping out these debts and …
Continue reading "How Are SBA, EIDL, and PPP Loans Treated in a Bankruptcy?"
Read MorePosted by Walter Benenati | Benenati Bankruptcy
Filing bankruptcy is a last resort when you are dealing with huge amounts of debt you cannot repay. Still, bankruptcy can also provide you with the clean slate you need, while also giving you a respite from the constant debt collection calls. Before you file, it is important to understand the process, as well as …
Continue reading "Busting the Biggest Bankruptcy Myths"
Read MorePosted by Walter Benenati | Benenati Bankruptcy
Fantasy sports and online sports betting are big business. It is estimated that 56 million players participate in fantasy sports leagues, which generates an annual revenue of $1.5 billion. Chances are, you or someone you know is involved in fantasy sports. By 2020, more than half of sports betting was done online with a credit …
Continue reading "The Rise of Online Sports Betting and How Gamblers are Turning to Bankruptcy"
Read MorePosted by Walter Benenati | Benenati Bankruptcy
Bankruptcy provides a great way to discharge your debts and get a new start in your financial life. However, many people considering bankruptcy do not entirely understand how the process works. Unfortunately, getting your debt discharged is not as simple as filling out some forms and waiting to hear the court’s decision. If you have …
Continue reading "Things to Know Before You File Bankruptcy"
Read MorePosted by Walter Benenati | Benenati Bankruptcy
Clients always tell me that the biggest fear they have when considering filing for bankruptcy is they will never be approved for credit, again. Whether it be buying a home, a car, or something as simple as opening a new credit card account. The good news is a bankruptcy case gives you a clean financial …
Continue reading "Can I Get Credit Cards After Bankruptcy?"
Read MorePosted by Walter Benenati | Benenati Bankruptcy
Your credit cards are maxed out, bill collectors will not stop calling, and you are behind on your mortgage payments. Your finances have been upside down for months, and no matter what you do, you can’t seem to dig your way out. When you are struggling financially, the idea of filing for bankruptcy with absolutely …
Continue reading "The Truth About Zero Down Bankruptcies"
Read MorePosted by Walter Benenati | Benenati Bankruptcy
Many people could benefit from bankruptcy but hold off due to the fear and misconceptions surrounding bankruptcy. Clearing up the myths and breaking down the bankruptcy process can help you feel a little more confident and secure when taking that next step. Protections of the Automatic Stay At the start of your bankruptcy case, as …
Continue reading "What Will Happen to Me If I File for Bankruptcy?"
Read MorePosted by Walter Benenati | Benenati Bankruptcy
The word bankruptcy often gives people an uneasy feeling. And yes, most people filing for bankruptcy are not looking forward to it. Believe me, I was one of them. I filed for bankruptcy in 2008. But I can tell you, my life is better today because of it. Will people know that I filed for …
Continue reading "I Was Embarrassed to File Bankruptcy."
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