Reasons to Choose Chapter 13 Bankruptcy Instead of Chapter 7

When your financial situation gets over your head, you start looking for solutions. While bankruptcy may feel like a last resort, it is the solution that around 800,000 Americans choose to resolve their situation each year. Most people think of Chapter 7 bankruptcy as the better option because of its reputation as a debt write-off, [...]

By | April 6th, 2017|Bankruptcy|Comments Off on Reasons to Choose Chapter 13 Bankruptcy Instead of Chapter 7

Protect Your Assets with Chapter 13

Have you recently found yourself struggling to repay a pile of credit card debt while also trying to pay for your home and car? Filing for Chapter 13 bankruptcy may be the answer to your credit collection problems. Known as the “wage earner’s plan”, Chapter 13 bankruptcy is a voluntary reorganization of debts for individuals. [...]

By | March 16th, 2017|Bankruptcy|Comments Off on Protect Your Assets with Chapter 13

What Happens If You Hide Assets from Your Bankruptcy Lawyer?

When you file for bankruptcy, you’re asked to submit a list of your assets—everything you own—to your bankruptcy lawyer. If you’ve been tempted to hide some of your assets from your bankruptcy lawyer, consider the consequences. You Won’t Get a Discharge The entire goal of filing for bankruptcy—particularly Chapter 7 bankruptcy—is to receive a discharge [...]

By | March 2nd, 2017|Bankruptcy|Comments Off on What Happens If You Hide Assets from Your Bankruptcy Lawyer?

Filing for Chapter 7 Bankruptcy Can Stop Creditors from Calling

Making the decision to file bankruptcy under Chapter 7 should not be taken lightly. The web of paperwork, requirements, rights and responsibilities can be difficult for most people to navigate on their own. Hiring a lawyer who specializes bankruptcy is usually the best option for most people and doing so can get a case filed [...]

By | December 15th, 2016|Bankruptcy|Comments Off on Filing for Chapter 7 Bankruptcy Can Stop Creditors from Calling

The Top 4 Reasons Why People Go Bankrupt

There are many stereotypes surrounding bankruptcy. While many people go bankrupt simply because they have mismanaged their money or spending, there are even more perfectly responsible people who are forced into bankruptcy due to circumstances beyond their control. A shaky economy means that more people are in danger of bankruptcy than ever before. It can [...]

By | November 22nd, 2016|Bankruptcy|Comments Off on The Top 4 Reasons Why People Go Bankrupt

The Bankruptcy Abuse Prevention and Consumer Protection Act: The New Rules

Before 2005, anyone could apply for bankruptcy and get their debts erased, if a judge ruled in their favor. That led to some people abusing the system by filing bankruptcy when they actually had enough money to pay their debts. But all of that changed when the Bankruptcy Abuse Prevention and Consumer Protection Act (BAPCPA) [...]

By | October 12th, 2016|Bankruptcy|Comments Off on The Bankruptcy Abuse Prevention and Consumer Protection Act: The New Rules

Who Qualifies to File for Chapter 7 Bankruptcy?

There are two types of bankruptcy filings for individuals: Chapter 7 or Chapter 13. Chapter 7 is the one that most people have heard about—it’s the one where debts get written off, never to be seen again. Chapter 13 is the reorganization bankruptcy were debts are arranged into a three to five-year payment plan. It [...]

By | September 27th, 2016|Bankruptcy|Comments Off on Who Qualifies to File for Chapter 7 Bankruptcy?

4 Things to Know About Filing Chapter 7 Bankruptcy

If your financial situation has spiraled out of control and creditors are calling you night and day, you’re probably getting desperate for a drastic solution. For many, the option that comes to mind is bankruptcy. If you’re considering bankruptcy, there are a few things you should know. Chapter 7 doesn’t get rid of all debts. [...]

By | September 8th, 2016|Bankruptcy|Comments Off on 4 Things to Know About Filing Chapter 7 Bankruptcy

4 Things You Need to Do When A Customer Files Bankruptcy

  Almost 820,000 bankruptcy filings took place in 2015. If you’ve received the dreaded notice that a customer filed bankruptcy, there are a few things that you absolutely must do. A customer’s bankruptcy filing doesn’t necessarily mean that you don’t have any rights and that you won’t get any payment on the amount the customer [...]

By | June 20th, 2016|Bankruptcy|Comments Off on 4 Things You Need to Do When A Customer Files Bankruptcy

Why You Need a Bankruptcy Attorney

If you’ve found yourself sinking in debt, bankruptcy can start to look like an attractive option. Yes, you will lose credit and assets, but you will also be able to pare down your debt and get relief from harassing creditor calls. Some people try to file bankruptcy without the help of a lawyer, but there [...]

By | May 30th, 2016|Bankruptcy|Comments Off on Why You Need a Bankruptcy Attorney