Blog
- Get a Fresh Financial Start in 2023
Jan 23, 2023
The Benefits of Filing for Personal Bankruptcy Protection If you’re like many Americans, you started 2023 with financial concerns. Maybe you lost you job last year or maybe you suffered a serious injury or illness. Regardless of the reason, you’ve been struggling to make ends meet, and can’t quite get there. You’ve considered filing for bankruptcy protection, but you’re worried what it might do to your credit, and you feel like it’s a concession of...Read More - Taking the Right Steps in Preparation for Bankruptcy
Dec 15, 2022
Things You Do and Don’t Want to Do before Filing for Protection There’s an erroneous perception that bankruptcy is a bad thing, that it’s a sign of failure or irresponsibility, that it’s going to ruin you financially for the rest of your life. Those sentiments typically come from people who’ve never had an unexpected injury or illness, never lost a job or never gone through a divorce. The reality—the bankruptcy laws were enacted to give...Read More - Happy Thanksgiving
Nov 23, 2022
...Read More - The Means Test for Chapter 7 Bankruptcy Eligibility
Nov 15, 2022
Mistakes to Avoid When Submitting to the Means Test If you’re looking to get a fresh start in bankruptcy and you want to wipe out whatever debts you can, you’ll need to submit to a means test, so that you can file for protection under Chapter 7 of the bankruptcy laws. The purpose of the means test is to confirm that you lack the necessary resources to repay your creditors over three-to-five-years in a Chapter...Read More - Debts You Should Pay While in Bankruptcy
Nov 10, 2022
The Limits of the Automatic Stay One of the most tangible benefits of a personal bankruptcy filing is the immediate application of the automatic stay, which allows you to suspend payment on those debts included in the petition while you either move toward discharge of debts or reorganization. There’s a common misunderstanding, though, that filing for bankruptcy protection means you don’t have to make any payments to creditors until you’ve worked out a payment plan...Read More - Happy Halloween!
Oct 31, 2022
...Read More - Bankruptcy and Repossession
Oct 14, 2022
Can I Use a Bankruptcy Filing to Keep My Car from Being Repossessed? You’re in dire financial straits because of the loss of a job, an illness or injury, a divorce or some other unforeseen challenge. You’re behind on credit card, mortgage and car payments, and you’re scared every time you go out to your car, afraid it will have been repossessed. Can a personal bankruptcy filing stop a repossession effort? Can your lender seek...Read More - Important Questions to Ask before Filing for Bankruptcy
Oct 6, 2022
The Things You Want to Know When Considering Bankruptcy You’re struggling pay your bills because you’ve lost your job or your hours have been cut back to nothing. You can’t see anyway things are going to improve in the near future, so you’ve given some thought to filing for personal bankruptcy protection. Here are some of the most important things you’ll want to know before you file. The Difference between Chapter 7 and Chapter 13...Read More - How Does a Chapter 7 Bankruptcy Petition Affect the Obligation to Pay Your Bills?
Sep 16, 2022
Can You Use the Automatic Stay to Avoid Paying Any Financial Obligations? When you file for protection under the American bankruptcy laws, an automatic stay immediately goes into effect, preventing your creditors from calling, writing or taking any legal action (outside of the bankruptcy proceeding) to collect a debt. Does that mean that you can stop paying all bills? Will the automatic stay prevent all your creditors from trying to collect a debt? Unfortunately, no—while...Read More