Bankruptcy: Get The Truth Knowing whether or not to file for bankruptcy is never easy, and this difficult decision is made even harder by the common misconceptions surrounding bankruptcy. There are several bankruptcy myths that may make you want to steer clear of filing, but before you make a decision based on something you’ve heard, […]
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Deciding To File For Bankruptcy If you are over your head in debt and struggling to make your car, mortgage or credit card payments, you may be considering bankruptcy as an option for getting debt relief and obtaining a fresh financial start. Deciding whether or not to file for bankruptcy is a difficult and emotional […]
Chapter 7 Bankruptcy Creditor’s Meeting If you file a Chapter 7 bankruptcy petition, you will be required to attend a mandatory Meeting of the Creditors pursuant to Rule 341 of the US Bankruptcy Code. Many of my clients experience anxiety or nervousness before attending the meeting, but there really is no need for concern. The […]
Discharging Debts in a Chapter 7 Bankruptcy For most people, the main goal of filing for Chapter 7 bankruptcy is to discharge (wipe out) their debts. Although some debts are “nondischargeable,” most people filing for Chapter 7 will be able to discharge most or all of their debts. While credit card debt is one of […]
Chapter 13 Bankruptcy Information There are two main reasons that most of my clients file a Chapter 13 Bankruptcy: Partial Discharge First, if your median household income is too high to pass the Chapter 7 Means Test, you may still be able to get a partial discharge of some of your unsecured debts by filing […]
Frequently Asked Bankruptcy Questions While financial strain and stress are caused by many reasons, their solution can be found in the United States Bankruptcy Code. Practically every civilization, since organized society, has had some form of bankruptcy relief. Many people have turned to bankruptcy as a solution to their financial situation. Whether to stop a […]