Blog: Personal Bankruptcy
- The Benefits of Hiring an Experienced Bankruptcy Lawyer
Nov 8, 2023
Don’t Make the Mistake of Handling Your Own Bankruptcy Filing If you’re facing financial difficulties, but you don’t own much property or your situation seems pretty straightforward, you may think you can accomplish your objectives and save some money by handling your bankruptcy on your own. That would be a mistake. Even when the situation seems relatively uncomplicated, there are many benefits to having a proven bankruptcy attorney. How a Bankruptcy Lawyer Can Help Protect...Read More - What You Want in a Bankruptcy Attorney
Nov 8, 2023
Making Certain You’ve Hired the Right Bankruptcy Counsel Are you struggling to meet your financial obligations, either because of an illness that wasn’t fully covered by insurance, by a divorce or by the loss of a job? Are your prospects for a quick financial turnaround slim? Have you considered filing for bankruptcy, but don’t know where to start? If you’ve never hired a lawyer before, the process of finding the right attorney for your situation...Read More - The Effect of Bankruptcy on a Contractual Obligation
Oct 9, 2023
Will the Contract Automatically Be Terminated? If you’re struggling to make ends meet, but working hard to improve your financial situation, you may find it in your best interests to seek protection in bankruptcy, even though you have leases or contracts that generate income for you. As a general rule, those leases and contracts will be considered property and must be included in your bankruptcy estate. Will they automatically terminate with the filing of a...Read More - Can You Keep Lottery Winnings When Filing for Bankruptcy Protection?
Oct 9, 2023
Will Lotto Winnings Be a Part of Your Bankruptcy Estate? Winning the lottery can be the answer to your financial challenges, provided that you hit it big. But what happens when the prize is smaller, but still significant? Will you be able to keep your winnings or will the bankruptcy court take your money and use it to pay off your creditors? It depends. The Important Question—When Did You Buy the Ticket? Here’s a fundamental...Read More - What to Look for When Hiring a Bankruptcy Attorney
Aug 7, 2023
The Factors You Want to Consider When Retaining Bankruptcy Counsel You’ve been hurt or diagnosed with an illness that prevents you from working. Maybe you’ve lost your job or find yourself in the middle of a divorce. If you’re struggling financially with no realistic expectation that things will get better anytime soon, a personal bankruptcy filing may be what you need to get a fresh start. If you’ve never been through the process before, you...Read More - Preparing for Your First Meeting with a Bankruptcy Lawyer
Aug 7, 2023
What You Can Expect and What You Need to Bring When your financial situation has deteriorated and there’s no reasonable prospect for immediate relief, a bankruptcy filing will often be the best way to get a fresh financial start. It’s important, though, that you go into the process with a strong commitment to putting the past behind you. To get the most out of the bankruptcy process, you want to be as prepared as possible...Read More - Bankruptcy and Credit Cards
Jul 6, 2023
Can You Keep a Credit Card? Can You Get a New One after a Bankruptcy? Unmanageable credit card debt is a common cause of many personal bankruptcy filings. But what if you don’t have significant outstanding credit card debt. Maybe you had an injury or illness and required extensive medical care, which wasn’t covered by insurance. Maybe you lost your job or went through a divorce. Can you file for personal bankruptcy and limit the...Read More - Rebuilding Your Credit after Bankruptcy
Jul 6, 2023
Reestablishing a Good Credit Rating after a Chapter 7 or Chapter 13 Filing When you seek protection from creditors through Chapter 7 or Chapter 13, your credit score is going to take a hit—it simply can’t be avoided. But that doesn’t mean that you’ll have to spend the rest of your life paying cash for everything. Though it can take some time, and usually requires hard work and attention to detail, you can boost your...Read More - Discharging Medical Bills in Bankruptcy
Jun 6, 2023
Permanently Eliminating the Obligation to Payment Medical Debt You’ve been seriously injured in a slip and fall or motor vehicle accident, and your insurance company won’t cover all the costs of your medical care. As a consequence, your medical bills are mounting and you’ve started receiving harassing phone calls and letters from medical providers. It’s a far-too-common occurrence. Statistics show that millions of Americans incur substantial unreimbursed medical expenses every year, and that many of...Read More - Factors to Consider before Filing for Bankruptcy
Jun 6, 2023
Helping You Decide Whether to Seek Protection You’ve suffered an injury or you have an illness. Maybe you can’t work or you’ve incurred thousands of dollars in medical bills that your insurance company won’t reimburse. You’ve tried to work out agreements with your creditors, but they are unwilling to meet you halfway. Is bankruptcy your next step? What factors should you consider before seeking the services of an experienced bankruptcy lawyer? What Financial Resources Do...Read More