What Is It? Is It Different from Other Chapter 7 Filings? With limited exceptions, when you are struggling to meet your personal financial obligations, you have two potential paths to use American bankruptcy law to get a fresh start: liquidation or … [Read more...]
What Is the Process for Filing a Chapter 7 Bankruptcy Petition?
What Steps Can You Expect When Seeking to Discharge Debts Permanently? When you’ve lost your job or had an unexpected injury or illness, bankruptcy may be the best way to get a fresh start. If you qualify, you can ask the bankruptcy court to … [Read more...]
How Does the Means Test Work for Chapter 7 Bankruptcy?
How Does the Bankruptcy Court Determine Whether or Not You Qualify? When you’re struggling to meet your financial obligations and have determined that a personal bankruptcy filing is your best chance for a fresh start, you may have a couple of … [Read more...]
Will Filing for Bankruptcy Protection Permanently Affect Your Credit?
How Long Will a Bankruptcy Affect Your Credit? Will It Ever Drop Off Your Credit Report? For many, one of the biggest fears associated with bankruptcy is the perception that it will permanently destroy your credit, that you’ll never be able to get a … [Read more...]
Do You Still Have to Pay Your Bills When You’ve Filed for Bankruptcy Protection?
Does the Automatic Stay Mean You Don’t Have to Pay Your Debts? When you file for personal bankruptcy, whether you’re seeking to permanently discharge debts in Chapter 7 or want to set up new payment arrangements through Chapter 13, the automatic … [Read more...]
What Happens When a Creditor Violates the Automatic Stay
What Are the Consequences for the Creditor? How Do You Protect Your Rights? For many who file, one of the important benefits of a bankruptcy petition is the automatic stay, which goes into effect immediately and prohibits creditors from taking any … [Read more...]
Will a Chapter 7 Bankruptcy Affect Your Retirement Assets?
Are Funds in a Qualified Plan a Part of Your Bankruptcy Estate? When you qualify to permanently discharge debts through a Chapter 7 bankruptcy petition, you must make some of your assets available to the bankruptcy court, to be used to pay some of … [Read more...]
Determining Whether Bankruptcy is the Best Option
The Factors to Consider before Pursuing Bankruptcy Protection You’ve been struggling to meet your financial obligations, perhaps as a consequence of a serious illness or injury, or maybe due to the loss of a job. You’ve always been able to work … [Read more...]
Mistakes to Avoid When Considering Filing for Bankruptcy
Common Pitfalls People Make before Seeking Protection Seeking protection through a Chapter 7 or Chapter 13 bankruptcy can help you get a fresh financial start. That’s precisely why lawmakers put these laws in place, so that you won’t be permanently … [Read more...]
What You Want in a Bankruptcy Attorney
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 … [Read more...]
