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 … [Read more...]
Debts You Should Pay While in Bankruptcy
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 … [Read more...]
Bankruptcy and Repossession
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 … [Read more...]
Important Questions to Ask before Filing for Bankruptcy
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 … [Read more...]
How Does a Chapter 7 Bankruptcy Petition Affect the Obligation to Pay Your Bills?
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 … [Read more...]
Getting the Most Benefit from a Bankruptcy Filing
Taking the Right Steps to Get a Fresh Start When life throws you a curve...you lose your job or suffer an injury or illness...the stress and anxiety that come with struggling to meet your financial obligations can be exhausting, just making things … [Read more...]
Paying the Costs of a Bankruptcy Filing
What Are the Out-of-Pocket Costs? How Do You Pay Them? When you lose your job or have substantial uninsured medical expenses, and bankruptcy seems like the only way to get a fresh start, the last thing you want to think about is another expense. But … [Read more...]
Chapter 7 or Chapter 13?
How to Determine Which Type of Bankruptcy Petition to File If you’re like many Americans, struggling with the loss of employment as a result of the pandemic, you may be considering filing for bankruptcy. If you’ve never done so before, you may be … [Read more...]
The Automatic Stay in Bankruptcy
What Is It? What Does It Protect You From? Can You Lose It? While a personal bankruptcy filing can allow you to permanently discharge certain debts (under Chapter 7) or restructure existing obligations to make them more affordable (under Chapter … [Read more...]
Myths Surrounding a Personal Bankruptcy Filing
Dispelling Common Misperceptions If you've been hit hard by the pandemic—you've lost your job or your family business has collapsed—you may be considering personal bankruptcy in order to get a fresh start. If you've never considered bankruptcy … [Read more...]