Will the Bankruptcy Trustee Take the Money in Your Bank Accounts to Satisfy Creditors? You've been good at saving money and have a little stash in the bank. Then the unexpected happens…you run up extensive medical bills because of an injury or illness, or you lose your job, and bankruptcy is inevitable. You understand the value of that cushion in … [Read more...]
What Is a 341 Hearing?
September 3, 2021 by Leave a Comment
What Happens at the Meeting? Let's say you're injured or lose your job and suddenly face overwhelming and unmanageable debt. You do the right thing and contact an experienced bankruptcy lawyer, who helps you file and tells you that you'll be attending a "341 meeting." What is that? Do you have to attend? What happens at the meeting, and how will … [Read more...]
Why You Don’t Want to Handle Your Own Chapter 7 Filing
August 17, 2021 by Leave a Comment
The Means Test | Understanding Dischargeable Debts and Property Exemptions When you're struggling with unmanageable debt, bankruptcy may seem like the right option. But how can you afford to pay a bankruptcy attorney when you can't make your mortgage payment? You might believe that you can handle your own Chapter 7 bankruptcy filing. But … [Read more...]
Student Loans and Bankruptcy
August 6, 2021 by Leave a Comment
Can You Discharge or Restructure Student Loans in Bankruptcy? When you’re struggling to meet your day-to-day expenses, finding a way to pay significant student loan debt may seem impossible. American bankruptcy law was designed for just such occasions, to give people a chance for a fresh start. Can you use bankruptcy law to renegotiate your … [Read more...]
Ways to Avoid the Need to File for Bankruptcy
July 13, 2021 by Leave a Comment
Simple Steps You Can Take to Minimize the Risk of Financial Problems U.S. bankruptcy law was enacted to provide individuals with an opportunity for a fresh start. While there should be no stigma in taking advantage of those laws, the bankruptcy process can be arduous and time-consuming, something you'd like to avoid, if at all possible. Here are … [Read more...]
Using Bankruptcy to Discharge or Reorganize Medical Expenses
July 8, 2021 by Leave a Comment
Take the Right Steps to Maximize Your Benefit When you're hurt in an accident or suffer a debilitating illness, your first priority needs to be your health. But what are your options if you require care that's not covered by your health insurance? Can you use a bankruptcy filing to permanently rid yourself of exorbitant medical costs or reorganize … [Read more...]
A Step-by-Step Approach to Chapter 7 Bankruptcy
June 14, 2021 by Leave a Comment
Successfully Working Your Way to Discharge of Debts When you're looking to get a fresh financial start through a bankruptcy filing, the permanent discharge of debt through Chapter 7 often holds more attraction than repaying your creditors over a three-to-five-year period, as required under Chapter 13. But Chapter 7 can be tricky—you need to be … [Read more...]
When Chapter 13 May Be a Better Option Than Chapter 7
June 9, 2021 by Leave a Comment
Why Reorganization Can Be Preferable to Liquidation When you're struggling to meet your financial obligations, the thought of having your debts permanently discharged can be appealing. That's what a Chapter 7 bankruptcy offers—the elimination of certain debts in exchange for the transfer of some of your assets to the bankruptcy court, to be used … [Read more...]
Bankruptcy and Your Home
May 11, 2021 by Leave a Comment
Can You Keep Your Home When You File? Is It Easier with Chapter 7 or Chapter 13? If you're like many Americans, struggling financially because of the coronavirus pandemic, you may be considering bankruptcy as a way to get a fresh financial start. Your biggest concern, though, could be whether you'll be able to keep your house if you file for … [Read more...]
Bankruptcy for Married Couples
May 7, 2021 by Leave a Comment
Can You File Without Your Spouse? Should You? It's not uncommon for spouses to each have their own separate finances, with individual bank accounts and debts. Accordingly, it's also not uncommon for one spouse to experience financial difficulties while the other does not. Bankruptcy can be the best solution to help a struggling spouse get a fresh … [Read more...]
