Ways to Avoid the Loss of Family Heirlooms or Similar Items You have a necklace or a brooch that belonged to your grandmother. It's worth a lot of money, but you would never sell it because of the sentimental value. Maybe you have a rare book collection that you've built over decades. You're struggling to meet your financial obligations, but you … [Read more...]
Get a Fresh Start in 2025
December 13, 2024 by
Use Bankruptcy Law to Get Your Finances Under Control 2024 has been a tough year for many people. If you're one of those who has lost a job, suffered a serious injury, or been a party to a divorce, you may find yourself struggling to make ends meet. That's precisely why the American bankruptcy laws were enacted—to help regular folks get a fresh … [Read more...]
Filing for Bankruptcy After the Holidays
November 27, 2024 by
Is There Any Benefit to Waiting Until the Holidays Are Over to File? You've lost your job. Maybe you've been hurt or sick, unable to work. There doesn't appear to be any prospect that your financial situation is going to change in the foreseeable future. But it's the holiday season. Do you really want to file for bankruptcy at Christmas? Is there … [Read more...]
Signs That It Might Be Time to Talk With a Bankruptcy Lawyer
November 21, 2024 by
Knowing When to Seek Protection in Bankruptcy Most of us struggle financially at some point in our lives. Maybe we've taken on a big mortgage, only to get caught in cutbacks at work. Maybe we've been hurt or contracted an illness, incurring substantial medical bills or limiting our ability to work and meet our financial obligations. In many … [Read more...]
Can You Discharge Secured Debt in a Personal Bankruptcy Filing?
October 29, 2024 by
What Happens in Bankruptcy When You Have Collateralized Debt? When you're seeking protection in a personal bankruptcy filing, you'll often have debt that's unsecured, such as credit card arrearages or medical bills, but you may have secured debt as well, including a mortgage or car loan. If you qualify to permanently discharge your debts in a … [Read more...]
Common Mistakes People Make When Taking the Means Test
October 24, 2024 by
Errors That Can Jeopardize Your Rights to Protection Under the Bankruptcy Laws When you've concluded that the best way to tackle your financial problems is by filing for protection under U.S. bankruptcy law, one of your first decisions involves the type of bankruptcy petition to file. If you seek protection under Chapter 7, you'll be able to … [Read more...]
Strategies for Keeping Assets When Filing for Bankruptcy
September 25, 2024 by
What to Do If You Can't Protect All Your Property Using Texas Exemptions Most states don't offer the generous property exemptions available under Texas law, so people filing under Chapter 7 risk the potential loss of substantial assets. In Texas, though, a person may discharge debts and still keep most, if not all, of their property. But what … [Read more...]
The Most Common Reasons People Seek Protection in Bankruptcy
September 20, 2024 by
The Factors that Lead to Most Bankruptcy Filings Have you lost your job or taken a cut in pay? Have you suffered an injury or illness that's caused you to incur substantial, unreimbursed medical debt? Did you take out an adjustable rate mortgage on your home and now find that you can't make the monthly payments? You're not alone—the same thing has … [Read more...]
