Why Filing for Bankruptcy Protection Won't Necessarily Ruin Your Credit You may have lost your job or incurred substantial medical bills that are not covered by insurance. You've been reluctant to consider bankruptcy, as you're afraid it will permanently ruin your credit. How does a bankruptcy get reported to a credit agency? What are the short- … [Read more...]
Using Bankruptcy to Get Rid of Medical Debt
August 16, 2024 by
Can You Permanently Discharge Medical Bills? When Is the Best Time to File for Bankruptcy Protection? You've suffered a serious injury or illness. As a result, you've racked up substantial medical bills, many of which are not covered by your health insurance. You might be unable to work because of your health issues, but you also may be unable to … [Read more...]
Should You Always File for Chapter 7 If You Qualify?
July 31, 2024 by
When Should You Opt for Chapter 13 Instead? When you're considering filing for personal bankruptcy protection, you have two basic options. You can permanently discharge debts through Chapter 7, or you can restructure your debts (make new payment arrangements) under Chapter 13. You must, however, qualify to file a Chapter 7 petition. You might … [Read more...]
What You Can Expect at a Meeting of Creditors
July 25, 2024 by
Preparing for the Section 341 Meeting | What You'll Need to Bring As a part of the bankruptcy process—whether you're seeking to permanently discharge debts through Chapter 7 or restructure your debts in Chapter 13—you will be required to attend what is referred to as a 341(a) meeting of creditors. While your attendance is compulsory, you typically … [Read more...]
Happy 4th of July 2024
July 4, 2024 by
To a joyful present and a well-remembered past. Best wishes for happy holidays and a magnificent new year. … [Read more...]
Can You File for Bankruptcy Protection Online?
June 28, 2024 by
Can You Complete Your Filing Without an Attorney? Is there anything you need to do in the 21st century that you can't do online? You can buy groceries, get a checkup from your doctor, and even find a spouse. What about filing for bankruptcy? Certainly, attorneys have the ability to file pleadings and other documents digitally. Can the bankruptcy … [Read more...]
What Is a Bankruptcy Trustee?
June 24, 2024 by
What Are the Trustee's Responsibilities? Because the personal bankruptcy process can be confusing and intimidating, it's always in your best interests to start the process by hiring an experienced and knowledgeable lawyer. Your attorney will be your liaison with the bankruptcy court and with the bankruptcy trustee. What is the role of the trustee? … [Read more...]
Common Mistakes People Make When Filing for Bankruptcy Protection
May 29, 2024 by
Common Errors That Can Minimize the Benefits of a Bankruptcy Petition When you've lost your job or suffered a serious injury or illness that makes it difficult or impossible for you to work, you can quickly get in financial trouble. That's precisely why the American bankruptcy laws were enacted—to help people get a fresh financial start when the … [Read more...]
No-Asset Chapter 7 Bankruptcy in Texas
May 23, 2024 by
What Is It? How Does the Bankruptcy Process Differ When There Are No Assets? When you've determined that bankruptcy is your best path forward, you will have two potential options with respect to your personal debt. If you qualify for a Chapter 7 filing, you can petition the court to permanently discharge certain debts in exchange for the … [Read more...]
What Are the Common Steps in a Chapter 7 Bankruptcy Filing?
April 3, 2024 by
What Can You Expect When You Seek to Permanently Discharge Debts? When you’re struggling to meet your financial obligations and have concluded that bankruptcy is your best option for moving forward, you may be able to permanently eliminate certain debts, provided you qualify under the Chapter 7 “means test.” Assuming that you are eligible to … [Read more...]
