Pursuing Reorganization Rather than Discharge of Debt When you’re considering seeking protection under the American bankruptcy laws, a Chapter 7 petition may seem like the best way to go. After all, you’ll get to totally wipe the slate clean on your debts, right? Isn’t that what you really want? Not necessarily. While fully discharging your … [Read more...]
Get a Fresh Start in 2023
January 5, 2023 by
A Personal Bankruptcy Filing Can Help You Get Your Finances in Order If you're like most Americans, you want to make some changes in your life. For many, the turning of the calendar can be the perfect time and the right motivation to do just that. If one of your New Year's resolutions is to get your financial house in order, you may want to … [Read more...]
Should You File for Bankruptcy before the Holidays?
December 7, 2022 by
The Benefits of Filing before the Holiday Season It's the holiday season—the "most wonderful time of the year," according to the old song. But if you're struggling financially, it can simply be the source of even more stress. The thought of filing for bankruptcy right before Christmas—now that's a real downer. But there are a number of good … [Read more...]
Common Mistakes Debtors Make on the Chapter 7 Means Test
November 15, 2022 by
Errors to Avoid So That You Qualify to Discharge Your Debts If you're looking for a fresh start in bankruptcy and you want to be permanently rid of some of your debts, you'll want to file a petition under Chapter 7 of the bankruptcy laws. To qualify, though, you'll need to submit to a "means test," whereby you demonstrate to the bankruptcy court … [Read more...]
What Debts Should You Pay While in Bankruptcy?
November 10, 2022 by
Payments You Want to Continue to Make after Filing for Bankruptcy When you file for personal bankruptcy protection, whether under Chapter 7 or Chapter 13, an automatic stay immediately goes into effect, preventing your creditors from calling, writing or taking legal action to collect certain debts. There's a common misperception that, once the … [Read more...]
Can I Keep My Car When I File for Chapter 7 Bankruptcy?
October 13, 2022 by
Can You Discharge the Debt and Keep Your Car? When you're facing seemingly insurmountable financial challenges, a Chapter 7 bankruptcy can seem like a dream come true. You can permanently discharge debts, so you won't ever have to pay those arrearages again. But can you discharge debt and keep the property? What if you have a car and still owe … [Read more...]
Key Questions When Considering Bankruptcy
October 6, 2022 by
The Most Important Things to Know Before You File You've been struggling to meet your financial obligations for some time and it doesn't look like things will be getting much better anytime soon. A personal bankruptcy filing may be what you need to get a fresh start. But you've never done this before. You want to know a few things first. What Are … [Read more...]
How to Get the Most Out of a Bankruptcy Filing
September 7, 2022 by
Steps You Should Take to Get the Full Benefits of a Personal Bankruptcy Petition You can’t meet your financial obligations because you’ve been sick or injured or you’ve lost your job. You know things will eventually get better, but the foreseeable future looks bleak. That’s why the bankruptcy laws are in place—to help you get a fresh start when … [Read more...]
The Tax Benefits of Filing a Bankruptcy Petition
August 12, 2022 by
The Tax Advantages of Bankruptcy Over Debt Forgiveness You've lost your job or had to take a new one with less pay because of the pandemic. You've suffered an unexpected and uninsured illness or injury that's left you in dire financial straits. You've considered filing for protection under the bankruptcy laws, but you've convinced yourself that … [Read more...]
