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...]
