mzocher

keeping your house during bankruptcy

How Long Does Foreclosure Take? Can Bankruptcy Help?

The length of the foreclosure process varies by state. Some states take as long as two years before requiring homeowners to move out of their homes. COVID-19 assistance might be available for you. In addition, bankruptcy could help you avoid or delay foreclosure. When a homeowner cannot pay his mortgage due to extended unemployment, severe…

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Why Are My Wages Being Garnished? Can Bankruptcy Help?

Why Are My Wages Being Garnished? Can Bankruptcy Help?

Wage garnishment is a legal procedure in which a court order requires an employer to hold back a person’s earnings for the payment of a debt. If your wages are being garnished, do not assume you are completely powerless. You can alleviate or even eliminate this financial burden with the assistance of the correct bankruptcy…

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Understanding the COVID-19 Bankruptcy Relief Extension Act

Understanding the COVID-19 Bankruptcy Relief Extension Act

The COVID-19 pandemic has had an extended impact on the U.S. economy. Congress passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act.  The law provided a wide variety of relief to individuals and businesses. It included several changes to federal bankruptcy law. Those changes were set to expire in March 2021, one year after…

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How to Decide Which Chapter of Bankruptcy to Declare

How to Decide Which Chapter of Bankruptcy to Declare

If you are experiencing financial troubles, do not feel like you are out of options. Individuals may qualify to file for bankruptcy. The question is: which chapter of bankruptcy is right for you? Here is a short, helpful guide on the different types of bankruptcy and what to expect with each one. How to Decide…

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Reasons Why You Should Hire a Bankruptcy Attorney

Reasons Why You Should Hire a Bankruptcy Attorney

Filing for bankruptcy is a big step to eliminate debt. We realize it can be uncomfortable, but for some, it might be one of the only options to get back on your feet. If this is your situation, and you are unsure where to start, we suggest speaking with a bankruptcy attorney. Let’s go over…

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What happens if I declare bankruptcy?

What Happens if I Declare Bankruptcy?

Reaching a point where you feel financially out of control is challenging, but bankruptcy proceedings provide hope. If you are considering this step, knowing what to expect and how it might help you is crucial. From understanding the different types of consumer bankruptcy to knowing how bankruptcy will affect your financial well-being, this guide will…

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Business Bankruptcy Lawyers: How to Know If Your Business Is Bankrupt

How to Know If Your Business Is Bankrupt

There are a few ways to tell if your company is going to crash (low revenue and high costs are one). While these might be overwhelming, bankruptcy is an option for many businesses that can serve as a light at the end of the tunnel. While things have been hard, you are far from out…

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Can You File an Emergency Bankruptcy To Stop Foreclosure?

Can You File an Emergency Bankruptcy To Stop Foreclosure?

Bankruptcy isn’t a word anyone likes to consider. Still, financial difficulties can strike anyone at any time, and when you can’t make your mortgage payments, you may be looking for a way to stave off foreclosure. Emergency bankruptcy may seem like the way to go to either stop or delay the bank. Before you take…

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How to Protect Your Assets From Chapter 7 Bankruptcy

How to Protect Your Assets From Chapter 7 Bankruptcy

Chapter 7 bankruptcy is a great option if you feel like you are drowning in debt. This type of bankruptcy is considered “consumer liquidation.” It eliminates many of your debts. However, there is a catch: you may have to liquidate some assets. Is it possible to protect your assets when filing for Chapter 7 bankruptcy?…

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5 Reasons to Consider Filing for Bankruptcy

5 Reasons to Consider Filing for Bankruptcy

Anyone can file for bankruptcy, including business owners.  Chapter 7 takes care of “unsecured” personal and business debt. Chapter 11 is for people and businesses who wish to remove debt without liquifying assets. Chapter 12 is specific to families who work in farming and fishing. Chapter 13 is for people not affiliated with a business….

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