Mark Zocher

Will Bankruptcy Protect Me from a Lawsuit?

Being sued is likely on everyone’s list of things they hope never happens to them. Opening an envelope and seeing a document that informs you someone has sued you can be an incredibly anxiety-producing moment – even more so if your financial situation was dire before the lawsuit arrived. So what do you do now?…

Read More...

How the Coronavirus Pandemic Might Affect Your Finances

In America and across the globe, we currently find ourselves in an unprecedented time. The global pandemic COVID-19 has affected almost everyone in one way or another. It has impacted health, obviously. And for many, this is understandably the most urgent and pressing concern presented by the virus. Beyond its health impacts, however, it has…

Read More...
bankruptcy8_600x400_preview

Can Filing for Bankruptcy Stop Repossession?

Filing for bankruptcy may stop repossession. But it depends on the type of bankruptcy you file and how far into the repossession you are. If you are being threatened with repossession and you want to keep your vehicle, speak with a bankruptcy attorney immediately. The sooner you file for bankruptcy, the easier it might be…

Read More...
Chapter 7 Bankruptcy

What Is the Difference between Filing for Chapter 11 and Chapter 13 Bankruptcy?

What’s the difference between Chapter 11 and Chapter 13 bankruptcy? Chapter 11 and Chapter 13 are bankruptcy options. Chapter 11 is a reorganization for businesses, while Chapter 13 allows a consumer to completely eliminate debts through repayment under a court-ordered plan. If you are a business owner, you may wonder which is the right option…

Read More...

How Does an Accident Affect My Car Insurance Rates?

How does an accident affect your car insurance rates? Car accidents go on your driving record, which means they may affect your insurance rates. How long they will affect it, and by how much, all depend on the severity of the accident, the payout by the insurance company, and whether or not you caused it….

Read More...

What Happens If You Do Not Disclose All of Your Assets When You File for Bankruptcy?

What happens if you do not disclose all of your assets when you file for bankruptcy? When filing for bankruptcy, you are required to disclose all assets and income. If you do not disclose all assets, including any recent transfers, your case may be dismissed and the court may impose criminal penalties – depending on…

Read More...
Chapter 7 bankruptcy

Should You Tell Creditors You Are Filing for Bankruptcy?

Should you tell your creditors you are filing for bankruptcy? While you can tell creditors you are filing bankruptcy, doing so may not stop them from continuing to call and try to collect on a past due debt. The only way to stop them from harassing you for payment, legally, is to file for bankruptcy…

Read More...
gavel and wallet

What Is Considered Disposable Income for Chapter 13?

When you file for bankruptcy, what is considered disposable income? No matter which chapter of bankruptcy you choose to file, the courts look at your disposable income and compare it to your monthly debt obligations. Disposable income is that which you can use to pay down debts, and if you have too much disposable income,…

Read More...
bankruptcy

What Debts Are Not Dischargeable in Bankruptcy?

What Debts are not Dischargeable in Bankruptcy? What debts are not dischargeable in bankruptcy? One common misconception among consumers is that you can discharge all debts and be 100 percent debt-free if you file for Chapter 7 bankruptcy. While you could discharge a vast majority of your debtors, the belief that you can remove 100…

Read More...

What Is Relief from Automatic Stay?

Who gets relief from the automatic stay in bankruptcy? When a relief from the automatic stay is filed, it is done by a creditor. The creditor is asking the court to remove the automatic stay protection issued in bankruptcy so that they can continue collection efforts. Typically, the creditor does so when they need to…

Read More...