Chapter 13 Bankruptcy

house in foreclosure

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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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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divorcing sad woman and man

What Happens to a Jointly Owned Home in Bankruptcy?

The joint-owned property, such as that owned by a married couple, can affect how a bankruptcy is completed. If one spouse is going to file for bankruptcy, but there are assets in both of your names, it is imperative you speak with an attorney about these properties; especially when it comes to the family home….

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depressed man and bankruptcy form

5 Steps to Bankruptcy Planning

If you are considering bankruptcy, planning is essential. The actions you take, weeks and even months before you file, could dramatically impact the outcome of your case. Regardless of how bad your financial situation is, the more steps you take ahead of time, the better the outcome will be for your case – and the…

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credit card debt

Credit Card Debt is Your Worst Enemy: 3 Ways to Defeat It

Credit card debt plagues millions of American consumers each year. In fact, the average American household in 2021  has $155,622 in debts. Those with credit cards had an average balance of more than $6,000 in 2021. Once credit cards can run your monthly budget, you might find that you are paying only the minimum and…

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