Chapter 7 Bankruptcy

house in foreclosure

How Long Does Foreclosure Take? Can Bankruptcy Help?

The length of the foreclosure process varies among different states, with some states taking up to two years before forcing homeowners to move out of their residences. With the COVID-19 pandemic affecting foreclosure laws in all states, homeowners in foreclosure now have multiple government resources on which to rely for financial assistance. In addition, bankruptcy…

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Why Are My Wages Being Garnished? Can Bankruptcy Help?

Why Are My Wages Being Garnished? Can Bankruptcy Help?

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 practice. Let’s take a look at the reasons why wage garnishment occurs and whether bankruptcy is a viable option.   Why Your Wages Are Being Garnished…

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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 a devastating impact on the U.S. economy over the past eighteen months. Shortly after the pandemic arrived in this country, Congress passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act, which provides a wide variety of relief to individuals and businesses. This includes several changes to federal bankruptcy law….

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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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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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