Emergency Bankruptcy Petition
What is an emergency bankruptcy petition? Does it apply to you? If you need quick relief from creditors, you might want to consider an emergency bankruptcy petition. Understanding the Emergency Bankruptcy Petition Emergency bankruptcy refers to getting bankruptcy protection without going through the full process of completing all the required forms. You might not have…
Keeping Your Home If You File Bankruptcy
Will you lose your home if you file for bankruptcy? A common concern for homeowners who are contemplating bankruptcy is whether they will lose their home. Know the Difference Between Chapter 7 and Chapter 13 Two common types of bankruptcy are Chapter 7 and Chapter 13 bankruptcy. Both will stop a foreclosure, but they are…
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…
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…
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…
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…
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…
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…
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…