bankrupt

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…

Read More...
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…

Read More...
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…

Read More...
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…

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...

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...