blog

  • The Path to Financial Recovery: How a Bankruptcy Attorney Can Help

    Dealing with overwhelming debt and financial struggles can be an incredibly stressful and overwhelming experience. Fortunately, there is help available to guide you toward a path of financial recovery. A bankruptcy attorney specializes in helping individuals and businesses navigate the complexities of bankruptcy law, providing expert advice and support during this challenging time. Explore how a bankruptcy attorney can assist you in your journey toward financial stability and provide invaluable legal counsel. [Read More]

  • What Happens To Your Home When Filing Chapter 7

    It's only natural for those considering a bankruptcy filing to worry about their home. However, many homeowners file for Chapter 7 without ever encountering a problem. The way your home fairs with a Chapter 7 filing depends on several factors. Read on and find out more so you will be ready to make an informed decision.  Your Home Is an Asset While you might already think of your home as an asset, after filing for bankruptcy it may also be a bankruptcy asset. [Read More]

  • Abandoned Property And Your Chapter 7 Bankruptcy

    Most people have heard of abandoned property regarding goods left at storage facilities. However, this term may also apply to those filing chapter 7. Read on to find out what is meant by abandoned bankruptcy property. Chapter 7 Liquidation Most chapter 7 filers are protected against property seizures with exemptions. However, some filers could end up with non-exempt property. The trustee may seize property with the intention of selling it and then using the proceeds to pay certain expenses. [Read More]

  • Common Things to Know Before Filing Chapter 7 Bankruptcy

    Before filing for Chapter 7 bankruptcy, it's vital to research to get things right. This will equip you with the basic information you need to navigate your options. Hiring a chapter 7 bankruptcy lawyer also comes in handy because they'll answer all your questions and develop the best strategy to help you get a favorable outcome.  These professionals understand the ins and outs of chapter 7 bankruptcy law and will help make the experience less stressful. [Read More]

  • Should You Reaffirm A Bankruptcy Debt? What To Know

    You might wonder why anyone would want to prevent a debt from being discharged with Chapter 7 bankruptcy. It's important to understand that not all debt is created equal. The category your debt falls into can matter quite a bit to the way things come out after the bankruptcy is final. Reaffirming a debt is a common part of bankruptcy for many. Read on to find out why this action is so meaningful to many individuals. [Read More]

  • 3 Steps To Succeed With Debt Consolidation

    If you have mounting personal debt, it is time to get your debt under control. One way to get your debt under control is by going through a debt consolidation process with a lawyer. Paying down and consolidating your debt isn't something you can wing; you need to take a coordinated approach, and you need the assistance of an attorney and a financial planner. Debt consolidation is about managing your debt and making changes to your life. [Read More]

  • 4 Vital Things To Know About Chapter 13 Bankruptcy

    Have you had all you can take with your financial situation? Do you need relief from your debts? Many people find themselves in this situation, and a lot of these individuals turn to Chapter 13 bankruptcy for relief. If you are considering bankruptcy, it is helpful to understand how it works before using it. Here are four vital things you should know about Chapter 13 if this is an option you are considering. [Read More]

  • Take A Walk-Through The Means Test

    When you declare bankruptcy you are essentially admitting that you are unable to pay your bills now and in the immediate future. New bankruptcy rules prevent those with a certain level of income from filing chapter 7 bankruptcy. In an effort to make bankruptcy only appropriate for those that really need it, all filers should be prepared to prove income and to undergo a so-called means test if their income is above a certain level. [Read More]

  • The Benefits of a Chapter 13 Bankruptcy Over a Chapter 7 Bankruptcy

    When it comes to filing personal bankruptcy, many people believe that filing a Chapter 7 is better than filing a Chapter 13. In a Chapter 7 bankruptcy, your debt that qualifies is wiped out and you don't have to pay it back. In a Chapter 13 bankruptcy, you will establish a repayment plan and you are responsible for paying off some of the debt you owe. Although it seems like an easy decision, there are times when debtors aren't able to file for Chapter 7 because monthly income levels are too high and disposable income amounts make you ineligible. [Read More]

  • When You Can't Pay Your Mortgage: Tips For Avoiding Foreclosure

    When you experience a change in your financial security, you do everything you can to meet your obligations and pay your bills. However, sometimes the odds are stacked against you, and you no longer can pay your bills and your creditors. Missing payments to your mortgage lender can lead you into deeper financial trouble.  Most people want to avoid foreclosing on their home at all costs. The first step you need to take if you're experiencing trouble with your finances, especially if you are in danger of losing your house, is to contact a foreclosure attorney. [Read More]