I have a belief that creditors perpetuate the stigma that bankruptcy makes you a bad person because of their own self-interests. Does it make you a bad person if you want to protect your house? To protect your income so you can put food on your kid’s table? I think most everyone believes putting a […]
One of the biggest mistakes I see from debtors that meet with me is that they have liquidated their retirement accounts to pay down their debts. For those people that end up in my office that have liquidated their retirement and still need to file bankruptcy, it is difficult to pass along that they could […]
I’ve filed hundreds of bankruptcies and I encounter a common issue in my practice; especially, this time of the year. Debtors (what they call people who owe money) oftentimes will pay relatives back before other debts such as medical bills and credit cards. This makes sense because you want to square up with the people […]
Filing for a bankruptcy is a difficult decision to come to but if you are considering filing then there are some things to consider. When money is tight, it isn’t uncommon that decisions have to be made on who to pay with the limited resources you have. Oftentimes, people try to pay back mom or […]
Potential clients come into my office to determine if bankruptcy is the right step for them. A common question that I’m asked is whether or not they will lose all of their belongings. It is a common misconception that you’ll be left without anything in a bankruptcy. Every state gets to decide what “exemptions” (a […]
What is a bankruptcy trustee? A bankruptcy trustee is an individual assigned to your bankruptcy to determine if there is anything to be administered on behalf of the bankruptcy estate (i.e. your creditors). Their job includes reviewing your bankruptcy petition for accuracy and to alerting the United States trustee if there are any concerns about […]
When can I file bankruptcy again? Unfortunately, people sometimes get in a situation where they need to file bankruptcy more than once. If you filed a Chapter 7 bankruptcy, you won’t be able to file another Chapter 7 for 8 years from your filing and a Chapter 13 where you receive a discharge until 4 […]
What to do after your bankruptcy discharge? You filed bankruptcy and your debts were discharged. Hopefully, your case closed shortly thereafter. You may ask yourself, what should I do next to move forward? A bankruptcy filing can remain on your credit report up to 10 years for Chapter 7 filings and 7 years for Chapter […]
What is bankruptcy protection? You might find yourself searching the internet for solutions to your mounting debt. The words “bankruptcy protection” may continue to pop up from time to time in your quest for additional information on your problem. So what is bankruptcy protection? Bankruptcy protection begins as soon as a debtor files. When a […]
What Is A Bankruptcy Discharge? A bankruptcy discharge is one of the primary reasons that an individual files for bankruptcy protection. A bankruptcy discharge is a Court order releasing the debtor from personal liability for the majority of debts (some debts are not covered by the discharge) that they owe. This means the debtor is […]