Home Equity and Bankruptcy

Home Equity and Bankruptcy

Many times people that are forced into seeking bankruptcy protection due to an overload of personal or business debt have at least some equity in the family home. Home Equity refers to the difference in what you owe on a loan for your home and what the value of the home is. What happens to this when  … Read more

  Filed under: Filing bankruptcy


What Happens To The Family Bible During Bankruptcy?

What Happens To The Family Bible During Bankruptcy?

In many Chapter 7 bankruptcy proceedings the debtor will be allowed to keep a wide variety of things that are exempt from the proceedings. These include but are not limited to clothing and household furnishings and in some cases certain jewelry including the family wedding ring set if there is one. Another exemption that has  … Read more

  Filed under: Chapter 7


How Many Types Of Bankruptcy Are There?

How Many Types Of Bankruptcy Are There?

In the vast majority of bankruptcy blogs you typically hear talk of the most common bankruptcies. The ones that most people will find themselves involved in if they ever have to face the need for bankruptcy protection are the Chapter 7 and the Chapter 13. Much has been said and written about these two types.  … Read more

  Filed under: Bankruptcy Information


What Debts Are Not Resolved Through Bankruptcy?

What Debts Are Not Resolved Through Bankruptcy?

Most bankruptcy blogs will tell you very clearly exactly what debts are covered when you finally decide to seek protection through bankruptcy. Very few however will discuss exactly what debts may not be. Unfortunately, there are several types of debts that do not fall under the category that will be discharged even if your bankruptcy  … Read more

  Filed under: Filing bankruptcy


The Forms Required for a Chapter 7 Bankruptcy

The Forms Required for a Chapter 7 Bankruptcy

For many, the thought of going bankrupt is a whirlwind of emotions and legal maneuvering. Others feel that they know enough to be able to do the job themselves without the aid of a bankruptcy attorney or help of any kind. Keeping that thought in mind, let’s have a quick look at some of the  … Read more

  Filed under: Chapter 7


What Happens If I Cannot Fulfill My Chapter 13 Obligations?

What Happens If I Cannot Fulfill My Chapter 13 Obligations?

Many people who choose the route of bankruptcy protection either do not choose to proceed with a Chapter 7 that virtually eliminates all unsecured debt but does not allow you to protect certain assets or are unable to secure a Chapter 7 and choose or are forced to take the route of a Chapter 13  … Read more

  Filed under: Chapter 13


Loan Company Refuses To Negotiate. What Should I Do?

Loan Company Refuses To Negotiate. What Should I Do?

A common question for bankruptcy attorneys is from those who have taken out a loan from a “loan company” or another lender that is not a bank and subsequently hit a rough patch causing them to be unable to repay the loan. What is the best course of action for someone in this predicament? The  … Read more

  Filed under: Loans