Who is Not Eligible for Chapter 13 Bankrtupcy?

Who is Not Eligible for Chapter 13 Bankrtupcy?

For those not able to pass the Chapter 7 means test, Chapter 13 is the next best option and is effective in repaying creditors and discharging unsecured debt. There are some entities that are not eligible for Chapter 13 bankruptcy however, and we’ll cover those here today. Businesses can’t file for Chapter 13 bankruptcy and  … Read more

  Filed under: Chapter 13


Debt Collection Executive Receives 4 Years in Prison for Fraud

Debt Collection Executive Receives 4 Years in Prison for Fraud

Peter Pinto, the Chief Executive Officer of the debt collection agency, Oxford Collection Agency, received a 48 month prison sentence in New York this week for his role in a $12 million dollar fraud case. Pinto was sentenced after pleading guilty to the fraud and money laundering charges last year following his supervised release. Debt  … Read more

  Filed under: News


Hire an Attorney for Chapter 7 Bankruptcy

Hire an Attorney for Chapter 7 Bankruptcy

Some individuals are able to successfully file for Chapter 7 bankruptcy without an attorney. The primary reasons for individuals choosing not to be represented by a bankruptcy attorney when filing for Chapter 7 are the inability to afford attorney fees. Others simply feel they don’t need an attorney to file Chapter 7 bankruptcy. A local  … Read more

  Filed under: Chapter 7


Spotting a Debt Relief Scam

Spotting a Debt Relief Scam

Individuals drowning in debt look for a life preserver in many forms, and sometimes it can result in a costly mistake. The Federal Trade Commission (FTC), warns consumers to be weary of debt relief and credit repair scams that can target individuals with lofty credit card debt by falsely promising to negotiate with creditors in  … Read more

  Filed under: Debt


Bankruptcy Filing Timing

Bankruptcy Filing Timing

You want to file a bankruptcy but cannot decide when.  At times, you may be better off delaying because you may get to keep your property. Or, maybe you could deal with debt in some other way, and not announce bankruptcy.  We’ll highlight some common scenarios, and give you a relevant advice on each. Bankruptcy  … Read more

  Filed under: bankruptcy


Types of Bankruptcy

Types of Bankruptcy

Bankruptcy is of several types, each of which has varying purposes and caters to different kinds of debtors. Learn more about the differences in types of bankruptcy. Types of Bankruptcy Chapter 7 The chapter 7 bankruptcy is also regarded as the liquidation or straight bankruptcy. You can file whether you are an individual or married  … Read more

  Filed under: bankruptcy