bankruptcy blog

It may be a wise idea to pre-plan if you are considering bankruptcy. There are some essential actions that you need to avoid before and after the filing, which may have a considerable impact on the outcome. If you un-knowingly or intentionally tried to hide assets or otherwise keep assets from being considered in your  … Read more

Facing a divorce as well as having overwhelming debt, can be a stressful matter. However, timing can be crucial. Discussing your options with a bankruptcy attorney can help you decide if it is better to file bankruptcy before or after your divorce. Filing for divorce before bankruptcy It may be a good idea to file  … Read more

Everybody has made or will make plenty of financial decisions. Between renting a home or buying one, buying a new or a pre-owned car, thinking about the best way to protect yourself from a health care problem that could cost tens of thousands of dollars. You may find yourself stressed, overwhelmed, and considered bankruptcy at  … Read more

Many big names have filed for bankruptcy from small businesses to huge department stores and entertainment companies since the start of the pandemic COVID-19 situation. Even considering the reopening of the economy, the social distancing measures may continue, and for some companies, this can indicate significant problems in the financial field. It’s important to understand  … Read more

A bankruptcy filing under Chapter 13, which is sometimes called Reorganization Bankruptcy, refers to applying for the court’s intervention in reorganizing the assets and liabilities of an individual or married couple. So, when the Court receives an application under Chapter 13 of the Bankruptcy Code, it helps the applicant restructure their debts and assets. The  … Read more

Simply put, Chapter 7 bankruptcy can be defined as a procedure in which an individual in severe financial distress can eliminate all or some of their debts. It takes about six to seven months to go through the entire process. Filing Chapter 7 Bankruptcy Involves Filling out all of the necessary forms Being present in  … Read more

When you can no longer face your financial difficulties, after too much struggle and sacrifices to pay your debts. The time has come to file for bankruptcy, but first, you need to find a bankruptcy attorney that can give you a clearer understanding of where you stand and what your options are. You don’t have  … Read more

You may be wondering what will happen to your assets while filing for Chapter 7 or Chapter 13 bankruptcy. What are your bankruptcy options, and what exemptions are available to protect your assets? The first step of bankruptcy is filing a petition in federal bankruptcy court. You can file for Chapter 7 (liquidation) or Chapter  … Read more

Bankruptcy is a legal process that helps individuals and businesses to remove all or a portion of their debt. It may be seen as a relief, but declaring bankruptcy has a serious, long-term effect on your credit. Step 1: Find a Good Lawyer You need to find an experienced attorney who can handle your case.  … Read more

Bankruptcy is a viable financial option being used by thousands of people each month who are facing increasing unsecured debt, such as credit card debt, medical bills, or are at risk of losing their car or home. Consider filing for bankruptcy if you are in any of the following desperate conditions: You cannot pay off  … Read more