Paying a certain favored creditor within the year before filing bankruptcy can cause major headaches. Here’s how to avoid them.
Reach the main goal of most bankruptcies–the “discharge” (write-off) of all or most of your debts–by being honest throughout your case.
You usually DO have a moral obligation to pay your debts. But sometime you a have a higher moral obligation NOT to.
There are special considerations if you filed bankruptcy before your divorce and now need to think about filing another one.
By law a certain number of cases must be audited for debtors’ “material misstatements.” But how does 0% chance of being audited sound to you?
Can serious debt problems be solved through settlement, consolidation, or sometimes even by simply not paying? What are the advantages/disadvantages?
To make any important decision wisely, you first need to become well-informed about your options. Then you can weigh those options and make the best choice.
Let’s get very basic. What gives you the right to just stop paying creditors? What do creditors get in return?
Chapter 7 puts you in the driver’s seat to either keep or surrender the collateral securing your business debts.
The best New Year’s resolution for improving your life: Find out your legal options for tackling your debts, and then act on what you learn.
Bankruptcy law allows married couples to file bankruptcy separately or together. That option comes with consequences, which can also effect whether you file under Chapter 7 or 13.
In deciding between Chapter 7 and 13, get this question out of the way right away: “Can I keep everything I own if I file a Chapter 7 case?”
Chapter 13 costs much more than Chapter 7, takes about 10 times as long, so you do a Chapter 7 if possible, right?
If you don’t qualify for either Chapter 7 or 13, do you have to do a very expensive Chapter 11 reorganization? Or could you still qualify after all?