Photo by Scott Graham on Unsplash These are financially very challenging times for many. One of the best decisions you can make is to get free bankruptcy legal advice now. What Businesses Do Before Filing Bankruptcy The following are just a few of the companies which have filed business bankruptcy in the last couple months: Pier 1 Imports CMX Cinemas … Read More
When you file your bankruptcy case can determine whether you qualify for Chapter 7. Filing sooner may help you pass the means test. Timing Can Be SO Important There are lots of ways you could greatly benefit from meeting with a bankruptcy lawyer sooner rather than later. You may save yourself lots of money by choosing an option that … Read More
Chapter 7 bankruptcy can temporarily stop student loan collections. Here are several ways it can stop these collections permanently. Bankruptcy gives you tools to deal with special debts—including those you can’t easily write off. Last week we got into income taxes. Today we discuss student loans, focusing on this special kind of debt in Chapter 7 “straight bankruptcy.” Next … Read More
Both Chapter 7 and 13 have the same automatic stay to stop creditor collection actions. But how they each use that tool is very different. Last time we focused on how you can use the Chapter 7 and Chapter 13 options to your time advantage. Chapter 7 “straight bankruptcy” is very fast. If all or most of your debts can be … Read More
Chapter 7 is much shorter and usually has lower fees than Chapter 13. But Chapter 13 can be much more powerful. Be willing to be surprised. Chapter 7 and Chapter 13 Chapter 7 “straight bankruptcy” is usually, but not always, for simpler situations. It’s often the right choice if your income is relatively low, your assets are modest, and your … Read More
Chapter 7 buys you some time by stopping a foreclosure or delaying one from starting, and may also prevent liens from hitting your home. Chapter 7 “Straight Bankruptcy” vs. Chapter 13 “Adjustment of Debts” Speaking very generally, Chapter 7 buys you some time with your home while Chapter 13 buys you much more time. So the questions are: how … Read More
Inheritances and life insurance proceeds have a special rule when it comes to the timing of your bankruptcy filing.
You must use the right “state in which you live” to qualify for Chapter 7. It’s not always obvious.
Filing bankruptcy in December instead of January can make the difference between qualifying for Chapter 7 or being forced into Chapter 13.
Bankruptcy writes off income taxes, if they meet certain conditions. These conditions are relatively, but not completely, straightforward.
You can file bankruptcy without your spouse, but the better question is whether it is wise to do so.
Most people can file Chapter 7 and not lose anything because everything they own is “exempt.” But what if something of yours isn’t?
Bankruptcy can make it possible to keep your vehicle. You have two ways, depending on how much help you need.
Although rare, sometimes it’s best for one of you to file a Chapter 7 case and the other a Chapter 13 one.
Bankruptcy has ways for you to protect your co-signer. But what if instead you’re the one who needs protection from the co-signer?
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