The main reason most people file for Chapter 7 bankruptcy is to wipe out credit card debt. In most situations, your obligation to pay the balance will go away at the end of your case. When the Trustee Pays Credit Card Creditors From the Bankruptcy Estate Most Chapter 7 bankruptcies are “no-asset cases.” There’s no … Continued

Filing for bankruptcy is more than just filling out loads of paperwork. Lots of preparation goes into planning, and what you do or don’t do before filing can affect your bankruptcy’s success. Don’t Rush Into Bankruptcy When you’re in financial distress, it’s tempting to do whatever it takes to reduce the pressure. However, because you’re … Continued

Divorce and bankruptcy are painful life events that are an unfortunate reality of life. In fact,  many people cite divorce as a leading reason for filing bankruptcy. However, with proper planning, you can make your bankruptcy and your divorce less complicated, less expensive and ultimately less painful. Filing for bankruptcy before or after a divorce … Continued

Lots of people file for bankruptcy without an attorney. In some districts, nearly 30 percent of bankruptcy filings are by pro se litigants (the legal term for “filing on your own”). Some people represent themselves because they can’t afford an attorney. Others have simple cases and don’t feel they need to hire an attorney. But … Continued

Like any other area of law, bankruptcy law is complex. Hiring the right bankruptcy attorney can be the difference between you getting a fresh start or continuing to be stuck in a financial quagmire. If you have reached the point where bankruptcy has become your best choice, you need a bankruptcy expert with whom you … Continued

Debtors in Chapter 13 bankruptcies often have more than one loan on a single home. Especially since the Great Recession of 2008, it’s common for the house to be worth less than what is owed, also known as known as being “underwater.” Bankruptcy law allows a way for debtors to get rid of a junior … Continued