What is Chapter 7 Bankruptcy?
What is Chapter 7 Bankruptcy? Chapter 7 bankruptcy is a quick and easy process that allows a person to discharge most unsecured debt. There is a lot of false information out there about bankruptcy. Please know that Chapter 7 bankruptcy is not scary; it is not adversarial – meaning there is no fight; it does […]
How is Joint Property Treated in Bankruptcy?
Find out how filing for bankruptcy under Chapter 7 or Chapter 13 will affect joint property you own with your spouse. If you are married and considering bankruptcy, you should consider how your bankruptcy filing will affect your spouse and the property you own together (i.e. joint property). The answers depend on what type of […]
Five Things You Should Not Do Before Filing for Bankruptcy
Many debtors ask about what they should do before filing bankruptcy; but what about the things that debtors shouldn’t do before filing bankruptcy? Below is a list of five things debtors should avoid before filing bankruptcy: Do NOT decimate your retirement account in an attempt to repay creditors. In fact, it’s never a good idea […]
Can I Keep My Car When I File Bankruptcy?
Will I be able to Keep my Car if I File Bankruptcy!? People often ask “Will I be able to keep my car or cars if I file bankruptcy?” In almost every case, the answer is – Yes! Ultimately, you get to keep your car during and after your case is closed. Even if you […]
What to Expect at the Bankruptcy 341(a) Meeting
What to Expect During a Meeting of Creditors When you file for bankruptcy, you will have to attend a hearing conducted by your bankruptcy trustee called a “meeting of creditors” or a bankruptcy 341 hearing. The purpose of this meeting is to allow the bankruptcy trustee an opportunity to ask you questions about the information […]
Why Debt Settlement & Consolidation Does Not Work
Why Debt Settlement Companies Do NOT Work! Now, more than ever, people are financial stressed and are in seeking a way out of the financial situation they feel trapped in. In swoop the debt settlement companies. These companies engage in tactics that deceive and mislead people about what they do. They deceive and mislead people […]
The Ins and Outs of a Bankruptcy Discharge
WHAT IS A BANKRUPTCY DISCHARGE? A bankruptcy discharge is a permanent order prohibiting creditors from taking any type of collection action. Specifically, debtors will not be able to file lawsuits, make telephone calls, or send you collection letters relative to discharged unsecured debt. A bankruptcy discharge will relieve you from being held personal liability for certain […]
Credit Card Debt is on the Rise
Credit Card Debt is Crushing According to a study by WalletHub, in 2017, credit card debt nationwide rose by $92.2 billion. Furthermore, credit card debt reached its highest levels since before the 2007 Great Recession. Much of that increase happened in the final quarter of the year when the additional $67.6 billion in debt represented […]
Restore Your Credit by Filing Bankruptcy
Bankruptcy doesn’t ruin or destroy your credit. Bankruptcy helps to RESTORE YOUR CREDIT! Below are a few reasons as to why a bankruptcy will help to restore your credit: Firstly, if you’ve filed for Chapter 7, you will have to wait another 8 years before you’re able to file another Chapter 7. Secondly, once your […]
Bankruptcy Made Easy
“Bankruptcy is never an easy decision. I talked to a different lawyer at least a year before finding Jason. I didn’t feel comfortable with the first person so I di[d]n’t file. I was immediately at ease the first time I met Jason. He made me feel like I was his only client. I had the […]
