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What is chapter 7 and how does it work?
When a person files a bankruptcy case, the goal is to wipe out as much debt as possible so that the person can get a fresh start. You may not want to get rid of some of your debts if, for example, you want to keep your home and car and want to continue to pay the mortgage and car payments. There are other debts that you cannot get rid of. Your other debts are either dischargeable, meaning that your personal liability will be eliminated, or non- dischargeable, meaning that you will continue to remain liable on the debt after your bankruptcy is over. Learn More
Not necessarily. There are different options when it comes to homes and vehicles when filing for bankruptcy. Learn More
If you’re seeking relief from financial stress, you may be considering filing for bankruptcy on your own. After all, why hire a lawyer when money is tight and you want to keep this process as low-cost as possible? Here’s why. Filing for bankruptcy requires careful planning and an acute knowledge of every step of the […]
Are you currently facing insurmountable debts? Perhaps you’ve already looked into debt negotiation or consolidation but to no avail. And if you’ve found no success in working with creditors to create a feasible payment plan, it might be time to consider bankruptcy. Yet, if you have a sizable retirement account, you may be wondering how […]