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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
Did you know that foreclosures are up in 2025 as compared to 2024? There was a 12% increase in completed foreclosures for the first half of 2025 compared to the same period in 2024. September 2025 saw a 20% year-over-year jump in completed foreclosures, while October 2025 saw a 32% jump. There is distress in […]
Consulting firm Challenger, Gray & Christmas reported that employers announced 153,074 job cuts in October of 2025. That’s a 175% rise from the 55,597 cuts announced just a year ago in October of 2024. The industries experiencing the most cuts were tech, retail, warehousing, and the service sector. This doesn’t mean that others haven’t been […]