You Have the Right to Feel Good After Filing for Bankruptcy Protection Bankruptcy has gotten a bad rap. The media likes to portray celebrities who file for bankruptcy as failures, people who had it all and messed it up. Of course, the implication is … [Read more...]
Bankruptcy — A Financial Decision, Not an Emotional Decision
Keeping the Emotions Out of a Bankruptcy Filing When you are struggling to put your financial affairs in order, you need to focus on financial matters. Far too often, people will let emotions interfere with financial decisions — they won’t make … [Read more...]
Shame Relief and Bankruptcy
Don’t Be Ashamed of Filing for Bankruptcy — The Law Is There for a Purpose Shame is a common reaction from many people when they get to the point where they realize that a bankruptcy filing may be in their best interests. They are suddenly consumed … [Read more...]
The Fresh-Start Factor in Bankruptcy
Getting a Fresh Start in Bankruptcy When you have fallen behind in your financial obligations, there are times when you can put a plan in place and bring everything current within a reasonable period of time. But there are also situations in which … [Read more...]
The Shame Factor in Bankruptcy
Get Over Your Shame — The Bankruptcy Laws Are There to Help You What do these people have in common? Rembrandt van Rijn (the famous Dutch painter) Henry Ford Walt Disney Donald Trump Abraham Lincoln Johnny Unitas Michael Vick They all … [Read more...]
What is the Potential Impact of Misrepresentation in a Bankruptcy Proceeding?
When you are struggling to meet your financial obligations, and have sought bankruptcy protection, the temptation to falsify information can always be present. You may fear that the court won’t grant your petition, that you’ll again face the … [Read more...]
The Division of Marital Debt When Your Ex Files for Bankruptcy Protection
Suppose that you and your ex had joint marital debt, and you negotiate a property settlement that requires that your ex pay off certain obligations that were jointly incurred. After the divorce is final, your ex files for bankruptcy protection, … [Read more...]
The Most Common Misperceptions about a Bankruptcy Filing
We live in the information age, but we also live in the disinformation age. Anyone can go on the Internet and start rumors about just about anything. Bankruptcy is no exception. Many false beliefs have become common misunderstandings. Here are some … [Read more...]
Workers’ Compensation Benefits and Bankruptcy
If you have been hurt on the job, and have fallen behind on your financial obligations, a personal bankruptcy filing can stop the endless calls and letters from creditors. You may be worried, though, that the benefits you receive from your workers’ … [Read more...]
What is a Reaffirmation Agreement and Should I Sign It?
When you seek protection from creditors through a Chapter 7 liquidation proceeding, you have the right to reaffirm any debts, such as a vehicle loan. When you sign the reaffirmation agreement, you voluntarily waive the right to discharge the debt on … [Read more...]