One of the crucial reasons that individuals file for bankruptcy is to receive relief from their creditors. The initial relief arrives in the form of an automatic stay. The automatic stay goes into effect immediately upon filing for bankruptcy. In … [Read more...]
“Meaningful Review” by Collections Attorneys
U.S. District Judge Kevin McNulty, in the District of New Jersey, ruled last week in Bock v. Pressler & Pressler that a debt collection law firm violated the FDCPA (Fair Debt Collection Practices Act). The law firm apparently did not conduct a … [Read more...]
Dealing With the Emotions of Bankruptcy
The Emotional Toll That Comes With a Bankruptcy Filing Maybe you are just considering filing for bankruptcy protection, or maybe the process is complete or nearly complete. Here are some of the common emotions people express when considering or … [Read more...]
How Come I Can Be Thrown in Jail for Not Paying Child Support If I’m in Bankruptcy
Bankruptcy and Delinquent Child Support Payments You are behind on all your bills, including your child support. Maybe you lost your job, maybe you’ve had a difficult time getting back on your feet after a divorce or maybe you’ve been sick or hurt. … [Read more...]
Do I Really Need a Lawyer to File for Bankruptcy?
Filing Bankruptcy on Your Own — Can You??? Should You??? When you are struggling to make ends meet and have concluded that your best option is probably to file for protection under the federal bankruptcy laws, the last thing you may want to think … [Read more...]
When Pride Prevents a Person From Filing for Bankruptcy
Pride — One of the Biggest Stumbling Blocks to Exercising Your Rights in Bankruptcy In our wired and connected world, there’s a lot of hot air that makes its way around, talking about “high rates of bankruptcy” and implying that bankruptcy is simply … [Read more...]
Questions to Ask Your Lawyer About Bankruptcy
Considering Filing for Bankruptcy? Here Are the Questions to Ask Your Bankruptcy Lawyer You’ve been working hard to get your financial life back in order, but still can’t see any light at the end of the tunnel. You’re thinking maybe it’s time to … [Read more...]
Why Emotions Can Be Set Aside in a Bankruptcy Filing
Don’t Let Your Emotions Get in the Way of a Bankruptcy Filing You’ve been struggling to meet your financial obligations for months or even years, and you only seem to be getting further behind. Friends and family may have suggested that you consider … [Read more...]
Pros and Cons of Bankruptcy
Considering Filing for Bankruptcy? Reasons for and Reasons Against Filing If you are struggling under a mountain of debt and you have been unable to get creditors to work with you, you may be considering a bankruptcy filing. Before you hire an … [Read more...]
What Is the Difference Between Chapter 7 and Chapter 13 Bankruptcy?
Deciding Between a Chapter 7 and a Chapter 13 Bankruptcy Filing If you’ve concluded that the best (or only) way out of your current financial predicament is to seek protection in bankruptcy, your next step is to determine which direction you want to … [Read more...]