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...]
Why Is Bankruptcy Called Chapter 13?
Why Is It Called a Chapter 13? So you are facing a mountain of debt, but have some income. Your attorney or a friend has recommended that you seek protection under “Chapter 13.” But what does that mean? Why is it called a Chapter 13 bankruptcy, and … [Read more...]
WHAT DO JUDGES & TRUSTEES WANT BANKRUPTCY LAWYERS TO KNOW
On Wednesday, June 25th I was a panelist at a Bankruptcy Forum on What Judges and Trustees Want Bankruptcy Lawyers To Know. This full day program was organized by the National Business Institute. On the panel were Bankruptcy Judges Judith … [Read more...]
Why Is Bankruptcy Called Chapter 7?
What Is a Chapter 7 Bankruptcy? If you have been wrestling with a large amount of debt - and you don't see any way to pull yourself out of your financial problems - Chapter 7 could help you. Legal counsel, or a friend or family member, might have … [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...]
Will the Short Sale of Your Home Damage Your Credit Rating?
If you are behind on your mortgage and facing potential foreclosure proceedings, is it better to dispose of your property through a short sale (where you sell your home for the market value, even though it’s less than the amount remaining on the … [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...]