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...]
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 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...]
The Impact of a Bankruptcy Filing on Your Credit Score
You have worked really hard to build and maintain a solid credit record, but have faced significant financial challenges in the last year or so. Maybe you had an illness or injury that kept you from working. Maybe you went through a divorce, or lost … [Read more...]
Can You Prevent the Loss of Your Home or Car by Filing for Bankruptcy Protection?
If you have fallen behind on your mortgage or car payments because of the loss of your job, medical expenses, a divorce, or for any other reason, you may live in daily fear that you will lose your home or your vehicle. You may have considered filing … [Read more...]