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...]
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...]
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...]
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...]
Feeling Good about Starting Over Debt Free
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...]