Latest on the Bankruptcy Blog

In the United States, we are fortunate to all have the option of representing ourselves in court.  For those who can’t afford a lawyer, self-representation may be the only way to go.  However, when it comes to the complexities of the bankruptcy process, it is highly advised that you hire a bankruptcy lawyer to walk  … Read more

Are you struggling with your finances?  Has debt negotiation proven to be of little benefit for you?  If so, you might benefit from initiating credit negotiations with your credit card provider.  Credit negotiations can be a great way to demonstrate good faith and cut a deal with your credit card company. Suggestions for Getting Started  … Read more

If you’re about to file for bankruptcy, you might be getting your first taste of the wonderful freedom a debt-free life offers.  Thinking about your future solvency is almost dream like.  While you’re excited to soon begin the bankruptcy process – as you should be – there’s one major credit caution you absolutely must know  … Read more

The confusing and outdated laws that drive some sectors of the financial and legal world have never been so frustrating.  Local governments, stooping to a new low, are now seizing property from homeowners over tax debt as low as $400!  It’s a shocking move that has more than a few consumer protection agencies up in  … Read more

Before you dive fully into the bankruptcy process, it’s likely that you’ll have a consultation with a bankruptcy specialist before you begin signing any forms.  This consultation is a critical part of your experience.  After all, it’s during this consultation that you’ll first get the opportunity to ask questions of the people who will be  … Read more

In today’s tough economic times, many businesses that began five or six years ago before the financial downturn are now struggling to keep afloat.  Business bankruptcy provides sole proprietors, partnerships, and even corporations the opportunity to get the debt relief they need.  While no business owner ever dreams of filing for bankruptcy, sometimes bankruptcy is  … Read more

Medical debt can present a huge challenge to many families.  If someone in your family had an unexpected medical emergency, you may be faced with a mountain of medical debt – even if you have health insurance.  Dealing with this medical debt presents you with a unique situation.  Because medical debt-holders (i.e. doctors and hospitals)  … Read more

No doubt, you’re well aware that our nation is a debt-driven nation.  From the federal government and major corporations, all the way down to non-profits and the lower classes; nearly every transaction in our society involves the use of debt and/or credit.  While a financial obligation isn’t an entirely bad thing when it’s paid off  … Read more

Chapter 11 and Chapter 13 are both forms of bankruptcy that deal with debt reorganization.  If you’re earning an income, but it’s not quite enough to pay off all of the burdensome debts you currently carry, debt restructuring through the bankruptcy process is something that could be very valuable for you.  However, individuals filing for  … Read more

As many state and local governments struggle with balancing their budgets and fending off bankruptcy, you may find yourself accused of tax debt you didn’t know you were guilty of.  As tax debt issues continue to pop up all over the nation, it’s important to know how to approach these issues responsibly.  We’d like to  … Read more