Latest on the Bankruptcy Blog

We answer a lot of questions about filing for bankruptcy, but one of the “bankruptcy basics” we are most frequently asked is this: Can I file for just one kind of debt (e.g. medical, credit card, etc.)?  The answer is, no. Go Big or Go Home When you’re filing for bankruptcy, you’re declaring your debt  … Read more

If there’s one thing that married people and singles both know about marriage, it’s this: money problems are the number one cause of divorce.  Whether it’s income-related or a spending issue – though those things are so closely connected it’s hard to tell – arguments about money are quite common in marriages.  You may be  … Read more

If you are facing mortgage debt, you need to know that you are not alone.  Millions of Americans all over the nation are struggling to stay on top of their mortgage.  However, if you’re reading this, then you’re clearly doing your homework, which sets you ahead in the game.  While you may see others going  … Read more

No one wants to file, but if serious debt relief is what you need, then there truly is nothing better than the bankruptcy process.  As you prepare to file, there’s one major piece of advice we can’t stress enough… don’t touch that credit card! Why It’s Serious It will be hard.  After all, chances are  … Read more

Anyone who has gone through the bankruptcy process knows that credit counseling is an integral part of it.  In fact, it’s required by law.  However, most people don’t go into credit counseling with the right attitude.  Credit counseling is commonly viewed as an added expense or a waste of time.  However, just because it’s court-ordered  … Read more

Nobody likes having to deal with the IRS.  Truth be told, not even tax lawyers are too fond of trying to get results from the IRS.  While there are a lot of programs that the Internal Revenue Service offers taxpayers who are interested in debt negotiation, sometimes you have a unique situation that can’t be  … Read more

Unfortunately, it’s becoming more common these days to hear of a city filing for bankruptcy.  While the news was last tuned in to the major bankruptcy case in Jefferson County, Alabama, the public’s attention is now turning to Stockton, CA, a city of 292,000 people that filed for Chapter 9 bankruptcy on June 27, 2012.  … Read more

Many Americans today are concerned about being able to pay all of their tax debt.  In the best-case scenario, the tax debt can be feasibly paid off, but sometimes taking care of the tax debt will lead people into bankruptcy.  Assuming you didn’t skip out on paying your taxes entirely (even though it’s not an  … Read more

Some loans can be seriously heavy burdens.  If you have more than just one or two loans, you probably know this lesson quite well.  But, you should know that you might not have to deal with the imposing loans that you currently have.  Oftentimes, people think that they have to be in special financial circumstances  … Read more

If you’ve filed for bankruptcy (Chapter 7 or Chapter 13) once in your life, you may think that you’ve used up a lifeline you can’t get back.  However, you’d be wrong.  While no one wants to have to go through the process more than once in their lives, it is possible.  And, if you’ve filed  … Read more