Latest on the Bankruptcy Blog

Deciding that the only option you have left is file for bankruptcy can be a very frightening proposition for many. Unfortunately, it is the only option left for some individuals. You can however, learn some very important lessons should you be forced to go that direction. One very common misconception is that you will lose  … Read more

Many individuals that own a business find that they run into financial difficulties with the business and may only have the recourse of going bankrupt. A lot of these companies are classified as a Limited Liability Company. Often a Limited Liability Company or LLC is made up with many different partners. When it comes to  … Read more

In 2015, a Wall Street Journal article entitled “The Future of Personal Bankruptcy in a Post-Obamacare World” written by bankruptcy reporter Katy Stech, examines a 2014 study of bankruptcy in Massachusetts in an attempt to see how mandatory health insurance, enacted by lawmakers the in 2005, has affected bankruptcy. We weighed in with Texas Bankruptcy  … Read more

 It’s bad enough that many students end up with a horrendous amount of repayments to make upon their graduation from their schooling. Then on top of this debt they have the interest that goes with it. There is finally some help on the horizon in this regard. It has been determined that the three student  … Read more

There are many forms that will need to be filled out during a bankruptcy. One of these forms is going to be the statement of intention. What this does is outlines for the bankruptcy court as well as your creditors as to what your intentions are regarding some of your property and perhaps leases. In  … Read more

There is always ongoing news when it comes to the student loan situation. This is because it is such a huge issue for so many individuals. Recently there was a survey conducted of College students and graduates that are showing that the loan burden that they are carrying is really having a detrimental effect on  … Read more

A common question when talking about possible bankruptcy proceedings is whether or not a co-signer will still be liable for a debt should the primary debt holder be forced to declare bankruptcy. The answer is neither a solid yes or no. The truth is the answer lies somewhere in the middle. First of all, you  … Read more

A very commonly help misconception is that after declaring bankruptcy you will absolutely never qualify for a mortgage ever again; that the banks won’t touch you. If you want a mortgage you will be forced to seek out a predatory lender charging ridiculously high interest rates. This is an absolute falsehood. There are many lenders  … Read more

Your child has gotten accepted into college and you are ecstatic….at first. Then comes the conversation about exactly how you are going to be able to pay for that degree. One option is Parent Plus loans. While these loans may seem like a viable option at the time there are many things to consider before  … Read more

For many the enduring myth is that you cannot realize tax debt relief by filing for bankruptcy. This is actually a false assertion. You actually can have tax debt, including back taxes, interest and penalties as well, discharged with bankruptcy under certain criteria. Consult a qualified bankruptcy attorney to help you determine if your situation  … Read more