Latest on the Bankruptcy Blog

A common worry for most people is that they will lose their assets if they file for bankruptcy. They envision all of their belongings being sold by the trustee to pay to their creditors. This misconception is not true. Most people get to keep all of their possessions during bankruptcy. Various reasons will determine if  … Read more

Besides the obvious of getting your qualifying debt wiped away without having to make any more payments, there are several other possible advantages of filing bankruptcy. Automatic Stay When you file for bankruptcy, you will immediately get an automatic stay. The automatic stay stops all creditors actions against you to collect on your debt. This  … Read more

One of the reasons people are reluctant to file for bankruptcy is the fact that the bankruptcy can remain on your credit report for up to ten years. This is a valid concern as most of us would like to be able to purchase a home or vehicle in the coming years. If you are  … Read more

To get a handle on your debt problems, bankruptcy may be the fastest and easiest solution for you or your business. You may want to try other options first, but don’t wait too long before filing bankruptcy or you could lose out on some important rights you have under federal law. You should contact a  … Read more

If you have decided to file bankruptcy, it is in your best interest to hire a qualified bankruptcy attorney. Bankruptcy law is not as simple and straightforward as it may appear. Every case is different since everyone’s financial situation is different. Your lawyer will help you decide which bankruptcy chapter will serve you the best.  … Read more