Latest on the Bankruptcy Blog

When you file Chapter 7 bankruptcy, your assets will be evaluated and your trustee could sell any nonexempt property. Any money obtained by selling your property will be distributed to your creditors to satisfy the debt. If you have sold any nonexempt property within the prior two years before submitting your bankruptcy papers, the court  … Read more

When you get behind in your bills and the debt collectors are calling, it can be stressful and sometimes embarrassing. Getting a call from a debt collector can also be annoying and frustrating. Knowing your consumer rights can prevent you from being taken advantage of. Filing bankruptcy can also get the debt collectors to stop  … Read more

When people are overwhelmed in debt, adding another bill by hiring a bankruptcy attorney can seem impossible. They often wonder if they can avoid hiring an attorney and represent themselves. You can also find advice all over the Internet on how to prepare your bankruptcy documents. The problem with both of these options is that  … Read more

If you have debt in the United States and you live outside the country, there are options you may have to relieve your financial burden. If you have real estate or bank accounts in the United States, judgments can be levied against you by federal or the state court where your assets reside. When you  … Read more

Filing bankruptcy can be a scary thing when you realize how much is involved. Bankruptcy has complicated laws and rules you must follow to avoid having your case dismissed or worse yet been charged with fraud. When your case is dismissed, this means the court rejects your case leaving you with all of your debt.  … Read more

Limited or fixed income combined with rising costs of food, medical expenses, and living expenses leads to financial hardships for many seniors. Living off of small Social Security payments or survivor benefits, seniors often find that they don’t have enough money to get through the month. Some seniors are using their credit cards to make  … Read more

If you owe money to the Internal Revenue Service, they will not let you avoid it or forget it. The IRS has almost unlimited power in recovering tax debt, making them a very aggressive collection agency. The IRS can levy your bank accounts, put liens on your property, or garnish your wages without having to  … Read more

While Chapter 7 is the more popular form of bankruptcy, effectively eliminating all of your qualifying debt without having to make a repayment plan. Chapter 13 bankruptcy with a court-approved repayment plan offers more flexibility and more options than Chapter 7. Keep Your Assets Chapter 13 bankruptcy allows debtors to catch up on missed payments  … Read more