Latest on the Bankruptcy Blog

Many students take loans to cover their full cost of attendance at school. However, your monthly loan payments depend on the money you borrow now, the more you choose, the higher you pay. That is why it is essential to compare and study your options before taking out student loans best suited for your needs.  … Read more

Chapter 13 is a “reorganization bankruptcy” type that allows debtors to repay all, or a portion, of their debts in three to five years under a court-approved plan. Chapter 13 bankruptcy is also called a “wage earner’s plan.” that lets individuals with regular income to develop a plan to repay their debts. If the debtor’s  … Read more

Chapter 7 of the Bankruptcy Code provides for “liquidation” of your debt and sometimes your nonexempt assets. The trustee will evaluate the debtor’s nonexempt property and if it can be sold for real value, and distribute it to the creditors. A chapter 7 bankruptcy does not involve a plan of repayment, the bankruptcy trustee gathers  … Read more

When you find yourself in a desperate financial situation where filing for bankruptcy is no longer a choice, then it’s time to shift focus on minimizing your financial losses. You can do this by learning more about the provisions under which you qualify to file for bankruptcy. You can do so under Chapter 7, or  … Read more

If you are struggling with debt and considering bankruptcy, you may have some concerns about how the case will go. Some people avoid bankruptcy as a whole because they think it is too complicated. Although bankruptcy is a complex area of ​​law, an experienced attorney can make the process as smooth and straightforward. To determine  … Read more