Latest on the Bankruptcy Blog

The means test helps decide whether a person or household qualifies for debt forgiveness or financial benefits. The means test considers your expenses, monetary resources, income, and size of your family in determining whether one has disposable income enough to pay back debts. A bankruptcy means test also determines who is eligible to get their  … Read more

To stop wage garnishments, the immediate need is to comprehend its meaning. It occurs when the court passes an order, and your employer has to follow the same. Under that order, your employer needs to withhold some share of your salary and send the same to your creditor. The creditor might be a person, company,  … Read more

An automatic stay also referred to as a stay, is an automatic injunction that stops creditors, with certain exceptions, from starting or continuing to take actions against a debtor who has filed for bankruptcy. This injunction is especially useful when the debtor is at the risk of being foreclosed on, being evicted, losing basic resources  … Read more

When you have financial problems, a loan can be a solution. Whether due to existing issues or those brought about by quarantine, which forced commerce in almost every city in the country to close its doors, causing enormous losses, and taking even the most experienced businessmen by surprise and many employees losing their job unexpectedly.  … Read more

Viewed by the U.N. as the most significant global crisis since World War II, and one that could lead the global economy to its worst performance since the Great Depression of 1929, the challenges to be faced as a result of the COVID-19 pandemic are diverse, among them the search for ways to mitigate its  … Read more

It is essential to hire a bankruptcy lawyer when filing for bankruptcy. A bankruptcy on its own is a complicated process, and you do not want to go through this alone. Understandably, you are struggling for funds, which could tempt you to become a DIY attorney or go for just any kind of attorney. However,  … Read more

Bankruptcy is a legal process that gives you the chance to discharge your qualifying debts. Deciding to file for bankruptcy is a big step to take. You are faced with multiple things to consider – you have to understand what bankruptcy may (or may not) do for you. You have to evaluate your options and  … Read more

Being a legal proceeding, the bankruptcy process may give you doubts about your presence to the court. It is why many people drop the idea of filing bankruptcy as they assume that the court’s method of cross-examination of problems can lead to significant issues. But, you may be glad to know that most people who  … Read more

When you are way behind on your debts and facing bankruptcy, the thoughts of squeezing out even more money to hire a bankruptcy attorney might push you to consider representing yourself in a bankruptcy case. The internet has made D-I-Ys relatively easy to achieve in practically everything. One internet search, a few clicks, a few  … Read more