Latest on the Bankruptcy Blog

To save your home in Chapter 13, you must make a plan to pay off your mortgage arrears. You must also pay back the remaining debt on your mortgage. This means that you must understand the amount of money you owe, how your mortgage works, and what your lender wants you to do. If you  … Read more

Wage garnishment is a court order that requires your employer to deduct money from your salary and wages. These garnished wages are then paid to a creditor. Wage garnishment orders can demand portions of your paycheck for resolving debts like spousal/child support, student loan debts or payments that may be part of a Chapter 13 repayment plan.  … Read more

A recent survey from Brigham Young University found that many small businesses are unaware of how bankruptcy may help save their business. A group of researchers from Brigham Young University, Harvard, University of Chicago and the University of Toronto teamed up to survey small business owners’ perceptions of bankruptcy. In short, they found that: 30%  … Read more