Filing for bankruptcy comes with it’s share of fears.Debt, foreclosure and Laws afford everyone the right to privacy. Bankruptcy is no different. The problem with privacy in bankruptcy has little do to with public record, but the issue of protecting your information from full visibility. There are laws that require your personally identifiable information to  … Read more

When filing for bankruptcy protection there are many factors that can influence the outcome of your case. There are different types of debts that may or may not be eligible for discharge through bankruptcy. The type of account the debt is tied to may also play a role in the outcome of your bankruptcy case.  … Read more

Filing for bankruptcy can often be a daunting task. Preparation and organization are crucial during the bankruptcy process. There are many financial aspects that must be carefully reviewed and documented before you can complete your bankruptcy case. Throughout the bankruptcy process, you will be required to complete several steps and file many pieces of important  … Read more

There are many questions people have when it comes to filing for bankruptcy. People often want to know how bankruptcy will affect their credit, if they will be able to keep their property and how long the bankruptcy process will last. It’s true repaying your debts can take several years and many people may not  … Read more

Medical debt is one of the leading contributors to bankruptcy filings. Healthcare options for many, especially the self-employed or small business employee are sparse, and their coverage for treatment can be severely lacking. For cancer patients, the costs of healthcare can be astronomical. Medical bills for cancer patients exceeds the cost of doctor’s visits and  … Read more

Creditors are concerned with one thing, getting their money. If you have filed for bankruptcy, you are afforded protection from creditors and collection efforts through an automatic stay. During the bankruptcy process creditors cannot collect on the debt, unless otherwise outlined through a Chapter 13 bankruptcy plan. If you receive a Chapter 7 bankruptcy discharge,  … Read more

A bankruptcy discharge refers to the finalization of a bankruptcy proceeding, whereby the debtor is released from their debts and absolved of liability for those debts. Types of non-dischargeable debts: Child/Spousal support payments – Bankruptcy laws prohibits child support or alimony payments from being discharged by filing a bankruptcy. Owed payments that accrue before, on  … Read more

Experiencing financial hardships can result in stress and anxiety over many concerns.  People worry about how they will pay their bills, how they can prevent their house from going to foreclosure and what will happen to their credit if they can’t pay their debts. After a bankruptcy or foreclosure, the biggest fear is whether they  … Read more

After filing for bankruptcy, a debtor may receive either a discharge or a dismissal. A bankruptcy discharge means the court has cleared the debtor and the debts owed to the creditors have been satisfied. A bankruptcy dismissal refers to the rejection of the bankruptcy petition, where the debtor is not cleared of their debts and the case  … Read more

The bankruptcy process helps people eliminate their debt while protecting their assets from liquidation.  It is a tool that can be very useful to anyone who cannot find the means to get out of debt on their own. Bankruptcy laws have afforded individuals an opportunity to get out of a difficult financial situation when facing  … Read more