Latest on the Bankruptcy Blog

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

The chance to start fresh is not available everywhere, but you are lucky to have this chance when you have loads of debts on your shoulders. Bankruptcy wipes out almost all your debts and lends you a hand in getting back on our feet. But, before proceeding further, you must know whether you can file  … Read more

Bankruptcy is not a universal act or law with identical conditions for everyone. However, every chapter of bankruptcy law has something different to offer as per varying business and credit situations. If you are also confused between chapter 7, chapter 11, or chapter 13 of bankruptcy, then the following guide can be highly assistive for  … Read more

Seniors often retire, having enough savings to lead a life of comfort. In these circumstances, any sign of a rise in debt could cause worry. While there might be some genuine reasons to worry about filing bankruptcy if you are overwhelmed in debt or risk, the loss of your savings could save your comfortable lifestyle  … Read more

An individual needs to thoroughly assess his/her assets and debts before filing for bankruptcy. This process is known as pre-bankruptcy planning. In this stage, one needs to ensure that they avoid the common mistakes made in a bankruptcy proceeding and come out of the bankruptcy proceedings triumphant. Consult a Legal Expert Individuals filing for bankruptcy  … Read more

The Italian nomination of bankruptcy indicates its origin from the words Banca rotta means broken bench or bank. In ancient times, if a man used to owe some amount and become unable to repay, his family was usually forced to be a part of debt slavery until the debtor pays for his losses with physical  … Read more

Chapter 7 bankruptcy does not require you to immediately repay your debt. The trustees will take any non-exempt properties and sell it to distribute your assets among your creditors. After completing this bankruptcy process, your bankruptcy discharge will wipe out all your qualifying dischargeable debts. Secured Debt Secured debts are those which the creditor takes  … Read more