Here’s the timeline of a Chapter 7 bankruptcy so you’ll know what to expect. Don’t worry! I’ll be by your side all the way making sure things go smoothly. By using this timeline of a Chapter 7 bankruptcy you can check these steps off one at a time. Before...
The Automatic Stay is one of the most powerful elements of a Chapter 7 bankruptcy. It’s important that you understand what this powerful provision will do for you. What Is The Automatic Stay? The Automatic Stay is an order issued by the...
The bankruptcy law of 2005 (BAPCPA) contained something called the “Means Test.” The means test is used to determine whether you qualify to file Chapter 7 bankruptcy. If you fail the Means Test, you may still file for bankruptcy protection under Chapter 13 bankruptcy....
Bankruptcy benefits society in so many ways. The purpose of bankruptcy is to provide the debtor with a fresh start in life. It cleans the slate and puts them back in the position of being in command of their finances. Unfortunately, many people fail to see that...
Here are three promises I make to all my clients. I Won’t Judge You I understand the stress and emotional fatigue that living with hopeless debt can bring to a person. You’ve already been through a lot. Bill collectors calling you nonstop … medical bills piling...
Yes. There is no requirement that both husband and wife must file bankruptcy together. If the bills that are causing financial difficulty belong to only one spouse, then it may make sense for just that spouse to file an individual bankruptcy case. However, if both...
Yes, your credit score can take a hit after filing bankruptcy. But be assured it’s possible to rebuild your credit after bankruptpcy with hard work and responsible spending. And with each positive mark on your report, your credit score begins to rise. Bankruptcy can...
People contact me every week about the subject of wage garnishment. Either their paycheck is already being garnished or it’s about to be garnished by a creditor to whom they owe money. They all want to know the same thing. Will filing bankruptcy stop a wage...
Can you keep your car if you file bankruptcy? That’s one of the very first question I usually get from a client. And usually the answer is yes. In order to keep your car in bankruptcy, you’ll need to be current on the car. And your budget must reflect that...
I can understand people not wanting to hire an attorney to file their bankruptcy. It’s relatively easy to search the internet and find legal self-help services that make filing for Chapter 7 bankruptcy seem like a slam dunk. Yet, according to a study done by the US...
There are many good reasons to choose Chapter 7 bankruptcy. The U.S. Bankruptcy Code offers several choices to a person who is struggling with debt. A Chapter 7 bankruptcy is the most common form and preferred option for most debtors. Here are seven reasons to choose...
