It would seem that most people who are filing a Chapter 13 bankruptcy would be doing so in order to save their home. However, in some cases, it may be advantageous for the debtor to surrender his or her home through the Chapter 13 bankruptcy. When you are dealing with ... Read More
Most people assume that filing a bankruptcy case will not help them with their student loan problems. However, a bankruptcy can help when you are facing overwhelming student loan debt in several ways. While student loans are not typically dischargeable through a bankruptcy filing, there are limited cases where you ... Read More
Bankruptcy and divorce often follow one another closely as both spouses are trying to move from having joint income and expenses to supporting two separate households. Complex divorces can easily cost thousands of dollars making it more difficult to pay other bills. Spouses will often fall behind on other obligations ... Read More
If you are struggling with the overwhelming burden of debt, you are probably a good candidate for bankruptcy protection. Many people live in fear of answering their telephone or checking their mailbox because debt collectors are harassing them to pay bills that they just cannot pay. Some creditors will use ... Read More
If you ask most people who file bankruptcy, they will tell you that it was the most difficult decision that they probably have ever made but that it was also the best decision too. No one works toward a goal of filing bankruptcy; however, many need the relief from overwhelming ... Read More
Unfortunately, there are many myths surrounding bankruptcy. Some myths may have been born out of truth but have been twisted to the point where they are intended to frighten debtors away from filing rather than provide valid, truthful information about bankruptcy. Some myths cause more harm than others do; however, ... Read More
A question many clients ask is how to value their home when they are filling out their paperwork for our office. To be honest, that question comes much later in the conversation, as most people are more worried about keeping their home or stopping a foreclosure sale than trying to ... Read More
Some clients fear that they will never be able to obtain credit or repair their credit after bankruptcy. This is a common bankruptcy myth used by creditors to deter individuals from seeking the help they need through the bankruptcy court. While filing a bankruptcy case will cause an initial drop ... Read More
When you file a bankruptcy case, regardless of what chapter you are filing, you must list each of your debts in your bankruptcy case. Some debts may be treated differently depending on the type of debt but all debts must be listed. Some clients become anxious when they are informed ... Read More