Required Filings in a Chapter 7 Bankruptcy

Once you have decided to file for Chapter 7 bankruptcy protection, there are several different pleadings that must be prepared and filed with the court. The law requires all bankruptcy debtors to make full financial disclosures. In other words, you are required to list all of your property, debts, income and expenses. One of your […]

Can I Use My Credit Cards After Bankruptcy?

Reestablishing their good credit score is a top priority for most debtors. One way to do just that is by paying your current obligations on time: your mortgage, your car note and any other secured debts that you may have. Responsible use of credit cards is another good way to raise your credit score. Before […]

Your Bankruptcy Roadmap

The Chapter 13 plan essentially puts you on an allowance for a period of time, to help you catch up on your bills, start rebuilding your credit score and get on with your life free of creditor harassment. The Plan A Chapter 13 bankruptcy is sometimes referred to as the “wage-earner plan” or “repayment plan […]

Too Much Debt

Many Americans simply have more debt than they can afford to repay. A chapter 7, or liquidation bankruptcy is an option to clean up your debt. Despite what you hear, it is rarely due to irresponsibility.  No one sets out to accumulate $7,000 in credit card debt, but a temporary job loss, sudden illness or […]

Is It Time for You to File Bankruptcy?

When you file bankruptcy it can help you obtain a fresh financial start. However, it can be difficult to know when the best time to file your case is. There is no magic formula for pin-pointing the best time to file a Chapter 7 or Chapter 13, but there are many warning signs that a […]

Can I file Bankruptcy if I am Unemployed?

Filing Bankruptcy While Unemployed If you have recently lost your job or you have been unemployed for a while, you are probably  delinquent on your bills and debt collectors are harassing you. If you have considered filing for bankruptcy protection but you are concerned that you won’t qualify if you don’t have a job, it […]

Are Payday Loans Dischargeable in a Chapter 7?

Payday loans are generally dischargeable without any arguments in a Chapter 7 Bankruptcy, because these loans are unsecured debts. There are, however, a few special cases. Fraud If you borrowed money within 90 days prior to filing bankruptcy, there is a presumption of bankruptcy fraud. Simply stated, the law presumes that you never intended to […]

Small Business and Bankruptcy

If you are the owner of a small business, your personal finances are probably closely linked with your business. Most small business owners invest a large amount of their time and money in trying to ensure their entity is successful. However, when the business faces financial struggles, it means the business owner is likely to […]

Filing Bankruptcy Can Help with “Emergencies”

A financial emergency may occur due to a sudden job loss or overwhelming medical bills.  When you are struggling to pay your bills and considering filing bankruptcy, it is important to understand which type of filing is best for you. In this blog, we’ll take a look at Chapter 7, Chapter 13 and breakdown how […]

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