If you are considering filing for bankruptcy protection and you receive Social Security benefits, you are probably wondering how your benefits will be impacted. Social Security Benefits In short, the law protects your Social Security benefits and you will not lose them in your Chapter 7 or Chapter 13 case. However, your benefits can have...Read More

Bankruptcy law requires all debtors to fully disclose all of their assets, debts, income and expenses. You must also file a list of all of your creditors, including any family members or friends that have borrowed money from you. It is crucial to list all of the parties that you owe money to in your...Read More

  You are probably aware that the primary downside to filing for bankruptcy protection is that it negatively impacts your credit score. However, how long your bankruptcy remains on your credit report depends on whether you file a Chapter 7 or Chapter 13 case. Chapter 7 When you file a Chapter 7, the bankruptcy notation...Read More

If you are considering filing a Chapter 13 bankruptcy, you will need to submit a plan of repayment for the court to approve. The Chapter 13 plan outlines how your creditors will be paid over a period of three to five years. Once the court has confirmed or approved your plan, you will make monthly...Read More

If you are facing collection lawsuits, filing a Chapter 7 or Chapter 13 bankruptcy can be an effective way to halt the lawsuit from proceeding. However, there are certain types of lawsuits that are not halted by a personal bankruptcy filing. Generally speaking, a suit that is seeking the recovery of money is stopped when...Read More

The drafters of the bankruptcy laws were wise enough to realize that humans make mistakes. As a result, if you realize after your discharge order has been entered that an error was made in your bankruptcy case, it may be possible to reopen your case to fix the mistake. It should be noted that it...Read More

When you file a bankruptcy case, you obtain the benefit of the automatic stay. If you file a Chapter 13 bankruptcy, you are also given the “co-debtor stay.” The automatic stay prevents creditors from taking collection actions against you, while the co-debtor stay prevents collection against your family, friends or others who co-signed loans with...Read More

When you file for bankruptcy protection, your primary goal is typically to discharge or eliminate your debt. However, it is important to understand that there are certain types of debt that the law excludes from being discharged. Pursuant to 11 U.S.C. §523(a)(9), one type of debt that is not eligible for discharge is one arising...Read More

If you are past due on your mortgage payments and you want to avoid a foreclosure action, you may want to consider filing a Chapter 7 or Chapter 13 bankruptcy. Another option to consider is a short sale. Either choice has its advantages, but deciding which is more beneficial for you depends on your unique...Read More

  If you are like most people who are planning to file for bankruptcy protection, you are already worried about how you can rebuild your credit after your case is over. While a bankruptcy filing will negatively impact your credit score, with time and hard work, you likely will restore your score sooner than you...Read More