When you fall behind on your mortgage payments and your lender is threatening foreclosure, you should contact us as soon as possible to discuss your debt relief options. A personal bankruptcy filing is typically an option you should strongly consider. In fact, many Chapter 7 and Chapter 13 cases are filed because homeowners are attempting...Read More
When you file a personal bankruptcy, you should be prepared to provide all of your financial records to your attorney. This includes copies of your tax returns – both state and federal. Your tax returns are important for the following reasons: Tax returns provide your lawyer with a significant amount of financial information all in...Read More
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
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 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 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
You may have heard that there is a lot of paperwork that is required to file for bankruptcy protection. The court requires all debtors to make complete financial disclosures in their pleadings. This means you must list all of your assets, debts, income and expenses. Your bankruptcy attorney at Faro & Crowder, PA, will assist...Read More
