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

If you are planning to file for bankruptcy protection, you may be worried about what will happen to your home. Bankruptcy law provides a debtor with numerous exemptions which safeguard assets from being included in the bankruptcy estate. Additionally, many debtors do not realize that their real estate can be positively affected by your filing....Read More

When you are facing financial struggles, it is natural to want to save money in any way you can. As a result, many people consider representing themselves in a personal bankruptcy filing. However, this can be a daunting task for somebody who does not know the law or courtroom procedure. The other options are to...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

Many clients who come to us for assistance with filing a bankruptcy case ask if they can still short sale their home after their Chapter 7 is over. The answer is typically “yes,” but the better question is whether it is a good idea to do so. The first step is to understand how the...Read More

One of the primary concerns people have when they file a Chapter 7 or Chapter 13 is how their filing will affect their credit score. The truth, however, is that in most cases your credit score is already damaged by past due payments and defaulted loans. Thus, when you file for bankruptcy, the negative impact...Read More