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

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

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

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

When you file a Chapter 13 case, you submit a repayment plan that lasts three to five years. A lot can happen during this time that impacts your finances. What can you do if unforeseen financial issues prevent you from being able to afford your monthly Chapter 13 plan payments? One option to consider is...Read More