Recent Blog Posts
Are There Limits on Tax Collection During Your Bankruptcy Proceeding?
As we’ve discussed in prior entries on the blog, when you file for bankruptcy, you will be protected by an automatic stay of collection of your consumer debts. While your case is ongoing, credit card and medical debt holders are not able to contact you about the debts they claim you owe, try to collect… Read More »
Wage Garnishment: How Does It Work?
You may have been threatened by collections agencies in the past that, if you don’t pay what you owe immediately, they’ll begin to take money straight out of your paycheck. While it is conceivable that your wages could be garnished with funds going to a creditor, this isn’t the whole story on how wages are… Read More »
The Automatic Stay, Explained
One of the most valuable protections afforded to a debtor filing for bankruptcy is the temporary protection from any collection actions known as the automatic stay. Read on to learn more about how the automatic stay functions and what the stay can and cannot do to protect you from financial harm. Automatic stay basics As… Read More »
The Credit Counseling Requirement Prior to Filing Bankruptcy
Filing for bankruptcy can be an excellent way to help you get a fresh start if you’re facing a serious amount of debt. That said, it’s a serious decision that comes with certain consequences, and it’s important to understand the risks and alternatives before you file. In order to ensure that bankruptcy petitioners understand these… Read More »
Protecting Home Equity with Chapter 13
If you’re struggling to keep up with mounting consumer debt but own your home, you may be interested in filing for bankruptcy, but concerned about what might happen to your home if you do. There are ways that bankruptcy can protect the equity in your home which you spent years building. Read on to learn… Read More »
Secured versus Unsecured Debt In A Bankruptcy
If you are facing an increasing amount of personal debt, you may have begun reading about the process of filing for bankruptcy, and how the court will handle the different types of debt that you owe. Along the way, you’ve likely encountered the terms “secured” and “unsecured” in reference to different forms of debt, and… Read More »
Bankruptcy Courts Update Dollar Amounts for the Means Test & Calculation of Disposable Income for Chapter 7 or Chapter 13 Bankruptcy
The means test is an examination of your monthly income and expenses, which determines how much money or disposable income (if any) you might have after meeting your monthly living expenses to apply toward your debt. The means test figures prominently in both Chapter 7 and Chapter 13 bankruptcy petitions. For Chapter 7, if your… Read More »
Can I File For Bankruptcy Without A Lawyer?
For the typical consumer or business that is thinking about filing for bankruptcy protection, money is usually tight and funds are limited. This may cause you to think that you cannot afford to hire a lawyer to help you with your bankruptcy. After all, it’s just a matter of filling out some forms, right? Actually,… Read More »
Is Discharging Student Debt through Bankruptcy Truly Impossible?
After graduating from a university, obtaining a graduate degree, or completing a professional program, you may have expected that any debt that you took on in the form of student loans would end up paying off in the form of higher earning potential. As numerous recent news stories have shown, this is not always the… Read More »
How to Decide on a Bankruptcy Attorney
After struggling to pay your debts, you’re ready to consider bankruptcy. Filing for bankruptcy is a very emotional and last resort for you or for your business. It is a complicated process, and you may stressed and feeling overwhelmed when you begin the process. That is why it is important to choose the right bankruptcy… Read More »