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Bankruptcy Archives - LegalASAP

5 Myths About Bankruptcy You Should Ignore

Bankruptcy is a common occurrence, with over 400,000 bankruptcy filings in the United States in 2021. And as bankruptcy lawyers will tell you, this number was down 24% compared with the year before.  As common as bankruptcy is, it continues to carry a stigma for many Americans. It’s associated with many misconceptions that confuse the...

How Bankruptcy Lawyers Can Help Your COVID-19 Debt

There’s no question that the COVID-19 pandemic has changed the landscape for many when it comes to personal finances. Suppose you’ve lost your life savings or accumulated debt due to COVID-19 job loss and closures. In that case, bankruptcy lawyers may be your best bet for getting clear. The right legal representation can also help...

What Happens To My House If I Go Bankrupt?

Bankruptcy allows individuals who can’t pay their debts to find a manageable payment plan or eliminate some or all of their debts by liquidating their assets. Filing a bankruptcy claim can be complicated, however. What if you have a house? Does filing a claim in bankruptcy court mean you will lose your home? A simple...

Personal vs Corporate Bankruptcy

Financial troubles can happen to anyone. If you are drowning in debt, personal or corporate bankruptcy can help you get a fresh start.  This post will discuss the different types of bankruptcy available to businesses and individuals. We’ll also discuss how bankruptcy lawyers can help your bankruptcy claim. The Importance of Filing Bankruptcy  Bankruptcy is...

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