Bankruptcy

If your financial situation has become dire, then you may be facing eviction. This is a very stressful event, so you are understandably looking for a way to stay in your apartment. To stop eviction, you may wonder what your legal options are, if any. It is a good idea to educate yourself now about...

When someone reaches the point of filing for bankruptcy, finances are obviously an issue. As a result, hiring a lawyer to help with a bankruptcy claim may seem like one more unreachable expense. In other words, if you can’t afford your house or car payments, how are you supposed to finance representation? On that note,...

When you find yourself in a difficult financial situation, you may consider various debt-relief solutions. Before you file for bankruptcy, it’s important to consider certain matters and avoid some common pitfalls.  This blog will cover key reasons your bankruptcy application may get denied, and how a bankruptcy lawyer can help you navigate the complex application/appeal...

Filing for bankruptcy can help get your finances in shape. But choosing the right chapter and navigating complex legal matters can be challenging to navigate alone. This post will cover chapter 13 bankruptcy—what it is, how it works, and how a bankruptcy lawyer can guide you along the way. Chapter 7 versus chapter 13 bankruptcy...

Filing for bankruptcy can help families with overwhelming financial burdens reset their finances. And, yes, that means discharging a significant amount of debt. However, it’s important to know what debts can and can’t be discharged so families can set realistic expectations during the process. This post will highlight what debts you can or can’t remove...

Student loan forgiveness is a hot-button topic in the United States right now. President Joe Biden has been criticized for his take on this topic, while Senator Elizabeth Warren has been an advocate of allowing for student loan forgiveness.  Contrary to popular belief, student loans can be discharged if a person files for bankruptcy, but...

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...

The COVID-19 pandemic saw a wave of large businesses file for bankruptcy. Common household names like Greyhound and J.Crew had bankruptcy lawyers working overtime. Still, it was small business owners that suffered the most. For many ma-and-pa businesses, filing for bankruptcy was the only way to reset and get a fresh start.  This post will...

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...

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? If your...

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...

In marriage, many couples share a life that often includes their finances. But if one partner has a large amount of debt, their spouse is not automatically responsible for paying that debt. In fact, there may be circumstances where it makes sense for only one spouse to file for bankruptcy rather than file jointly as...

In the United States, there are various “chapters” of bankruptcy. Each having its own implications makes it vital for those filing for bankruptcy to understand them, and how that influences the legal representation they will seek. This post will look at different bankruptcy chapters and how bankruptcy lawyers can help.  Chapter 7 Bankruptcy Chapter 7...

Are you drowning in debt? Being financially overwhelmed is no fun. In fact, according to a recent CreditWise study, 73% of Americans report finances as their number one cause of stress. But is declaring bankruptcy a way out? The short answer is, maybe. There are two types of individual bankruptcies that individuals may consider: Chapter...

Medical bills are the leading cause of bankruptcy in the U.S., causing more than two-thirds of all bankruptcies. The potential for medical bankruptcy is a growing cause of stress and worry for many families. U.S. Census Bureau data shows that almost one-fifth of American households carried medical debt, “defined as medical costs people were unable...

Used car salesmen get a bad rap, but that doesn’t mean you can avoid purchasing another vehicle your whole life. After all, used car salesmen provide a useful service when you need something to drive at a lower price point. The same thing’s true for debt relief services. If you’re in over your head financially,...

Financial matters are not laughing matters. When you’ve reached the point where it appears filing for bankruptcy is your only option, things probably feel quite hopeless. That’s why it’s prudent to enter the process as prepared as possible, since emotions will also be in the mix. Arriving at your consultation with as much of your...

Bankruptcy. From the first time you heard someone say it, you’ve known that word carried some social stigma. In Monopoly, players who go bankrupt are out of the game — “do not pass Go, do not collect $200,” etc. Fortunately, real life isn’t a board game. In life, bankruptcy isn’t nearly as bad (or even...

Filing for bankruptcy is a serious decision. And while people can do it without bankruptcy attorneys, doing it yourself is not always the best — or most affordable — option. 4 Reasons Why You Might Need a Bankruptcy Lawyer You may be thinking about a DIY case (called a pro se filing). Before you make...

Did we tell you that you didn’t qualify after filling out a free, no-obligation bankruptcy evaluation? It’s frustrating to hear this and not understand the exact reasons why you may not qualify. Check the list below to see which answer you gave us during your bankruptcy evaluation is the most likely culprit. #1: Your Monthly...