Bankruptcy Blog

The means test is a starting point to understand whether a person with consumer debt can file for a Chapter 7 bankruptcy or needs to file for a Chapter 13 bankruptcy. People who primarily have [...]

Without a cape and a wand, bankruptcy attorneys magically set people free from their debt, from their lenders and from a life of servitude into a life of financial stability where they can focus [...]

The following mistakes are common but easily avoidable with the right advice: Paying back a friend or relative prior to filing Buying a financed vehicle just before filing Withdrawing retirement [...]

Filing for bankruptcy may or may not be helpful depending on whether you have income from another source, you own assets you want to protect or you are simply receiving harassing phone calls from [...]

A bankruptcy discharge is a formal order by the Bankruptcy Court that the debtor is no longer responsible for paying certain types of debt. The most common debts that are discharged in bankruptcy [...]

If a lender asks you to reaffirm a debt, you will have to decide if it is the right choice for you. When you file for bankruptcy you have the right to surrender your collateral and have your debt [...]

On March 27, 2020, the Coronavirus Aid, Relief and Economic Security Act (CARES Act) was enacted. The CARES Act will have many implications for those who have already filed for bankruptcy and for [...]

Recently, the 2020 deadline for filing 2019 taxes was extended in reaction to COVID-19. The tax deadline is now July 15, 2020. While it’s nice to have some extra time to file, if a debtor is [...]

A Chapter 13 bankruptcy requires certain debts to be repaid over three to five years. Debts are assigned different classifications; e.g., priority claims, secured claims and unsecured claims. [...]

Timing is everything – in comedy, in music and yes, even in bankruptcy. In bankruptcy, when to file is a claim is as important as the filing itself. Factors to consider include: (1) whether [...]