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Recent Posts in Bankruptcy Category

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The Top Reasons to Hire a Bankruptcy Lawyer

Filing for bankruptcy can be an extremely stressful and overwhelming process for you and your family. However, when done right, filing for bankruptcy can be a way for you to start over. Yet, it is ...
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How Bankruptcy Can Help Foreclosure

When you are facing foreclosure, it is never easy, but while there are several alternatives, if you have other debts then filing for bankruptcy may be able to help you avoid foreclosure. Typically ...
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Dealing With Bankruptcy in Probate

Dealing With Bankruptcy in Probate There are many people who worry about their finances. One of the biggest fears for many people is leaving a financial mess behind after they are gone. With the ...
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Bankruptcy and Medical Debt

California residents might like to know about a startup called Better. The organization wants to provide medical debt assistance to those struggling with out-of-network medical bills. The company ...
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5 Tips for Paying Off Your Student Loans

Struggling with student debt? Student loan debts are best dealt with earlier rather than later. Here are a few tips for helping you pay off your student loans. Set Aside Money Set aside a set portion ...
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Can Student Loans Be Discharged With Bankruptcy?

For college graduates, their student loans will be their greatest burden. For many, they will get a job right out of college and begin the long, slow grind of paying them off. However, life ...
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Student Loan Debts and Chapter 7 Bankruptcy

According to CNBC, there are “ 44 million Americans ” with student loan debt. If you find yourself falling into this category you are clearly not alone. It’s likely that if ...
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What Happens to Wage Garnishments After Bankruptcy?

For those who have looked into it, they know that wage garnishments set in place by their creditors can be removed when they file bankruptcy. At very least, once the automatic stay goes into place, ...
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Filing For Bankruptcy: Regain Control Of Your Life

Does the very thought of filing for bankruptcy make you feel embarrassed? Are you ashamed of how things have turned out for you? There are always a variety of emotions that get in the way of someone ...
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Why Filing Bankruptcy Does Not Make You A Bad Person

Society has a tendency to blame the victim, and this has caused a lot of misconceptions about people who have to file bankruptcy. Despite the common belief that those who file bankruptcy are ...
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Are You Being Crushed By Student Loan Debt?

What happens when you don't pay off your student loans If you choose not to make payments on your student loans, your ignored debt will be labeled "delinquent" in which case you will ...
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Prepare for Your First Estate Planning Meeting

Deciding to file for bankruptcy is a huge decision, and you should not have to make it alone. If you find yourself in a large amount of debt that you do not think you can overcome with your current ...
Continue reading "Prepare for Your First Estate Planning Meeting" »

When Can Bankruptcy Be Applied To Student Loan Debt?

Most people will tell you that student loans cannot be discharged in a bankruptcy proceeding. While that's true in most cases, it isn't true in all cases. However, the circumstances required ...
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Be Careful Not to Overspend on Gifts This Holiday Season

You probably love the holiday season because it is a clear opportunity to give to others and show how much they mean to you. The end of the year is also a popular time to treat yourself to things ...
Continue reading "Be Careful Not to Overspend on Gifts This Holiday Season" »

Bankruptcy: When is a Discharge Issued?

Bankruptcy has long-term financial consequences for those who elect to file. Typically, people file bankruptcy when their finances have overwhelmed them; a divorce, health scare or job loss may create ...
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Bankruptcy Creditors Can Reach Inherited IRA

On June 12, 2014, the Supreme Court unexpectedly provided yet one more reason why you should designate a trust as beneficiary of your IRA rather than simply designating one or more individuals as ...
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Understanding Bankruptcy Proofs Of Claim: Creditors Need To Do More than Simply File A Proof Of Claim

When you’ve made the decision to file for bankruptcy protection, you must provide your attorney with a complete list of your creditors. The forms that are filed with the bankruptcy court will ...
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Despite Conventional Wisdom, Some Taxes Are Dischargeable In Bankruptcy

Conventional wisdom is that taxes are not dischargeable in bankruptcy. However, depending on the type of taxes and when those taxes were originally due, conventional wisdom can be very, very wrong. ...
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Will Student Loan Debts Be Subject to Bankruptcy in the Future?

The last few months, the White House has been in talks regarding whether or not Americans should have the right to discharge student loans via bankruptcy. With bankruptcy and student loan debt the ...
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Protect Yourself From Bankruptcy Scams that Prey on the Vulnerable

For far too many people, the idea of filing for bankruptcy carries with it a deep sense of shame and personal failing that will cause them to be willing to do just about anything to avoid filing ...
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Supreme Court Ruling That Inherited IRA's Are Available To Creditors In Bankruptcy May Cause You to Rethink Inheritable Assets

A 2014 ruling by the US Supreme Court should give serious pause to anyone considering using inheritable IRAs as a multi-generational wealth protection strategy. While Individual Retirement Funds were ...
Continue reading "Supreme Court Ruling That Inherited IRA's Are Available To Creditors In Bankruptcy May Cause You to Rethink Inheritable Assets" »

Bankruptcy Priority Payouts Explained: Priority, Secured, Unsecured Debts Are Not Equal

A key part in understanding how bankruptcy works is learning the differences between the three types of debt – secured, unsecured, and priority claims – and how each is treated under the ...
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Credit Card Company Writing Off Debt Does Not Relive Debtor of Liability: Your Debt is Still Your Responsibility

If you are contemplating bankruptcy and have been notified by a credit card company that your debt has been written off, it is far from a reason to celebrate. In fact, it may be more reason than ever ...
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Bankruptcy Objections To Discharge: Credibility Is Key to Avoid Costly Challenges to Discharge

A key component to Chapter 7 bankruptcy, also known as a liquidation bankruptcy, is the discharge of debts that the creditor is unable to pay. In its most basic form, a Chapter 7 bankruptcy is one in ...
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What Personal Assets Are Protected in A Personal (Chapter 7 or Chapter 13) Bankruptcy?

Individuals who are evaluating whether the filing of a Chapter 7 bankruptcy would be appropriate have a lot to consider including the type of debt (e.g., credit card, mortgage, etc.) they have and the ...
Continue reading "What Personal Assets Are Protected in A Personal (Chapter 7 or Chapter 13) Bankruptcy?" »
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