Bankruptcy Law

Can Bankruptcy Filings Remain Private

Wednesday, December 15th, 2021

When you decide that bankruptcy is the only option to get out of debt, it can provide you with a great sense of financial freedom. When you feel overwhelmed by the sheer amount of debt, bankruptcy may be the answer you are looking for. Today, bankruptcy is not seen as a bad thing as it...  read more

List Of Debts Not Cleared By Bankruptcy

Tuesday, November 30th, 2021

Bankruptcy might not be your preferred solution, but it can be the saving grace you need to have a fresh start. Here's why? Bankruptcy offers you the ability to discharge your debt. This means that your debtor will no longer be able to take action against you if you file for bankruptcy. Think about it,...  read more

Salient features of Chapter 7 Bankruptcy

Wednesday, October 27th, 2021

What is chapter 7 bankruptcy? Chapter 7 is the bankruptcy which is different from 11 and 13, and people prefer filing it because it is much quicker, and no filer is required to pay any of their debt back. So who can file, then? What forms will you need? And what is the overall process...  read more

Will My Business Bankruptcy Affect My Personal Finances?

Sunday, August 15th, 2021

Business bankruptcy, just like personal bankruptcy, is a tool that can help you get a handle on your business expenses and debt. It can save your business if you use it correctly. However, many business owners are hesitant to do so because they are concerned that it will affect their personal finances. Does it? That...  read more

Has the COVID-19 Pandemic Changed Bankruptcy?

Thursday, July 15th, 2021

The COVID-19 global pandemic has affected many areas of life, including bankruptcies. If you’re considering bankruptcy, understanding how the pandemic has affected the process may help you determine if it’s the right move for you. Because most of these changes are temporary, you may decide you need to file now in order to take advantage...  read more

Can You File Bankruptcy While Unemployed?

Thursday, June 24th, 2021

One of the most common questions people ask is if they can file for bankruptcy if they have lost their jobs. Without a steady income, it’s easy to quickly fall behind on financial obligations and find bankruptcy as your only choice. Fortunately, yes, many people do declare bankruptcy while they are unemployed. There are a...  read more

Is Bankruptcy Different if You’re Self-Employed?

Saturday, May 15th, 2021

Being self-employed has many benefits. You get to set your own hours, decide what clients you take on, and much more. You’re the boss, and at the end of the day, all decisions are yours. However, there are some downsides to self-employment. If you’ve ever tried to apply for a mortgage, for example, you know...  read more

Medical Debt and Bankruptcy

Tuesday, April 27th, 2021

For many people, the cost of unexpected medical procedures can quickly wipe out any savings and leave them facing an unsurmountable mountain of debt. Medical debt is one of the reasons why people often consider bankruptcy, especially when hospitals and other medical facilities are threatening to send them to collections. How useful is bankruptcy for...  read more

Is Bankruptcy the Right Move During the Pandemic?

Monday, March 15th, 2021

Over the past year, the COVID-19 global pandemic has affected billions of people around the world. Many of these people have lost their jobs and have faced being evicted or having their home foreclosed upon. This has led many people to wonder if it’s time to declare bankruptcy. However, before you do, there are a...  read more

What Are the Consequences of Bankruptcy Fraud?

Friday, February 26th, 2021

If you accidentally make a mistake on your bankruptcy forms or forgot an asset, it may delay your case, but it won’t send you to jail or get you fined. However, if you intentionally leave out assets or other information that impacts your case, you can be found guilty of bankruptcy fraud. This is a...  read more