Bankruptcy Law

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

What Can You Safely Purchase Right Before or During a Bankruptcy?

Monday, January 25th, 2021

If you’re going through a bankruptcy, you may be under the false impression that any debt you incur will be wiped away. That’s not the case, especially if you’re filing Chapter 13 and reorganizing your debt. If you do decide to go on a spending spree either right before or during your bankruptcy, the court...  read more

Is There a Good and a Bad Time to File Bankruptcy?

Wednesday, December 23rd, 2020

If you have determined that bankruptcy is your best option, you may want to file as soon as you can. In some cases, that is definitely the right move. However, at other times, you may actually want to wait a little bit. Understanding what the best and worst times to file are can help you...  read more

Do I Still Pay All of My Bills During Bankruptcy?

Monday, November 16th, 2020

Declaring bankruptcy doesn’t immediately discharge your debts. In fact, bankruptcy court can take months or, in some cases, even a year or more to fully go through your finances and discharge debt. In the meantime, you still have bills piling up. However, the good news is that some of these bills fall under an automatic...  read more