Bankruptcy Blog

A chapter 7 bankruptcy is not a plan it is a discharge of unsecured debts. Unsecured debts are credit cards, medical bills, broken apartment leases, cars that have been reposed, damage form a car accident in which you have no insurance unless you were drinking, over drawn checking accounts, some IRS debts, and a home […]

Debtors come in to file a Chapter 13 bankruptcy to save their possessions from being reposed. They feel that even though it is a hard decision to file, that they have no other choice. They hope that things will look brighter once they will file and get life back on track until […]

No one wants to file bankruptcy. They are afraid after filing they will lose their car and house or never be able to buy a car or house again. Some people think that even with a chapter 7 bankruptcy you have to still pay some of the credit cards back. Some people think because you […]

People come into our office to seek counsel when they have been served a lawsuit from one of their creditors. They seek advice on what they should do. In filing for a chapter 7 bankruptcy> will stop the proceedings that the creditor has started against you. Sometimes people wait too late when […]

Stopping the repossession of your car, will take the use of the Chapter 13 Bankruptcy. By filing the bankruptcy it will force the lender to accept a new payment plan spread out over the next five years. The lender does have the right to expect you to have full coverage insurance on the car. Depending […]

No one want to file a bankruptcy, But changes in our lives can force us into doing things we don’t want to. A divorce can be very hard on our credit. People who have never missed a payment on anything, now find themselves paying the bills on the last day or being late. Increase in […]

I recently had one debtor that was terrified about losing her house when she filed for her Chapter 7 bankruptcy. I explained to her that when she files for a Chapter 7 bankruptcy, her house is fully protected, whether we use the state exemptions or the federal exemptions. The difference between the two […]

When you come into our office and retain our services for a Chapter 7 bankruptcy, you are given some information or a packet to fill out and another appointment is scheduled for you to come into our office. The purpose of the packet for your bankruptcy attorney to find out, in an overview, what […]

Filing a Chapter 7 bankruptcy is a way of discharging unsecured debts. Unsecured debts are usually credit cards and medical bills. In some cases the car and homes become unsecured debts, if for what ever reason you can not afford them any more.
The bankruptcy laws changed back a couple years ago, but the chapter […]

Today we had a Chapter 13 debtor come in to sign their paperwork to have their Chapter 13 case filed. What is interesting about this case is that both Debtors receive income through the treasury from the railroad. The husband had worked for the railroad for a number of years and now they […]