Bankruptcy Blog Archives

Many of you who are facing bankruptcy for the first time might ask the question, “Can you get unpaid child or spousal support discharged in a bankruptcy?” The immediate answer to the question is that any unpaid support payments you have been rendered by a court of law to pay, like child support or alimony, [...]

Many people facing bankruptcy for the first time have a lot of questions about bankruptcy, especially when they are filing without legal assistance. Others do not know enough to ask their bankruptcy lawyers the questions they might should be asking them. One common question asked is “Can you pay your family doctor even though you [...]

Some people have the misinformed opinion that married couples must always file for bankruptcy protection together. There can really be nothing further from the truth. Whereas spouses may choose to file a joint bankruptcy case together, they are not required to file together by bankruptcy laws. There are two types of bankruptcies most individuals can [...]

Data from the National Bankruptcy Research Center (NBRC) indicates filings for bankruptcy protection nationwide have declined for the eighth straight month. In August 2011, there were 113,432 filings compared to 127,028 recorded for August 2010. The filings for all of 2011 are expected to be much less than the 1.5 millions filings in 2010. One [...]

Foreclosure is a legal process where the mortgage provider, who has a lien on your property, can end your ownership rights. A foreclosure on property cannot legally begin until there is a violation of the mortgage contract by the debtor.  Violations which can initiate a foreclosure include defaults in mortgage payments, fraud in filling out a loan application, and filing [...]

There are a lot of misconceptions about filing for bankruptcy. One of the most common: bankruptcy will eliminate all of your debts. So, will bankruptcy wipe out all your debts? No, bankruptcy will not wipe out all your debts. Unsecured debts that are non-exempt can be completely wiped out in a bankruptcy discharge. Secured debts [...]

In 2005, Congress passed the Bankruptcy Abuse Prevention and Consumer Protection Act to control the perceived abuses caused by serial filers. As part of those changes, an individual is limited by law on when they can file, but not on how many times they can file. Most individuals can file either Chapter 7 or Chapter 13 Bankruptcy. Chapter [...]

Bankruptcy law has evolved into a volume business for most attorneys which specialize in the bankruptcy field. Bankruptcy firms handle many cases, and the average person can afford to hire a bankruptcy lawyer. In most cases, the average debtor who files bankruptcy works exclusively with paralegals and assistants and sees the lawyer only during court appearances. [...]

How do you know if you should file personal bankruptcy? Sometimes, you do not have a choice. Creditors can file an involuntary bankruptcy on a debtor. Although slightly more common than it use to be, involuntary bankruptcies are rare. Involuntary bankruptcy occurs when a creditor legally forces bankruptcy proceedings onto a debtor. The normal response [...]

Filing for bankruptcy has carried a stigma in the United States for a long time. Just recently, with the current economy and so many filing for bankruptcy, has the stigma softened up in our society so that many realize today that filing for bankruptcy protection does not necessarily mean you are a deadbeat or someone [...]