Bankruptcy Blog Archives

I meet with many clients before they file bankruptcy. After I explain the basics of bankruptcy and discuss what would be best for them based on their situation, I ask if they have any questions. I often get the same response of “I don’t even know what to ask.” This is a common feeling and [...]

If you are considering filing for bankruptcy there are a few things you can do ahead of time to make the process easier on you. The first thing you can do is make sure that you have filed all the necessary tax returns. The only years it is acceptable to not file are years that [...]

When you run a small business and you decide to file for bankruptcy, you must provide some type of proof of the income you are receiving. To do this, you will be given a profit and loss statement to fill out. The form that is given to you is what the courts will accept and [...]

An interesting question appeared before me yesterday. A client asked about her husband’s probation fees. He is currently behind on them and they are going to be filing a Chapter 13 and wanted to know if they would be able to include those fees into their chapter 13 plan. That is a great question and [...]

Filing a bankruptcy is a decision made because of a major change in your financial situation. It is something that will allow you to discharge debts that you no long can afford to pay. After the filing of the bankruptcy and your income goes back to were it was then you can start rebuilding your [...]

A chapter 7 bankruptcy is use to discharge unsecured debts. You have to qualify to be able to file meaning not making too much money or having assets that are a issue. If you qualify it will discharge credit cards medical bills, cars that have been reposed, and even homes that have been foreclosed on. [...]

Most of us live close to pay check to pay check. Credit cards help because we can use them to day and pay something on it at the end of the month. We accept the balance is growing but know well the car will be paid off in a couple years and then we will [...]

When you first decide to file for bankruptcy, you have many questions in your head that you want to ask and are concerned with. Many people don’t understand what the difference is between a chapter 7 and a chapter 13. A quick break down between the two is that the chapter 7 is liquidation. What [...]

The most common question that I get when I take care of clients after a bring back is what to expect and what do now. In a chapter 7 process after a bring back process, the thing you have to do is continue to make your payments toward your attorney fees. When you get closer [...]

It is an interesting trend that I am seeing these days. I see that most of our clients that are coming in to file for one reason or another having a large amount of medical bills. There is no shame, you are filing for bankruptcy, whether a Chapter 7 or Chapter 13 and you need [...]