Category Archives: Bankruptcy Information

Filing for Chapter 7 and Chapter 13 can be a complex process, especially without legal counsel and guidance from an experienced bankruptcy attorney. One necessary hoop that you need to jump through before concluding your bankruptcy case is the 341 meeting of creditors. If you have never filed for bankruptcy before, the possibility of meeting

The tax refund on the income you earned prior to filing bankruptcy is part of your bankruptcy estate. For example, let’s say you filed for bankruptcy in February 2022. When you receive your tax refund that May, it’s for 2021, so that refund is part of the estate. Your bankruptcy trustee will ask you questions regarding your tax return at your 341 meeting of creditors.

When your debts are mounting, filing for bankruptcy can provide some relief from creditors. One of the most important protections provided under U.S. bankruptcy law is an automatic stay. While an automatic stay limits what creditors can do, including halting foreclosure and preventing utilities from shutting off services for a time, there are limits to the protections provided by an automatic stay.

You may have heard of statute of limitations in reference to civil lawsuits like personal injury lawsuits. But not many people realize that there is a statute of limitations on debt as well, and it varies depending on the state and the type of debt owed. The statute of limitations on debt is basically a set time period that a debt collector has to pursue debt collection through wage garnishment, garnishment of a bank account, a property levy, or even a lawsuit.

Paying rent is, unfortunately, a part of life. Finding apartments that accept bankruptcies can be difficult, especially as you’re trying to rebuild your credit. This task is not impossible, but it may feel that way at times.

If you’re drowning in credit card debt, debt from medical bills, or if you have any other unsecured debts, then filing bankruptcy can help relieve some of the stress. However, if you’re also living on a fixed income that’s funded from Social Security benefits, you may be thinking about Chapter 7 and social security income.

Bankruptcy can be a reset button for many families, but the process isn’t as easy as pressing a button. Bankruptcy courts have strict rules and regulations that you have to follow when it comes to filing for bankruptcy. Following these rules can mean the bankruptcy court grants a discharge. If these rules are violated, the case can end in a dismissal. Bankruptcy terminology can be very confusing, especially for first-time filers or people exploring their options.

Financial management is a life skill that can’t be overstated. Poor financial management mixed with unexpected tragedies can leave you with a mountain of debt that keeps piling up. In this blog, we’ll talk about some common mistakes that can lead to bankruptcy and how to avoid them. We’ll also talk about how filing for bankruptcy isn’t always a bad idea.

Maybe you just wrapped up a bankruptcy case and your bankruptcy discharge isn’t what you hoped it would be or you didn’t receive a discharge at all. You may be wondering: how often can you file bankruptcy? Can you even file for bankruptcy more than once?

Not only is divorce painful emotionally, but it’s also painful financially too. It’s a challenge to pay the divorce attorneys while also learning to survive on only one income for possibly the first time in years. As a result, you may also struggle to keep your home, keep your car, put food on the table, and keep up with your spousal maintenance and child support payments. All of this financial strain can certainly lead to crippling debt.