Category: Bankruptcy Filing

Student Loan discharge

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| Bankruptcy Filing

Student loans might be discharged through bankruptcy.

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What Does It Mean To Reaffirm A Debt?

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| Bankruptcy Filing

If you file a Chapter 7 and you have a secured debt, often times a car note or a mortgage, you will be asked by the creditor to reaffirm that debt. What does that mean?  When a Chapter 7 debtor reaffirms a debt they agree to continue paying that obligation even after their bankruptcy case […]

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Following Through On Your Bankruptcy

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| Bankruptcy Filing

The decision to file or not to file a bankruptcy can be stressful and overwhelming.  Many attorneys offer free consultations to get to know the prospective client’s situation to better be able to counsel them in making a proper, informative decision.  If you and your attorney decide that a bankruptcy is beneficial to you and […]

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What Is An Insider Payment?

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| Bankruptcy Filing

I Owe My Family Money.  Should I Pay Them Back Now?  When you file a Chapter 7 bankruptcy, or even a Chapter 13, your attorney might ask you if you have paid any friends or family members any money in the last 12 months?  I ask this question to every single client I meet with […]

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Pros and Cons of Corporate Bankruptcy

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| Bankruptcy Filing

Should I file a Corporate Chapter 7 Bankruptcy?  If you own a business and that business is struggling, bankruptcy might be a consideration for your business.   This article will address filing a Chapter 7 for your business, which essentially means dissolving the business.  If you file a Chapter 7 bankruptcy for your LLC or S-Corporation, […]

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What Happens To My Tax Refund

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| Bankruptcy Filing

            It is getting towards the time of the year when people start thinking about how much money they might receive for their tax refunds early next year.  If a potential debtor is thinking about this, then a Chapter 7 or Chapter 13 Trustee will also likely be thinking about it.  […]

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What Does It Mean To Get A Discharge?

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| Bankruptcy Filing

           If you have spoken to anyone before about bankruptcy, they probably told you that they received a “discharge” of their debts.  I have noticed when I am meeting with clients for the first time and I let them know they are eligible for a discharge, often I get a look […]

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Who Can Be Listed As a Dependent?

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| Bankruptcy Filing

A dependent is defined as “someone who relies on another for support; one not able to exist or sustain oneself without the power or aid of someone else.”  This definition matters quite a bit if you are considering filing for bankruptcy.  Times have been rather tough for some Americans as the economy has hit a […]

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Should I Convert My Bankruptcy Case?

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| Bankruptcy Filing

This question may not initially be on the mind of a prospective client when they come into your office, but the situation does come up from time to time when it is in the best interest of the client who originally started their bankruptcy as a Chapter 13 to convert that case to a Chapter […]

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Which Option Is Best For Me…Chapter 7 or Chapter 13?

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| Automatic Stay, Bankruptcy, Bankruptcy discharge, Bankruptcy Filing, bankruptcy planning, Chapter 13 Bankruptcy, Chapter 7 Bankruptcy, Discharge of Debt, Foreclosure, Refiling for Bankruptcy

It is my job to know whether a Chapter 7 or a Chapter 13 is the better option for my clients.  The questions that I ask at the initial consultation asked to make this determination.  Most clients want to file a Chapter 7, but that is not always the best option for them.  Each case […]

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