It is difficult to file bankruptcy with no money. Your attorney will charge you a retainer fee and then there is a court filing fee. In a strange way it’s ironic, but bankruptcy can seem like a very expensive undertaking when you have no money. Bankruptcy with no money can seem impossible. Are you wondering… Continue reading Bankruptcy with no money
Category: Bankruptcy
What you should ask
Here are the Top 10 Questions we think what you should ask (and the lawyer should be prepared to answer) during your first consultation: 1. Should I file for bankruptcy? This question will most likely provide you with a lot of answers. The lawyer should explain that there are five different types of bankruptcy. Most… Continue reading What you should ask
Why does bankruptcy happen
Why does bankruptcy happen? Bankruptcy occurs when you are insolvent and can’t afford to pay off your debts. It is also the process of seeking legal advice from an attorney and from getting legal relief from your debts, and protection from your creditors. It can be the result of a lot of credit card debt,… Continue reading Why does bankruptcy happen
What Bankruptcy Can Do
Q. What bankruptcy can do for me? In a Chapter 7 bankruptcy will cover debts like medical bills, credit card charges, personal loans, (in very rare circumstances) student loans, business debts, auto accident claims, attorney fees, money owed over lease agreements, utility bills. In a Chapter 13 case the most common types of debts that… Continue reading What Bankruptcy Can Do
8 Interesting Things to Know About Filing Bankruptcy
Eight Interesting Things to Know About Filing Bankruptcy. The following are interesting things to know about filing bankruptcy. The decision to file bankruptcy can be tough so here are eight things you need to consider or know about before you make that decision: 1. Deadlines. Deadlines are critical in bankruptcy court. The rules in bankruptcy… Continue reading 8 Interesting Things to Know About Filing Bankruptcy
What happens on your credit report when you file bankruptcy
One common question I hear is what happens on your credit report when you file bankruptcy ? The first thing you need to realize is bankruptcy filings are a public record. The fact you filed for bankruptcy can legally be listed on your credit reports. As long as it is listed on your report your… Continue reading What happens on your credit report when you file bankruptcy
Secured versus unsecured creditors
TYPES OF CREDITORS To understand bankruptcy, credit and debt it helps if you understand the different types of parties involved in the process. So lets focus in this posing on creditors. It is also important to understand the different types of debt in a bankruptcy. So lets focus on Secured versus Unsecured Creditors. SECURED CREDITORS… Continue reading Secured versus unsecured creditors
The automatic stay
When a bankruptcy case is filed there is something created immediately upon the filing of the case called the automatic stay. The automatic stay is a very broad court injunction against the continuing of any action by creditors, collection agencies, and government entities against the debtor or the debtor’s property. Under 11 U.S.C. §362 is… Continue reading The automatic stay
Is bankruptcy like welfare
While welfare and bankruptcy are both used by people with financial struggles they serve very different purposes. Welfare is provided by state or federal governments for eligible citizens and residents who lack sufficient means to support their own basic needs. Think of it as a small boost of income. (Government gets its funds from taxpayers,… Continue reading Is bankruptcy like welfare
When bankruptcy is not an option
I am a bankruptcy lawyer. Bankruptcy is what I focus on daily. So you might think it strange that I would write on the topic of when bankruptcy is not an option. Believe it or not I tell many of the people I meet with in any given month not to file bankruptcy. I think… Continue reading When bankruptcy is not an option