There is no requirement to have assets when you file bankruptcy so you can certainly file bankruptcy without assets. In a “No Asset” Chapter 7 bankruptcy case, the debtor doesn’t own any assets or property that the creditors can take therefore they have a bankruptcy without assets. The debtor possesses nothing that can be sold… Continue reading Bankruptcy without assets
Category: Bankruptcy
Bankruptcy and tax refunds
Many people have questions about bankruptcy and tax refunds. Some come to see their income tax refunds as a type of yearly bonus. In reality these refunds are usually caused by having paid too much in taxes during the past year. Many times people come to rely upon these refunds for planned yearly spending to… Continue reading Bankruptcy and tax refunds
Bankruptcy when married
There is no requirement that you and your spouse jointly file bankruptcy when married. You can choose whether to file for bankruptcy with your spouse or as an individual. The decision on filing bankruptcy when married should be based on the in depth analysis of you financial condition however. It will usually depend on if… Continue reading Bankruptcy when married
Are bankruptcy proceedings public
A very common question that we get is are bankruptcy proceedings public ? Yes, you should be able to attend most bankruptcy meetings so again are bankruptcy proceedings public yes. The only times that bankruptcy proceedings will be closed to the public are when there is a party present that has an overriding interest and… Continue reading Are bankruptcy proceedings public
Bankruptcy without spouse knowing
While you have the legal right to file for bankruptcy without spouse knowing , practically it would be difficult to file for bankruptcy without your spouse finding out about you filing for bankruptcy. There will be mail and paperwork that comes to your home regarding your bankruptcy. There may be calls that come in and… Continue reading Bankruptcy without spouse knowing
How bankruptcy affects job search
A common reason for filing bankruptcy is due to a job loss. So how bankruptcy affects job search is a common concern of people looking into bankruptcy. Fist you need to understand that the bankruptcy laws protect you from being fired due to a bankruptcy filing. How bankruptcy affects job search an employer cannot legally… Continue reading How bankruptcy affects job search
Bankruptcy without losing house
Filing bankruptcy without losing house happens all the time. This is usually one of biggest concern with my clients that own property. It’s understandable that there is so much concern about filing bankruptcy without losing house since our homes are usually are largest asset (and usually our largest debt). Most people are able to keep… Continue reading Bankruptcy without losing house
Bankruptcy when to file
One of the most common search terms in the bankruptcy world is: bankruptcy when to file. There are some many variables in that question that book could be written on the subject. In some situations sometimes there is the right moment to file for bankruptcy. It could make sense to hold off filing to be able… Continue reading Bankruptcy when to file
Bankruptcy with no income
There is no income requirement to file for Chapter 7 bankruptcy. Being unemployed with no income makes it easier for you to qualify for a Chapter 7 bankruptcy. This kind of bankruptcy can offer you a new start if you are under employed or after a loss of employment and for the most part your… Continue reading Bankruptcy with no income
How bankruptcy affects you
When you file for a bankruptcy, your life can be affected in several ways. It can affect you both positively and negatively in some ways. Some of the positive effects of bankruptcy are that your debts will be under control and you can get instant relief from creditors, collecting agencies, and the debts that are… Continue reading How bankruptcy affects you