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
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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
Mortgage Statement During Bankruptcy
A mortgage statement during bankruptcy? We laughed at that question for years since debtors almost never get any help with their mortgage information after they file for bankruptcy. But finally the times are a changing – for the good of everyone – debtors and lenders. Some new mortgage servicing rules that just went into effect… Continue reading Mortgage Statement During Bankruptcy
Will I lose my car if I file for bankruptcy?
I get this question all the time. “I need my car to get to work – will I lose it if I file for bankruptcy?” That’s a loaded question and hard to answer in 30 seconds. What you need to understand that every case is different but in most cases you can choose a type… Continue reading Will I lose my car if I file for bankruptcy?
What kind of question will a bankruptcy lawyer ask me in my first consultation?
I always tell prospective clients to be prepared to answer some questions like this: • What kind of debts do you owe? • Are you able to pay the minimum payments on your bills? • Do you find yourself spending more money than you make? • Are creditors constantly calling you? Are your wages being garnished? I… Continue reading What kind of question will a bankruptcy lawyer ask me in my first consultation?