Bankruptcy Lawyer | Discharging Debt Before Retirement Bankruptcy Lawyer | Unfortunately, many Americans are unprepared for retirement? Are you among them? According to a recent survey from the Employee Benefit Research Institute, almost one third of workers have less than $1,000 in savings, and more than half have less than $25,000. Even more worrisome, many [...]
Chapter 13 Bankruptcy | How to Use Your Credit Card After Bankruptcy Chapter 13 Bankruptcy | According to the latest numbers, American consumers are doing a better job managing their debt now that at any time since the Great Recession of 2008. Bankruptcy filings are at their lowest rate in 7 years, delinquencies are declining, [...]
You may have finally decided it is time to dig yourself out from an overwhelming pile of debt and start over with a bankruptcy attorney. You realize bankruptcy is the best option for you to accomplish this, but for years may have heard that bankruptcy can leave a permanent negative mark on your life and [...]
Chapter 7 Bankruptcy - Pros and Cons There's no question that deciding to declare a Chapter 7 bankruptcy is very difficult. It affects your future credit, your reputation and your self-image. It can also improve your short-term quality of life considerably, as the calls and letters stop. Here is a list of pros and cons to consider [...]
Bankruptcy Lawyer - How a High Income Bankruptcy Works Bankruptcy Lawyer - Many people assume that if their income is relatively high, they cannot file for Chapter 7 bankruptcy. Often this assumption is incorrect. It is not by any means unusual for a “high-income” debtor to file under Chapter 7. In fact, I have successfully represented clients [...]
Common Issues Associated with a Chapter 13 Bankruptcy A Chapter 13 Bankruptcy case, also known as a debt-consolidation bankruptcy, is a lengthy process. The repayment plan a person enters when they start a Chapter 13 can last anywhere from 36 to 60 months. Naturally, a lot can change in a person’s life over the course [...]
A bankruptcy lawyer is a beneficiaries of a tough economy, but their clients, many of whom know little about the process and have scant time to research it, are usually at a loss when it comes to seeking the help of an expert. With creditors closing in and desperation mounting, many people foolishly select a [...]
The Pitfalls of Filing for Chapter 7 Bankruptcy without an Attorney Many people file for Chapter 7 bankruptcy without an attorney. Some represent themselves in bankruptcy because they cannot afford the attorney fees. Others have simple cases, and don’t feel the need to hire an attorney. While filing a successful Chapter 7 bankruptcy on your [...]
Background A chapter 13 bankruptcy is also called a wage earner's plan. It enables individuals with regular income to develop a plan to repay all or part of their debts. Under this chapter, debtors propose a repayment plan to make installments to creditors over three to five years. If the debtor's current monthly income is [...]
Bankruptcy Attorney: How Chapter 13 Works Bankruptcy Attorney: A chapter 13 case begins by filing a petition with the bankruptcy court serving the area where the debtor has a domicile or residence. Unless the court orders otherwise, the debtor must also file with the court: (1) schedules of assets and liabilities; (2) a schedule of current [...]