How Often Can I File Bankruptcy?

Repeat Bankruptcy Filings: How Often Can you file? An attorney will look-up your previous bankruptcy filing to verify the date. The timelines start with the date of filing not the date of discharge. Waiting Periods Apply to Discharge First, some clarification is needed. You can file successive bankruptcy cases, however, you will not receive a […]

Bankruptcy Myths

Bankruptcy Myths Collection agencies and creditors will often call debtors and allege that unsecured debts that have been reduced to judgments and credit card bills are no longer dischargeable in bankruptcy. These and other similar allegations made by debt collectors simply aren’t true. If you have debts that you need to discharge in bankruptcy, you […]

Which Chapter of Bankruptcy Is Right For Me?

If you are considering filing for bankruptcy, then you may be aware that there are a few different types from which to choose. What you might not know is that, depending on your financial situation, you might not qualify for the type of bankruptcy that you are considering. The law provides restrictions on which form […]

What happens to mortgages in bankruptcy?

What happens to mortgages in bankruptcy? It  depends on which chapter of bankruptcy you file under and what your intentions are. Chapter 7 If you file a chapter 7 and you want to keep the home, you will continue making payments as you normally would. However, you should be certain that your equity does not […]

Converting from Chapter 7 to Chapter 13

Through the Bankruptcy Code, Congress established two main types of consumer bankruptcy: Chapter 7 and Chapter 13. Chapter 7 is what most people think of when they hear the word “bankruptcy.” It is a type of liquidation. In Chapter 7, the debtor turns over most non-exempt assets to a trustee — the Chapter 7 trustee […]

Debt Consolidation Versus Bankruptcy

If you are like the millions of Americans struggling with debt, it is important that you know that there are options. While bankruptcy may be one of those options, it may not be the best fit for your specific financial situation. In fact, there are several alternatives to bankruptcy that may allow you to eliminate […]

33 Things Not to Do When Filing for Bankruptcy

Don’t leave out Bank, Checking, Savings, Brokerage, Credit Union accounts from your list of accounts. Don’t file if your income is greater than your expenses. Don’t use your credit cards within the 3 months of filing. Don’t take Credit Card Cash Advances. Don’t use convenience checks. Don’t do balance transfers. Don’t pay money to Family. […]

How Much Does Bankruptcy Cost?

During these unprecedented times, you may be one of the millions of Americans facing financial difficulties. Creditors hounding you and threatening to take your property can begin to take a toll. While you are making your best effort to satisfy your obligations, you just can’t seem to get out from under your mounting debt. To […]

Top Three Reasons People File Bankruptcy

To Stop Creditor Harassment and Garnishments By law, the creditors must stop calling you once you have retained bankruptcy counsel or have filed bankruptcy. By hiring an experienced attorney you can transfer those unwelcome calls to the attorney’s office. Once you file bankruptcy, your attorney will take steps to prevent any further garnishments against wages […]

What if my spouse doesn’t file bankruptcy with me?

What if my spouse doesn’t file bankruptcy with me? It is common for married individuals to file bankruptcy without including their spouse in the petition. An individual bankruptcy will not affect your spouse’s credit. Your credit profile is attached to your social security number. As such, you have a separate credit profile from your spouse. […]