Category Archives: Chapter 13
A Skilled Attorney Can Assist with Personal Bankruptcy
You may feel like you can manage your debts and other financial difficulties on your own, but when it comes to filing for personal bankruptcy, it’s crucial to seek the help of an experienced bankruptcy attorney to ensure you make it through this complicated process with the best chance of full financial recovery. Seeking advice […]
Ford City Borough Considers Bankruptcy
At Ford City’s council meeting this month, local residents and council members voiced their concerns about the borough’s economic future, which doesn’t appear promising. The borough has been struggling financially for some time. Since the Department of Environmental Protection fined the borough for problems with its plans for a new water plant and the Greater […]
Pittsburgh Area Bankruptcies Drop in Second Quarter
According to the Administrative Office of the U.S. Courts, Pittsburgh has experienced a decrease in the number of bankruptcy filings by local businesses this year. The Pittsburgh Business Times reports that data from the Administrative Office of the U.S. Courts showed a significant drop in bankruptcy filings by Pittsburgh-area businesses — only 55 were recorded […]
Filing for Bankruptcy in Retirement
Retirement is supposed to be a time to relax and enjoy the fruits of your lifelong labor. Unfortunately, new research shows that retirees appear to be turning to bankruptcy more frequently to help them resolve their debts. A University of Michigan law professor documented the rise of retirees filing for bankruptcy over the last few […]
Why You May Want Credit Restoration After Filing Bankruptcy
Filing for bankruptcy can be an emotionally charged decision. You want to pay your debts, but the financial challenges can be overwhelming, especially in this economic climate. Filing for bankruptcy can lift the financial burden and provide a second chance for consumers with unmanageable debts. But how does a bankruptcy appear on your credit report […]
Chapter 13: What You Need to Know About Excluded Debt
Bankruptcy may be a “fresh start” but it may not leave the debtor completely debt free. Certain types of debts survive Chapter 13 bankruptcy and are not discharged. As a rule, the discharge releases the debtor from all debts provided for by the plan or disallowed, with the exception of certain debts. To the extent that they are […]
Financial Troubles Can Hit Anyone: But There’s Hope
As the US unemployment rate continues to rise and fall unpredictably, and medical bills and credit card debt soar, more families hit hard by financial troubles look for solutions. No one is immune, not even the family of an Olympic champion who has the potential earning power of a Fortune 500 executive. Recently the mother […]
Debt after Death
When Whitney Houston died on February 11, 2012, rumors swirled about the late singer. One of those rumors was that Ms. Houston was broke when she passed away, having run through all the money she earned in the 80s and early 90s. This begs an interesting question. What happens to your debt in death? Does […]
Credit Cards and Bankruptcy
With credit cards as easy to get as ever and disruptions to income, such as job loss or serious medical disability, occurring to people every day, it’s no wonder that credit cards make up a large portion of discharged debt in bankruptcy. Here are a few things to note when considering bankruptcy as an option […]
