Tag Archives: bankruptcy attorney
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 […]
Filing for Bankruptcy can Immediately Relieve Creditor Collections
Among the many benefits that come with filing for bankruptcy is stopping creditor collections. Once you file your Chapter 7 or Chapter 13 bankruptcy petition a special court injunction—known as the automatic stay — halts creditors from coercing you to pay on your debt. With few exceptions, most any creditor that you name on your […]
What You Can Expect at the Bankruptcy Creditor’s Meeting
Not long after you file your Chapter 7 or Chapter 13 bankruptcy petition, the court will appoint a trustee who will oversee the management of your case. In addition to reviewing your petition and various schedules you file, the trustee gathers information about your financial state. This includes presiding over a section 341 hearing — […]
Family Matters: Discussing Financial Hard-Times with Your Kids
Try as you may, but you cannot cover up your money problems. Everyone around you will be affected by your stress and other symptoms. The stress associated with financial struggles can be overwhelming to you and your children, no matter what their age. A parent’s natural instinct is to shelter children from difficult situations. Resist […]
If I Filed Bankruptcy Before, When Can I File Again?
In this roller coaster economy it isn’t hard to imagine a situation where someone may need to file for bankruptcy more than once. The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (BAPCPA) provides for multiple bankruptcy filings under certain conditions. While the BAPCPA does not establish a specific length of time to wait between […]
If You Intend on Filing Bankruptcy, Pay Attention to Your Account Balance
Filing for bankruptcy protection is a life-altering event. Like any other major change in life, planning ahead may help you experience a smooth process and ensure that you don’t end up in worse shape than you are now. One concern for people who are considering filing bankruptcy is how much of your property you may […]
Managing Your Household Budget May Keep You Out of Bankruptcy
Sticking to budget is not easy for anyone. Even the rich and famous turn to business managers to help them handle their budgets and avoid going into debt. A business manager’s job is to provide support in curbing spending impulses. For young celebrities whose wealth may have come all of a sudden, a business manager’s […]
How Can Bankruptcy Help with an Underwater Mortgage?
As a result of the housing market crash, housing prices dropped in many regions of the United States. An underwater mortgage is a new term coined to describe house values that are less than the home’s mortgaged value. For example, let’s say that a couple bought a house for $300,000 and arranged a loan with […]
How Does Residency Relate to Your Bankruptcy?
Some states have lists of assets that are exempt when filing bankruptcy and debtors can choose whether to use the federal list of exempt assets or the state’s. Not all states allow you to choose, but Pennsylvania is an either/or state that allows you to decide whether to use the state or federal government’s exemptions. […]
Can Parties Sue Each Other in a Bankruptcy Case?
Most bankruptcies face few challenges. Your bankruptcy lawyer files the petition on your behalf and you meet with the trustee. The creditors’ meeting is frequently a formality and no creditors may even attend. All goes well with no blips on the radar screen, so to speak. However, some bankruptcies are complicated and do not move […]
