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Personal Organization and Bankruptcy

  Some people are naturally organized. Some aren’t. If you are a naturally disorganized person, however, it would be to your benefit to work on some organizational skills if you are considering filing for bankruptcy.   Keeping things organized helps both you and your attorney keep track of all the paperwork and items involved in […]

Reasons a Bankruptcy Case Would Be Dismissed

With more than 6,000 bankruptcy filings every day, the courts don’t have any time to waste when dealing with a bankruptcy case. It makes sense, then, that they would have a low tolerance if someone doesn’t follow the rules. Courts do not hesitate to dismiss cases when someone is dishonest or does not cooperate fully. […]

Seven Famous People Who Went Bankrupt

Filing for bankruptcy is an extremely difficult decision and, for many people, a last resort. Many of our clients tell us they feel they won’t be able to bounce back after bankruptcy. That’s just not true. With good planning and resolve, you will be back on the road to fiscal fitness in no time. If […]

What to Expect at the 341 Bankruptcy Meeting

When filing for bankruptcy, many clients express anxiety at the thought of the Meeting of Creditors (also called the 341 meeting, after Section 341(a) of the Bankruptcy Code). Knowledge is power, and the Meeting of Creditors isn’t as scary as it sounds. Here is an idea of what to expect, and hopefully cut down on […]

Banks Paying Homeowners to Avoid Foreclosures

Banks, anxious to move troubled mortgages off their books, have started offering cash incentives to homeowners to sell their properties for less than what they owe – typically called a “short sale.” In the past, banks have balked or dragged their feet at short sales. However, lately, they have decided that short sales are more […]

Will I Lose My Retirement if I File for Bankruptcy?

One of the questions Harold Shepley & Associates receives is, “Will I lose my retirement accounts if I file for bankruptcy?” You’ll be glad to hear that the answer to this question is “No.” When filing for Chapter 7 or Chapter 13 bankruptcy, you can keep your pension and retirement plan, with a few exceptions […]

Top Ten Largest Bankruptcies in History

  If you are going through a bankruptcy or even just considering it, you might feel very alone. However, you’re not. More than a million Americans file for personal bankruptcy every year. Big companies and even cities and governments file for bankruptcy all the time. Here’s a list of the ten biggest company bankruptcies in […]

Bankruptcy Consultation – What You Need to Know

So, you’ve made an appointment for a consultation with a bankruptcy lawyer.  Congratulations on taking the first step towards financial freedom!  After you take some well-earned time to pat yourself on the back, you should start prepping for your visit.  Do not go to your consultation meeting empty-handed.  The more prepared you are, the more […]

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