Tag Archives: filing bankruptcy
Understanding Automatic Stays and Motions for Relief from Stay
By the time many people consider filing bankruptcy, they are buried in creditor collection calls or perhaps even threatened with wage garnishment, foreclosure or repossession. Consequently, it is a relief to understand what an automatic stay does for you. Filing a bankruptcy petition automatically triggers a court order called an automatic stay. An automatic stays […]
Foreclosure Defense as an Alternative to Bankruptcy
In some cases, a bankruptcy lawyer can help you with foreclosure defense, which is an alternative to filing bankruptcy. To understand how foreclosure defense works, you first have to understand how the mortgage industry changed its operating basis in recent years. The way the mortgage industry used to work was the individual bought a house […]
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. […]
Forgive Us Our Debts, As We Forgive Our Debtors
The idea of forgiving debts is not a new one. It arose centuries ago during biblical times. Despite the social stigma often associated with filing bankruptcy, the United States, which was founded as a Judeo-Christian nation, draws on a rich religious heritage of showing compassion for debtors. During the time of Moses, the Israelites were […]
