Tag Archives: filing for bankruptcy
Can a Mortgage Modification Help You?
Mortgage foreclosure defense is a way to avoid foreclosure and keep your home if you can no longer make your mortgage payments. It consists of changing the terms of your original mortgage to better suit your current financial situation. The process consists of sitting down with your bank or other mortgage lender and agreeing to […]
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 […]
Bankruptcy Filings Fell in 2011
The year 2011 saw an 11.7% drop in bankruptcy filings from 2010, according to a year-end study from Epiq Systems. In 2010, 1,561,008 people filed for bankruptcy, while in 2011 that number dropped to 1,379,113. About 70% of the filings are Chapter 7, which allow individuals to discharge their debts completely (if they pass a […]
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 […]
Preparing for Bankruptcy: Protecting my Assets
Bankruptcy is a huge life event. You should prepare for it just as you would any other milestone, even though this probably isn’t as happy as a wedding or a birthday. You should put thought into it and be ready for what is about to come your way. An experienced bankruptcy attorney can walk you […]
Bankruptcy Myths
We know that the decision to file for bankruptcy is a difficult one. You should have all the facts. Despite all the information out there about bankruptcy, many myths persist. Today we want to bust some of those myths. Myth: My credit will be destroyed for 10 years after filing for bankruptcy. First things first, […]
When Should I Disclose My Bankruptcy?
Bankruptcy is one of life’s more distressing and emotional events. Once it’s over, you will likely want to put it all behind you and never really think about it again. Unfortunately, at least for a while, you are going to have to sometimes disclose your bankruptcy. You certainly don’t have to tell everyone you meet […]
How Long Does Bankruptcy Take?
Once you have made the difficult decision to file for bankruptcy, your next question is probably, “How long will this take?” You are likely extremely anxious to know when you will be on your way to rebuilding your finances. Every case is different, but there are general guidelines on how long it might take for […]
When Filing for Bankruptcy, Experience Matters
Deciding whether to file for bankruptcy can be an emotional and bewildering process. It is advisable to hire an experienced bankruptcy attorney to help you through the journey. Bankruptcy is complicated, requiring a lot of paperwork and knowledge of state and federal laws. During this trying time, it is best to have a seasoned professional […]
