answers to your bankruptcy questions

Are you considering filing for bankruptcy and are wondering how long the process will take or how an attorney can help? Click for more.

After Bankruptcy: What’s Next?

2 October 2017
 Categories: , Blog

If you've finally come to terms with your financial problems and made the tough decision to declare chapter 7 bankruptcy, you are likely dealing with some emotional fallout. In spite of a widely-held belief that people who declare bankruptcy are irresponsible and lazy, most people think long and hard about this major legal move before they take that step to file. It's not easy to admit that your financial situation has gotten so far out of control, and you know that the financial ramifications of a federal filing can continue to affect your for years to come. Read More …

Two Reasons Why Now Is A Good Time For You To File Bankruptcy

17 July 2017
 Categories: , Blog

Drowning in a sea of bills is rarely a pleasant experience for anyone.  It can be so disheartening to realize that your expenses have piled up to such an extent that you truly don't know how you're going to see your way out of it.  If you are currently in this position, you might be toying around with the idea of filing for bankruptcy.  However, if you've been given misinformation about exactly what bankruptcy is, you could be hesitant to go for it. Read More …

Drowning In Debt? 4 Steps To Recover From Your Financial Crisis

2 July 2017
 Categories: , Blog

If you're in debt, and it doesn't look like there's an end in sight, don't give up. There's a way to get out from under the debt so that you can move on with your life. Unfortunately, when the bill collectors are calling you night, and day, it can be difficult to think clearly. Don't let debt destroy your life. Here are four steps you can take to take control of your financial future: Read More …

How Are Payday Loans Handled In Chapter 7 Bankruptcy?

26 May 2017
 Categories: , Blog

Of the two main types of bankruptcy you can file, Chapter 7 is typically the preferred method, because it offers forgiveness of debt. Chapter 13, on the other hand, requires a plan to repay the debt you owe. If you are thinking of filing Chapter 7 and are wondering if your outstanding payday loans can be included, here are a few things you will want to know before you file. Read More …

What To Do About The Tax Consequences Of Mortgage Forgiveness

3 May 2017
 Categories: , Blog

If you are subjected to a deficiency judgment after foreclosure (i.e. the monetary difference between what you owe and the price the bank sells the home for), it's possible to negotiate with the lender and get it to forgive some or all the debt. However, that can be the start of a whole new problem where the IRS demands you pay taxes on the forgiven debt. Here's more information about this issue and your options for dealing with it. Read More …
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answers to your bankruptcy questions

Are you considering filing for bankruptcy? If so, you have a ton of questions that you need the answers to. Will you lose your home? Will you lose your cars? Will you have to repay the debt? How long will it take to get through the entire process? Will you ever be able to get financing in the future? These and many more questions about bankruptcy are answered right here on my blog. You will find out what your attorney will do for you and find advice for managing your finances a little better in the future to avoid finding yourself in this situation again.

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