Generally people stop paying their credit cards, medical bills, or other unsecured debt, and use that money to prepare to file bankruptcy. Most of my clients pay me using money they normally would have paid to their credit cards or other unsecured debts. In this way, the costs of bankruptcy are coming out of your…
Although I help consumers file bankruptcy for a living, the first thing I do at our free consultation is search for ways to avoid a bankruptcy filing. Some folks are in a situation where bankruptcy alternatives are their best option. Unfortunately, a bankruptcy filing often becomes inevitable for people who wait too long before getting…
If you are behind on your mortgage payments, filing bankruptcy may help you save your home. The key factor to consider is whether you would be able to make payments going forward if you were not behind today. With a Chapter 13 Bankruptcy filing, all foreclosure actions must be stopped. In Chapter 13, you will…
Bankruptcy FAQ – Do successful people file bankruptcy? Yes! The whole point of bankruptcy is to help people recover from difficulty and find financial success. Many famous people have suffered economic setbacks and have had to file for bankruptcy protection either personally or for their business. The list of such individuals is very long and…
Property that you can keep and protect from your creditors when you file Chapter 7 bankruptcy is called “exempt” property. The basic purpose of bankruptcy is to allow a person who is overwhelmed with debt to free himself of that burden. The law allows you to keep property to help you achieve a fresh start.…
Many clients would rather be any other place on Earth than my office for an initial consultation. One of the best parts of my job is being able to explain the many benefits of discharging debt the right way, through bankruptcy. I enjoy seeing the sense of relief on my clients’ faces when the light…
It is your choice, not your attorney’s choice, which type of bankruptcy to file. There are advantages and disadvantages to each which your attorney can go over with you. It depends on what you want to accomplish. Here are some things to consider when making your decision: Chapter 7 Bankruptcy gives you a second chance…
Bankruptcy is a beginning, not an end. Many clients come in for an initial consultation thinking they will be giving up all their property, will not have any money to spend ever again, and once they decide to file bankruptcy their financial lives are over. Nothing could be further from the truth! When I advise…