Who Might Need Chapter 13 Bankruptcy?

Bankruptcy is a legal procedure enabling individuals or businesses to reorganize or discharge their debts. Although Chapter 7 bankruptcy, known for liquidating assets to settle debts, is widely recognized, another bankruptcy type is known as Chapter 13. This form of bankruptcy is also known as a "wage earner's plan" and allows individuals with regular income to create a repayment plan to pay off their debts over several years. In this blog, we will discuss who might benefit from filing for Chapter 13 bankruptcy. [Read More]

Should You Reaffirm Debts In Chapter 7 Bankruptcy?

Certainly, the primary goal of Chapter 7 bankruptcy is to rid struggling Americans of debt that they can no longer pay. However, when those debts are attached to secured assets like your home or car, your bankruptcy goals may change.  Most bankruptcy claimants have the option to reaffirm such secured debts. What does reaffirmation mean? Should you do it? And how can you make the best decision? Here's what you need to know. [Read More]

Should You Delay Your Bankruptcy Filing?

Do you think that you're ready to file for bankruptcy, but wondering if the time is right? If so, it will help to know some reasons why you should delay your bankruptcy filing.  Your Medical Condition Has Not Stabilized A common reason for filing for bankruptcy is to discharge your medical debts. As the bills start coming in and you're unable to pay them, you may feel like you need to resort to bankruptcy in order to get out from underneath your debt. [Read More]

The Consequences of Filing for Bankruptcy Pro Se

When you are in debt and you feel as if you cannot afford to file for bankruptcy, you might wonder if it's a good idea to hire a bankruptcy law attorney. However, filing for bankruptcy pro se can sometimes be more expensive than hiring an attorney and you may even have your bankruptcy filing thrown out. Bankruptcy Law Is More Complicated Than Ever The process of filing for bankruptcy has become more complicated than it was in the past. [Read More]