The Bankruptcy Court relies on the information that you provide them during bankruptcy. Your filings are supposed to provide a true and accurate picture of your finances at the time you file for bankruptcy. You must fully and accurately disclose your assets on your bankruptcy filing. Bankruptcy fraud is when you knowingly file incorrect information with the court. This…
The bankruptcy process requires a lot of paperwork. Any mistake could both jeopardize your ability to successfully make it through the bankruptcy process and impose delays. You have a legal obligation to list all of your assets and your creditors on the bankruptcy filing. If you make a mistake on your bankruptcy filings, you would need to file an…
The bankruptcy process is supposed to provide you with a fresh financial start, you can break free of the debt that is ruining your life. In order to be successful in bankruptcy, you cannot afford any mistakes. You should hire an experienced bankruptcy lawyer to help you through the legal process. You have several options available to you in…
You are filing a Chapter 7 case with the hopes of getting a fresh financial start. While there may be some stress involved with the bankruptcy process, you are also anticipating a life without the debt that has suffocated you. One of the first questions that clients ask us is when they can anticipate being done with their case….
One of the common reasons that people give us for not wanting to file for bankruptcy is that they are afraid that they will lose their homes. The answer to that question depends on what type of bankruptcy they are filing and how much equity they have in their home. It is possible to lose a home in bankruptcy,…
The main type of bankruptcy for which you would need to determine eligibility is Chapter 7. In this bankruptcy, you can get discharged from many of your debts. However, there are very strict limits on those who may qualify for this type of relief. If you do not qualify for Chapter 7 bankruptcy, you must use Chapter 13 for…
While there is no legal requirement to hire a lawyer for a bankruptcy case, it is certainly in your best interests. The bankruptcy process comes at a difficult time in your life. There are a number of mistakes that you could make on your own that could complicate things for you. Many decisions are made before you even file…
When you start looking into bankruptcy, the amount of information you find can be overwhelming. Between new terminology related to exemptions and discharges and the various types of bankruptcy, it’s easy to get lost down the rabbit hole. The most common forms of consumer bankruptcy are Chapter 7 bankruptcy and Chapter 13. In the material below, we briefly discuss…
Credit card debt can get out of control quickly. Perhaps you used a credit card to cover unexpected medical bills or recently lost your job and can’t keep up with your bills. Regardless of the reason you are in credit card debt, high interest rates and aggressive collection tactics can make this type of debt difficult to deal with….
The pandemic took many people for a serious financial loop. Between people losing jobs and not being able to work because of their health, many are still stuck with a large overhang of debt. The good news is that bankruptcy laws may be able to help you get a fresh start. The bankruptcy that many people are familiar with…
