In today’s economy, renting an apartment or home is quite common. Nearly 40% of people in the United States are renters, and many of them are facing financial hardship. If you have lost your job or are experiencing other financial difficulties you may find yourself...
Bankruptcy Basics
Should You Stop Paying Bills Before Filing for Bankruptcy?
One of the most common questions debtors ask before filing for bankruptcy is whether they should stop paying their bills or other expenses. After all, if you are already struggling to make ends meet and anticipate having your debts discharged, it may seem like a waste...
Statute of Limitations: Is There a Time Limit on Debt Collection?
No matter who you are, getting a call from a debt collector can be a daunting experience. Just because you owe a debt, however, does not always mean that you are legally obligated to pay it. Under the law, creditors have a window of opportunity to file a...
What Happens When You Declare Bankruptcy?
Given the current economic climate, many Americans are forced to consider what happens when you declare bankruptcy. Whether a job loss, illness, divorce, or another unexpected turn of events has you looking at bankruptcy, here's your guide to understanding the...
Extra $600 CARES Act Unemployment is Over. Should I Use My Retirement Money to Pay Credit Card Debt?
The CARES Act, passed by Congress in response to COVID-19, eliminated the penalty for early withdrawal of retirement funds. This was done to provide a source of assets for those struggling to pay their bills. The extra $600 weekly federal unemployment supplement that...
3 Things You Must Know If You Are Married but Want to File Chapter 7 Bankruptcy Without Your Spouse
You Can File Bankruptcy Individually Even if Married It is a common misconception that both spouses must file bankruptcy together. Married couples can choose whether to file for bankruptcy together or individually. If, however, both spouses want to file for...
Can I Keep Money I Receive from a Personal Injury Lawsuit in Bankruptcy?
Many clients ask us if they can keep money that they get from a personal injury they suffered if they file bankruptcy. This blog will explain what a personal injury claim is, when it must be disclosed and how much money you can keep if you file bankruptcy. When a...
How to Properly Value Your Home in Bankruptcy
It is important to properly value your home in both a Chapter 7 and Chapter 13 bankruptcy. This blog will discuss why a proper valuation is important and the types of available valuations. Why is it Important to Get a Proper Home Valuation? There are many reasons it...
It’s the New Year. Get a Financial Fresh Start
As 2020 approaches, you are probably thinking about your New Year’s resolutions. This year, consider making a resolution to lose your debt! When you file a Chapter 7 or Chapter 13 Bankruptcy, you are able to eliminate the majority, if not all of your debt. Just think,...
WHAT ASSETS CAN I KEEP IN A CHAPTER 7 BANKRUPTCY-EXEMPTIONS
In Most Chapter 7 Cases Bankruptcy Exemptions Allow People to Keep to Keep Their Property After Bankruptcy Many people are afraid that if they file for Chapter 7 bankruptcy, they will lose their house, their car and all of their personal property. Most Chapter 7...