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Chapter 7 Archives

Understanding the Different Types of Bankruptcies

Thumbnail image for Understanding the Different Types of Bankruptcies.jpgUnless you have filed for bankruptcy previously or are an experienced bankruptcy attorney, you probably have many questions about the differences between Chapter 7, Chapter 11, and Chapter 13 bankruptcies, whether one would be right for your situation.

Chapter 7 & Chapter 13 Bankruptcy: Three Fears That Keep Debtors from Filing

Chapter 7 & Chapter 13 Bankruptcy Three Fears That Keep Debtors from Filing.jpgThere is often a lot of emotion attached to how and when we spend money. For instance, we spend when we are happy, we indulge in retail therapy when we are bored or sad, and we may even feel depressed when we cannot pay the bills. While mismanagement of money is sometimes the reason for our financial downfall, more often it is due to an unexpected life event like a major illness, car accident, loss of job, or even divorce.

After Bankruptcy: Plan for Good Financial Health

after bankruptcy plan.jpgIf you are considering bankruptcy or have just filed, you are probably looking forward to exiting a dark time. Financial problems can happen to anyone-but no matter the level of accomplishment or income you may have achieved, people often feel embarrassed when they file Chapter 7 or Chapter 13 bankruptcy. Hundreds of thousands of people file bankruptcies every year in the United States, often doing so after years of struggling to keep up with the ever-increasing cost of living. And as you may have experienced, mild financial problems escalate quickly when an unexpected (and expensive) event occurs like the loss of a job, illness, divorce, and more.

Managing Your Stress Levels When Money is Tight

Managing Your Stress Levels When Money is Tight.jpgYou can probably relate to the ups and downs of trying to get by financially today. Millions of others around the US are feeling the stress of balancing the household budget also, especially as the cost of living continues to rise while wage increases for many either are insufficient or are completely nonexistent. The way we feel when we have a positive grip on our finances can be hard to describe-but the reverse can often be defined as disturbing, anxiety-inducing, and downright nightmarish. Much of this stems from feeling helpless-and you very well may be somewhat helpless to pay numerous bills, especially if you have been hit hard by a medical issue, unemployment, divorce, overwhelming student loan debt and more.

On the Verge of Bankruptcy & Divorce: Filing with a Strategy in Mind

on the verge of.jpgAs most will attest, marriage and money can be a complex combination. When you got married, you and your spouse likely merged finances with a positive outlook, looking forward to all the benefits of a strong partnership. As the years pass though, there are inevitable challenges which must be weathered together-and finances are often connected to them in one way or another.

Can the Bank Freeze My Checking Account if I File for Bankruptcy?

can the bank freeze.jpgYou may have been out shopping for groceries this past weekend, or perhaps at your favorite local hardware store picking up tools and materials for a few maintenance projects on your home. As you perused the aisles and began filling your cart, most likely you had no sense that any trouble was brewing regarding your ability to pay-until that embarrassing moment when you reached the cashier and heard, "I'm sorry but your card has been declined." This is always a bad moment, and one most of us have experienced due to one issue or another. As the line behind you began to build, you probably tried swiping at least a couple more times only to get the same humiliating result.

Avoid Any Question of Fraudulent Behavior When Filing for Bankruptcy

avoid any question of.jpgAlthough most debtors preparing to file for bankruptcy are under serious financial duress, they may still have issues regarding spending and asset allocation that require consideration in pre-planning. You may be eager to get your case rolling along-whether filing for Chapter 7 bankruptcy or Chapter 13-but it is imperative that you consult with your attorney regarding your entire financial picture, including all open accounts, recent purchases on credit, property exchanges that could raise concerns, and more.

After the Bankruptcy Discharge: Forging Ahead on a Positive Note

after the bankruptcy.jpgWhile many still see a stigma attached to the process of filing for bankruptcy, just as many debtors (and some in the public eye) are completely upfront about their financial struggles. You may have friends or family who have filed after extreme financial challenges. While they began the process in a state of stress, once their debts were discharged you may noticed them announcing their joy on social media, calling loved ones, and celebrating overall. This is indeed a time for rejoicing, as the discharge of debts represents a clean start and new control over finances.

Chapter 7 & Chapter 13: What is Bankruptcy Pre-Planning?

Chapter 7 & Chapter 13 What is Bankruptcy Pre-Planning.jpgLike millions of others before you in the US, you may have decided to file bankruptcy due to an overwhelming amount of debt. You probably never expected to be in such a position, but life is full of surprises and unfortunately, they are not always good when it comes to finances. If you have been struggling with a torrent of medical bills after a car accident, the loss of your job, a difficult divorce, or maybe even all these events in the past few years, filing for bankruptcy may be the best solution.

How Many Times Can I File for Bankruptcy?

How Many Times Can I file for Bankruptcy.jpgThe goal behind filing for bankruptcy is to pave a new financial path for yourself, free of debt. The stories behind bankruptcy vary, however, and are often the result of unexpected, even catastrophic events. And just because something happens once, unfortunately, does not mean it can't happen again.

Our bankruptcy attorneys will help you escape debt and
face the future with optimism.

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