Posts

Filing For Bankruptcy? Never Try To Conceal Your Assets From The Court

Posted on

The recent furor over some social media posts by rapper 50 Cent brings to light something people should know about bankruptcy — you can’t use it to avoid paying your debts if you actually have the money or assets to do so. Try it, and you just might find yourself hauled back into bankruptcy court for a fraud investigation. This is what you should know. You have to tell the court everything.…

Read More »

4 Tips For Filing For Bankruptcy With Medical Debt & Ongoing Injuries

Posted on

When dealing with an ongoing illness or injury, you don’t realize how quickly medical bills can add up. If you cannot handle the medical debt that you have, then one of your options is to file for bankruptcy. An attorney can help you through the process and give you guidance on the steps you need to take. If you still have an ongoing illness or injury, then there are four tips you should follow before filing.…

Read More »

Bankruptcy, Automatic Stays And Evictions

Posted on

Being threatened with eviction is usually just one symptom of many other underlying financial problems that may lead you to consider filing for bankruptcy. Once you are behind on bills, including your rent, the resulting burden of bills can begin to feel like an avalanche of debt. While dealing with collection agencies can be annoying, worry about you and your family being put out on the street can ratchet the stress level even higher.…

Read More »

Mortgages And Bankruptcy: What Happens?

Posted on

When you are thinking about filing bankruptcy one of the biggest concerns is often: what will happen to your mortgage? Will filing bankruptcy help prevent foreclosure on your home? Will it be able to reduce your monthly payments? The answers depend mainly on the type of bankruptcy that you file. You can choose either Chapter 7 or Chapter 13, and each works very differently.   Your Mortgage Under Chapter 7…

Read More »

3 Legal Options To Handle A Chapter 13 Plan After A Spouse Dies

Posted on

A major part of a Chapter 13 bankruptcy filing is the repayment plan. If you fail to make the scheduled payments on time, your bankruptcy status could be in jeopardy. If you and your spouse filed together and he or she dies while the plan is still in effect, you have several options available to deal with the remaining payments.  Request a Modification Modifications to repayment plan are sometimes allowed by the bankruptcy court if there is a situation that warrants it.…

Read More »

Impoverished Spouse Claims And How They Can Help In A Bankruptcy

Posted on

During a marriage, there may be several issues with how the family income is spent. A well-paired set of partners consists of two people who can evenly disperse the money responsibly, but more often than not there is a partner who spends rather foolishly while the other partner is more conservative. It is one of the biggest reasons couples fight and eventually divorce. If you are the partner that wanted to act and behave responsibly with money but now find yourself floundering under insurmountable tax debt that should not be yours, you can claim “…

Read More »

When Is The Best Time To File For Bankruptcy: Before Or After Divorce?

Posted on

Divorce is a stressful process, and it can be even more difficult if it comes with financial problems. Divorce is one of the biggest causes of financial struggle, and many consider bankruptcy as an option. Here, we will examine some factors to consider when you’re deciding whether to file for bankruptcy before or after divorce. Type of Bankruptcy When deciding whether to file for bankruptcy before or after a divorce, consider the type of bankruptcy you wish to file.…

Read More »