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bankruptcy and divorce

Bankruptcy and Divorce: Should I File Before or After?

Divorce is never easy. The dissolution of a marriage can create intense emotional stress for both separating parties. These challenges can be even more difficult if you’re facing financial hardships.  These financial challenges often worsen with divorce because the income of one household splits between two divorcees. If you depend on your former spouse’s income, … Read More

cosigner responsibilities

Cosigner Responsibilities: When Is a Cosigner Liable for a Debt?

Co-signers are beneficial for those seeking to obtain loans and credit cards. The primary advantage of having a responsible co-signer is that it will increase your chances of receiving credit approval. Additionally, having a co-signer may enable you to secure more favorable interest rates. If you have a co-signer associated with your debt or if you … Read More

bankruptcy means test

What is the Bankruptcy Means Test?

Chapter 7 bankruptcy (the most common form of bankruptcy) essentially wipes away a large portion of your unsecured debts and protects certain assets you may possess.  Briefly, unsecured debts are not backed by any collateral. Unlike car and home loans, unsecured debt means that creditors aren’t able to reclaim property if you default. Credit card … Read More

bankruptcy and retirement

Will I Lose My Retirement If I File for Bankruptcy?

If you’ve found yourself in a precarious financial situation and overwhelmed with debt you can’t repay, bankruptcy may be your best option. You may be reluctant to declare bankruptcy because you fear it will wipe out your hard-earned retirement savings. However, in most situations, this is not the case.  Defining the Most Common Types of Bankruptcy … Read More

payday loan debt and bankruptcy

Payday Loan Debt and Bankruptcy

You’ve probably driven past storefronts with bright lights offering quick cash through payday loans. Or maybe you’ve seen the commercials on social media or TV. The companies that offer these short-term loans tout them as a surefire way to get out of a financial bind. Payday loans are incredibly risky. Instead of being helpful, they … Read More

bankruptcy and child support

Bankruptcy and Child Support

Filing for Chapter 7 or Chapter 13 bankruptcy is sometimes the best solution for those struggling with overwhelming debt. It offers a fresh start and the opportunity to reorganize finances, discharge certain debts, and regain financial stability.  However, many debtors have questions regarding how filing for bankruptcy impacts child support payments and debts. In this … Read More

What Does the Bankruptcy Trustee Investigate?

What Does the Bankruptcy Trustee Investigate?

If you’re considering filing Chapter 7 or Chapter 13 bankruptcy, you need to be aware of the different components of the filing process, including the role of the bankruptcy trustee. The court-appointed bankruptcy trustee plays a vital role during bankruptcy because they represent debtors’ estates and will make recommendations to the bankruptcy court. When starting … Read More

Chapter 13 Bankruptcy and Tax Debt

Chapter 13 Bankruptcy and Tax Debt

If you’re struggling with overwhelming tax debts, you should consider all of your financial options, one of which is filing bankruptcy Chapter 13. With Chapter 13, you can pool all of your debts, including some types of tax debts, into a three-to-five-year repayment plan. You may not be able to pay off the entirety of … Read More

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No upfront attorney fees in qualifying cases. Pay only court filing fee, credit reporting fee, and pre-bankruptcy credit counseling session fee to get a case on file to stop garnishments, repossessions, and certain court actions. Restrictions may apply. Please call to discuss your situation and learn how we can help.