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If you are considering filing for Chapter 7 or Chapter 13 bankruptcy, the first step is to meet with an experienced bankruptcy attorney. This initial consultation serves to understand better your financial situation and begin to plan the way towards…
Bankruptcy trustees understand that everyone’s financial situation is different. That’s why the requirements for completing a Chapter 13 repayment plan are specific to each individual who files. So, what is the best effort requirement in Chapter 13 bankruptcy? The best…
In most cases, reasonable 401(k) and other retirement plan contributions can be continued depending on whether you are capable of meeting your statutory obligations while contributing to your retirement plan. Can I Continue to Make 401(K) Contributions During Chapter 13…
In Chapter 7 and Chapter 13 bankruptcy cases, different types of debt are handled in different ways. Although child support cannot be discharged by completing the bankruptcy repayment plan, it may successfully help you catch up on payments. Below we…
Good question. Chapter 7 bankruptcy is designed to decrease debt by liquidating assets to pay off creditors. In reality, though, you have some options and exemptions which ensure that you aren’t left with nothing. Chapter 7 bankruptcy works by selling…
Are you in financial jeopardy at the same time that your marriage has run its course? If so, you might be wondering whether it’s possible to pursue a divorce and a bankruptcy at the same time. Here’s what you need…
One of the first steps in the Chapter 7 bankruptcy process is a meeting of the creditors, also known as a 341 hearing. This is the first important meeting with your lawyer, trustee, and creditors which will be held to…
If you are considering Chapter 13 bankruptcy, you probably have a lot of questions and concerns. In reality, for those who are committed to success, declaring bankruptcy can be the first step in the right direction. Chapter 13 bankruptcy is…
When you owe a debt and you aren’t able to make the required payments, creditors will begin taking action to collect. In the beginning, they may simply send letters or call your home. As time goes on, however, creditors may…
You might have found yourself in an unfortunate situation where you think your house will be foreclosed on in the near future. You probably even considered bankruptcy because you just can’t seem to find your way out of the financial…
