by Bankruptcy Law | Jan 13, 2021 | Chapter 13 Bankruptcy, Chapter 7 Bankruptcy |
The choice between a Chapter 7 and Chapter 13 bankruptcy depends on the client’s financial situation, legal obligations and future plans. A Chapter 7 allows for the complete discharge of most debts. The client gets a fresh start. A Chapter 13 requires debts be repaid...
by Bankruptcy Law | Dec 23, 2020 | Bankruptcy Attorney, Chapter 13 Bankruptcy |
In a previous blog post we discussed some of the highlights of a Chapter 7 bankruptcy filing, citing it as the most used type of bankruptcy remediation. In this blog post we will focus on the second most popular type of bankruptcy filing, a Chapter 13 bankruptcy. In a...
by Bankruptcy Law | Feb 19, 2020 | Bankruptcy, Chapter 13 Bankruptcy, Chapter 7 Bankruptcy |
Bankruptcies occur with staggering frequency. They typically result from one of five causes: medical expenses, job loss, excessive use of credit, divorce and unexpected expenses. When these issues result in unmanageable debt, personal bankruptcy is often the only way...
by Bankruptcy Law | Oct 9, 2019 | Bankruptcy Attorney, Chapter 13 Bankruptcy |
The U.S. bankruptcy code allows people who are insolvent to either eliminate legally dischargeable debts or restructure payments in a way that makes them solvent. Also known as a wage earner’s plan, a Chapter 13 bankruptcy is designed for debtors who have regular...
by Bankruptcy Law | May 22, 2019 | Bankruptcy, Chapter 13 Bankruptcy |
Debt is difficult. Declaring bankruptcy is even more difficult. But the common misconception is that bankruptcy is inherently a bad thing. It’s, in fact, designed to help you. While there’s a lot of shame that can go into the decision, bankruptcy is designed to give...
by Bankruptcy Law | Apr 9, 2019 | Chapter 13 Bankruptcy, Chapter 7 Bankruptcy |
While it’s a highly politicized issue currently, there is a truth to the financial hardships faced by Millennials that is, in many ways, completely unlike anything faced by previous generations. Millennials inherited an unstable economic market, a world of entirely...
