Archives

You may file bankruptcy without using an attorney, but doing so can be very financially dangerous.  Of course it is tempting for people in bad enough financial situations that they need to file bankruptcy to try to save money, but that savings must be weighed against the potential risks of making mistakes that could cost […]

Did you know that you can file bankruptcy to stop foreclosure?  In order for this protection to be more than temporary, you must be able to pay your mortgage after filing and you must repay the delinquency over time , but your mortgage lender may not foreclose on you once you file bankruptcy without the […]

If you own a corporation or LLC, it is very likely that you need bankruptcy to get rid of debts incurred by your company that your company cannot afford to pay.  Why?  Because you are almost certainly also personally liable for those debts. One of the main advantages of owning your business as a corporation […]

Student loans are general unsecured debts like credit cards.  But unlike credit cards, they are not dischargeable in bankruptcy.  Therefore, you have no leverage with which to negotiate eliminating or even reducing student loan debts.  There are a few reasons that they could be eliminated, but those are exceptions.  Generally, the only way to get […]

Do you need to choose a bankruptcy attorney?  If so you should make your choice wisely.  Many people go price-shopping for a bankruptcy attorney, but this is definitely the wrong way to choose this or any other kind of attorney.  Would you choose a doctor this way? The best way to choose an attorney is […]

You usually need to include your spouse’s income when you file bankruptcy, even if you file individually. When a married debtor consults with me about their debt problems, sometimes they want to file bankruptcy under their name alone.  Filing bankruptcy for married people provides the same choice as filing taxes: you may file an individual bankruptcy […]

Do you need chapter 13 bankruptcy protection to save your home from foreclosure?  Trying to do this yourself can cause major problems for you; hire a competent bankruptcy attorney to get you the help that you need to save your home. I once got a call from a man whose 73-year-old father’s home was about […]

Have you gotten over your head in credit card debt? If so, bankruptcy might be the solution for you. You can eliminate your credit card debts with a chapter 7 bankruptcy, usually without paying anything for those debts. Many people are solicited for credit cards as soon as they turn 18 years old. At that […]

Wait a minute! How would filing bankruptcy be an investment in my future? The answer is that if you are not doing well now financially, it’s the perfect time to file bankruptcy in order to get rid of debts. If you owe debts that you cannot afford to pay but don’t have any wages that […]

You can lower your total debt payments, like credit card and medical debts, by consolidating your debts with a chapter 13 bankruptcy.  There are many debt consolidation companies, and a lot of them will rip you off.  However, you can use chapter 13 bankruptcy as a debt consolidation without the fear of being ripped off by a dishonest company. […]