General

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. […]

Many, if not most, people who have serious financial problems are embarrassed by those problems, but they are even more embarrassed by considering bankruptcy as a solution.  However, you should not be embarrassed by using bankruptcy to fix your financial problems. It is completely understandable that you are embarrassed because you can’t pay your debts, […]

Are you facing bankruptcy because you can’t pay your credit card debts?  Keep in mind that credit cards are loans; money charged on them must be paid, and if you don’t pay the full balance due on your monthly statement, you will also pay interest, often at a high rate.  Credit cards are not free […]