According to a recent article on nerdwallet.com, waiting to file bankruptcy extracts a large price. You're in the financial "sweatbox". (more…)
Why avoid certain banks if filing bankruptcy? Because if you don't, you could lose a lot of money! Here's why and how…
Many clients ask me if the debt that's discharged (eliminated) in bankruptcy will stay gone forever.
Family farmers who need Chapter 12 bankruptcy thought they were getting a break in 2005 with the new bankruptcy laws. But the U.S. Supreme Court interpreted a poorly-written part of that law to take away that break.
Are you in the fortunate situation of having too much money to file bankruptcy? Let's see how you can fix that.
The short answers are "probably not" and "it depends". Let's expand on those short answers.
The credit industry would have you believe that filing bankruptcy is so bad that you should do it only as a last resort, making bankruptcy your last option. The credit industry spends a lot of money to get you to believe that. But for many people, nothing could be further from the truth. Why do I say that?
I'm often asked if people can keep their house and car if they file bankruptcy. The short answer is usually "Yes", if they keep making the payments.
I'm often asked if someone can file bankruptcy if they've done that before, or how often they can file bankruptcy. You can actually file bankruptcy at any time, but you won't get rid of ("discharge") your debts unless you meet the timing rules for multiple bankruptcy filings. So let's take a look at those.
A study found that the bankruptcy code is an incredibly effective social insurance policy.
I'm often asked if someone can get rid of payday loans by filing bankruptcy. Let's take a look at this.
During my first consultation with people who are interested in filing bankruptcy, I always explain this very important subject of "exemptions". Let's see what exemptions are and why they're important.
Some people file bankruptcy without an experienced bankruptcy lawyer. What are they risking?
Someone asked that recently, saying that's the kind they wanted. Sorry, but there isn't a bankruptcy like that. If you don't make the payments on your house or car, bankruptcy or not, you'll lose that house or car.
Bankruptcy improve your credit score? Are you kidding me? Not at all. Let's take a look at some reasons that filing bankruptcy might improve your credit score.
Are you feeling shame for needing to file bankruptcy?
OK, you want to file bankruptcy. Here are three basic things you should understand about the process.
Are you behind on your car payments and afraid your car will be repoed? Consider bankruptcy!
I'm often asked "When can I buy a home after bankruptcy?" Let's take a look at that.
If a spouse of a married couple files bankruptcy, a later property settlement might have unintended results. Let's see why.