Bankruptcy Legal Blog

Attorney Fees for Bankruptcy Chapter 7 Last Updated August 27th, 2021 Filing for bankruptcy is the last thing any business, corporation, or individual wants to do. Unfortunately, sometimes there is no other option. When you file bankruptcy, you essentially declare that you are unable to repay your debt or otherwise meet your financial requirements and […]

Going Bankrupt Consequences: All You Need to Know Last Updated August 27th, 2021 Thousands of people declare themselves bankrupt each year because they understand they can’t pay for each debt they have. If you notice you can’t pay off your debts, and you’re struggling to make ends meet at the end of each month, it […]

What Types of Bankruptcies Are There? Last Updated August 27th, 2021 Were you aware that there are different types of bankruptcies depending on your financial situation?  When your position appears hopeless, bankruptcy may appear to be your only option. We understand that you may be afraid and feel pushed into a corner; however, bankruptcy is not […]

If I File Bankruptcy What Happens to My House?  Last Updated August 27th, 2021 Homeownership is something many strive for and is a common part of the ‘American Dream’. One of the biggest fears homeowners have when filing for bankruptcy is losing their house that they have worked so hard to call their own.  However, […]

Is Filing for Bankruptcy a Good Idea? Last Updated August 27th, 2021 Bankruptcy is commonly seen as a bad idea. That’s because people think it represents the end of a person or their business. But that’s not entirely true. Filing for Chapter 7 bankruptcy or the Chapter 13 alternative can be beneficial for you in […]

What Does Filing for Bankruptcy Do? – Understanding the Process Last Updated August 27th, 2021 Bankruptcy is a legal proceeding in which a judge and a bankruptcy trustee review the assets and liabilities of consumers, partnerships, and companies whose debts have become too onerous to pay. The court determines whether to dismiss the debts, which […]

Filing Bankruptcy in California Pros and Cons Last Updated August 27th, 2021 Filing bankruptcy in California is in important decision that comes with several pros and cons. It’s important to note that bankruptcy filing involves several factors that may affect how your financial situation evolves. Many people believe bankruptcy is a safe and quick way […]

How to File Bankruptcy Without an Attorney Last Updated August 27th, 2021 It is rarely a good idea to file bankruptcy without the help of an experienced bankruptcy attorney. Whether you should file for bankruptcy pro se (without an attorney) depends on how complex your case is, and the type of bankruptcy you wish to […]

Pros and Cons of Filing Bankruptcy – What You Need to Know Before Making a Choice Last Updated August 27th, 2021 Filing for bankruptcy is never an easy thing to handle and can be the cause of stress for years to come. When Chapter 7 bankruptcy is filed, you can expect it to be displayed […]

What Does Chapter 7 Bankruptcy Mean? Last Updated August 27th, 2021 Managing your finances is not always easy, especially when you start examining outstanding liabilities.  Filing for bankruptcy is a complicated process, but it can help you settle your debt. Even though it can’t fix all your financial problems, when you file, your finances may […]

Non-dischargeable Debt in Chapter 7 Last Updated August 27th, 2021 Various debts may be discharged according to Chapter 7 bankruptcy laws, but not all debt qualifies. In this article, we are going to take a further look at non-dischargeable debts. Although many Chapter 7 bankruptcy filers are able to discharge eligible obligations such as student loans, medical expenses, credit […]

Can Anyone File for Bankruptcy? Everything You Should Know  Last Updated August 27th, 2021 Filing for bankruptcy can be seen as a legal lifeline for individuals drowning in debt. People and businesses can petition courts to release them of these debts under Bankruptcy Code. In most instances, these requests are granted, providing filers with a […]

All You Need to Know about Chapter 13 Bankruptcy Last Updated August 25th, 2021 What is Bankruptcy? When debts continue to increase beyond your ability to repay them, you can file for bankruptcy to erase, or at least lessen, your debt. It should be considered as a last alternative, to be explored only after all […]

How to File for Bankruptcy in California: A Comprehensive Guide  Last Updated August 25th, 2021 In many instances, filing for bankruptcy in California is the same when filing bankruptcy in any other state. Undergoing the bankruptcy process in California falls under federal law. Nonetheless, this procedure of bankruptcy filing can be complex, which is why […]

Is Bankruptcy Federal or State Law? Last Updated August 25th, 2021 What is bankruptcy? Filing a bankruptcy petition is normally a debtor’s solution to a fresh start. It is a federally recognized method that relieves a debtor—a person, organization, or municipality—of total obligation for the debts by negotiating court-approved partial repayment plans. In the US, bankruptcy […]