2020

5 Lesser Known Terms Associated With Bankruptcy

Anybody that needs to file for bankruptcy is more than likely familiar with the basic terms used in the legal process. However, there are a few that go beyond creditors and debtors that you need to be aware of.  Schedules Schedules are the documents used to file for bankruptcy at the beginning of a bankruptcy process, and they list all of your assets, debts, cash flow, exemptions, and things of that nature.…

Will Filing Bankruptcy Halt Child Support Arrearages?

If you fall behind on child support payments, you may have a difficult time filling your financial obligations to your child. Many desperate parents turn to bankruptcy, hoping it will halt child support arrearages, but child support is non-dischargeable, and you will still owe it at the end. However, here are two ways in which filing bankruptcy can help you manage your financial obligation to your kids. Bankruptcy Actually Makes It Easier to Pay…

Why File For Bankruptcy? 3 Reasons Why You Should

Some may wonder why you would file for bankruptcy. Although it isn’t the first choice for many, it may be their only option left. Bankruptcy isn’t a decision anyone would come up with first and foremost, most people will exhaust every possibly avenue before ever considering filing for bankruptcy, because they think filing is taboo. Filing for bankruptcy is not anything to ever be embarrassed about, and it may be necessary in order to survive day to day.…

Is Chapter 7 The Right Choice For You?

One of the biggest questions a client will have for a Chapter 7 bankruptcy attorney is whether this particular approach is the right one for them. A bankruptcy attorney can’t guarantee that any specific approach is perfect for a client, but they can look at a handful of common factors and advise people based on experience. Here are four things a lawyer will assess to determine if Chapter 7 bankruptcy is a good option for a client.…