The Different Tax Implications of Discharge and Debt Forgiveness Let's face it…there's a certain stigma associated with filing for protection under the American bankruptcy laws. For that reason, you may think it's a better idea to work with a debt … [Read more...]
Can You Keep a Tax Refund When You File a Chapter 7 Bankruptcy?
Are There Ways to Avoid Losing Your Refund to Pay Creditors? You're facing dire financial circumstances—maybe you've lost your job or you've been sick or injured. You've pretty much decided that the best way forward is through a Chapter 7 … [Read more...]
Avoiding Preferential Treatments in Bankruptcy
The Consequences of Selectively Paying Creditors Immediately before Filing When you're initially facing financial challenges, it's common to turn to friends and family for assistance. When it becomes clear that your problems cannot be resolved … [Read more...]
What Is a Chapter 7 Bankruptcy?
What Are the Limitations? What Will Chapter 7 Do for You? You have bills you can't pay. You may not be working as a result of the pandemic. You may have suffered an unexpected illness or injury. That's what the bankruptcy laws are there for—to help … [Read more...]
Indications That You May Need a Fresh Start in Bankruptcy
Signs to Look for to Determine If You Need Bankruptcy Protection If you're struggling to meet your financial obligations, there may or may not be any comfort in knowing that you're not alone. Every year, more than 1.5 million Americans use the … [Read more...]
Protecting Home Equity in a Bankruptcy Proceeding
Make the Right Decision About Filing for Bankruptcy If you’ve been furloughed or laid off because of the coronavirus pandemic, or fear potential financial challenges as virus numbers resurge, you may worry about keeping a roof over your head. Can … [Read more...]
Filing for Bankruptcy Without Losing Your Property
Getting a Fresh Start Without Losing Everything You've lost your job because of the pandemic, or you've just gone through a divorce. Maybe you suffered an injury or illness and have considerable unreimbursed medical expenses. A personal bankruptcy … [Read more...]
Credit Counseling Prerequisite for Personal Bankruptcy Filing
Debtors Must Receive Counseling Prior to Bankruptcy Petition If you're struggling to make ends meet because you've lost your job, incurred substantial out-of-pocket medical expenses, or gone through a divorce, you might consider bankruptcy filing as … [Read more...]
Legal Actions Not Affected by Bankruptcy Filing
Bankruptcy Won't Stop All Legal Proceedings If you're struggling to make ends meet, a personal bankruptcy filing can help you get a fresh start. When you file for bankruptcy protection, an automatic stay immediately goes into effect. This stay … [Read more...]
How to Be Certain Bankruptcy Is the Right Option
What Bankruptcy Can and Cannot Do for You If you're one of the millions of Americans struggling financially because of the pandemic, you may be considering bankruptcy. There's a common misunderstanding, though, that filing for bankruptcy will allow … [Read more...]
