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Category Archives: Bankruptcy Attorneys

What is a Credit Score?

Your credit score can make or break you financially. It determines whether you can get a loan or credit card, it determines whether or not you’ll get a high or low interest rate, and it can even help you get your utilities turned on in your new home or apartment. A credit score is a… Read More »

What You Should Know about Credit Cards and Bankruptcy

Many myths circulate about bankruptcy.  Some people fear that after they file, they must wait 10 years before applying for a credit card.  Or they may believe that no financial institution would ever agree to issue them a credit card until 10 years after the date they filed bankruptcy. Fair Credit Reporting Act One way… Read More »

When Do People Lose Their Homes in Bankruptcy?

One of the main concerns about filing bankruptcy is whether or not you can keep your home.  Because there are many different situations and choices of bankruptcy chapters, various factors come into play in determining whether you keep or lose your home.  There is no substitute for discussing your financial circumstances with an experienced bankruptcy… Read More »

Pros and Cons of Joint and Individual Bankruptcy Filing

When filing bankruptcy, couples must decide whether to file an individual bankruptcy or a joint bankruptcy with a spouse.  Give these options considerable thought and discuss them with your bankruptcy lawyer.  Both types of filings have their advantages and disadvantages and state marital property laws also must be considered. The bankruptcy chapter most appropriate for… Read More »

What Does the Creditors’ Meeting Involve?

Knowing what to expect during bankruptcy helps you prepare and participate in a way that can lead to a successful outcome. While your bankruptcy lawyer provides legal guidance, offers explanations, and is at your side throughout the process, a basic understanding of key bankruptcy proceedings can also greatly benefit you. A creditors’ meeting is a… Read More »

What Is an Automatic Stay?

One of the most stressful aspects of being in debt is dealing with creditors or collection agencies. Phone calls, letters, and legal actions such as foreclosure, wage garnishment, repossession, and lawsuits are extremely threatening and many people feel intimidated by them. An experienced bankruptcy lawyer can help protect your rights. The U.S. Bankruptcy Code affords… Read More »

What Is Wage Garnishment?

Wage garnishment is a powerful collection tool for creditors as a way to force you to pay them by taking money directly from your paycheck.  With wage garnishment, creditors get a court order to take your wages straight from your employer. The sheriff presents your employer with papers that order him or her to make… Read More »

What is the Role of the Trustee?

During the bankruptcy process, you’ll be working very closely with your bankruptcy lawyer. However, another person you’ll meet is your bankruptcy trustee. The main duty of the trustee is to represent all of your creditors collectively and to administer your estate. Early in your case, the trustee will hold a meeting of creditors, during which… Read More »

How Do I Find A Good Bankruptcy Attorney?

Making the decision whether or not to file for bankruptcy isn’t an easy one. You will need a bankruptcy attorney you can trust—one you feel comfortable with and who has the knowledge to walk you through the process with skill and compassion. Look for an attorney who practices bankruptcy and only bankruptcy. You want an… Read More »

Am I A Candidate For Bankruptcy?

Even if you are having problems and issues with debt, you still may be unsure as to whether you are a candidate for bankruptcy. Look over our Debt Test below and see how you score. If you answer “yes” to the majority of these questions, you are probably a good candidate for bankruptcy. Are you… Read More »