
Why You Should Consider Chapter 7 Bankruptcy If You Lost Your Job During COVID-19
How a Loss of Income Can Open You to Chapter 7 Bankruptcy Protections The COVID-19 pandemic has unfortunately ravaged the United States economy and continues to restrict what types of businesses can normally operate, resulting in record unemployment and unprecedented layoffs across numerous industries. Losing a job in...
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Is Chapter 7 Bankruptcy for You?
Before you make any decisions about filing chapter 7 bankruptcy, you must first know what chapter 7 bankruptcy is and whether or not it makes financial sense for you. Chapter 7 bankruptcy is the most simple and most common form of bankruptcy used by individuals and small businesses. Under...
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What Does the Bankruptcy Filing Process Entail?
Considering filing for bankruptcy? The procedure is a multi-step process that the bankruptcy court requires before a discharge from bankruptcy can occur. Although there are several types of bankruptcy, to keep it simple, we will only cover chapter 7 and chapter 13 here. The requirements for chapter 7 are a little easier...
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Can I Keep My Tax Refund When I File Bankruptcy?
When you file for bankruptcy, the court-appointed trustee who represents the creditors is going to be looking at not only your assets but your tax return as well. The trustee’s job is to help creditors resolve bankruptcy disputes with debtors and their lawyers by reviewing the debtor’s financial records in order to pay...
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What Are the Differences and Impacts?
Is your debt larger than you can handle? Are creditors sending you notices? Are you worried you might lose your home? Well you have options, and filing for bankruptcy is one of them. Yes, the word bankruptcy conjures up images of people who...
What Are the Differences and Impacts? Continue reading…