Tag Archives: bankruptcy lawyer

5 Of The Most Common Myths About Bankruptcy

Misconceptions about bankruptcy and what it means to file are prevalent. Here are 5 of the most common misconceptions people have about the process.

First Consider The Negative Effects of Filing Bankruptcy

Before you consider filing personal bankruptcy, it’s important to get the whole story on the negative effects of bankruptcy. I went through bankruptcy four years ago, and I am still sorry I did it.

Do You Really Need A Bankruptcy Lawyer?

One of the biggest obstacles to filing for personal bankruptcy are the legal costs. The fees charged by the court are under $500 in total, but bankruptcy lawyers will charge you an additional $2,000 or more for services to file for bankruptcy. If you’re too broke to pay your credit cards and loan payments, [...]

Chapter 7 Bankruptcy Information: What You Need To Know

This is the chapter that most people would probably like to file under, since it will wipe your slate clean so to speak of all debt. Chapter 7 is also called “Liquidation” because your assets will be liquidated, or sold, to pay your debt.

How To Choose A Bankruptcy Lawyer

If you are one of the millions of Americans considering filing for bankruptcy, choosing a bankruptcy lawyer is a key consideration. The cost of bankruptcy can be high, and frankly shopping around for a bankruptcy law firm will not necessarily mean you will find someone affordable. Bankruptcy can be expensive, and you need to be [...]

Domestic Support Obligations in the Bankruptcy Code

Domestic support obligations are a certain class of debts recognized by bankruptcy law. Knowing what is a domestic support is important in evaluating the effects bankruptcy will have on you.

Who Is Eligible to File Chapter 7 Bankruptcy?

Chapter 7 bankruptcy can provide for a financial fresh start to those who use its power to rid themselves of creditors harassment and headaches – but not everyone is eligible to file for Chapter 7 bankruptcy protection. The following requirements must be met in order to file a Chapter 7 bankruptcy: