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A Fresh Take on Bankruptcy: Filing for Bankruptcy Can Benefit Individuals, Companies and Society

The Webster Dictionary defines bankruptcy as the quality or state of being bankrupt or the utter failure or impoverishment. Although the definition of bankruptcy gives off a negative connotation, it doesn’t have to. Filing for bankruptcy can benefit individuals, companies and society as a whole. A … [Read more...]

Bankruptcy Explained: Personal Bankruptcy Can Stop the Repossession Action and In Some Cases Get Vehicles Returned.

If you have fallen behind on your car payment and face the threat of repossession, or if your car has already been repossessed for non-payment, a personal bankruptcy filing can stop the repossession action and, in the right circumstances, allow you to recover your vehicle. You want an experienced … [Read more...]

Bankruptcy Explained: Stopping Foreclosure Through Bankruptcy or Loan Modifications

If you are struggling financially and have not been able to keep up with your mortgage payments, a personal bankruptcy filing under Chapter 7 or Chapter 13 can suspend foreclosure actions and help you get a fresh financial start. There are also ways that you can avoid foreclosure without filing for … [Read more...]

Bankruptcy Explained: Protecting Your Paycheck From Creditors

If you have received notice that a creditor is suing for the right to garnish your wages, or if they have already begun to deduct money from your paycheck, it is time to seriously consider your options in bankruptcy. Many people find themselves facing wage garnishment when they were already having … [Read more...]

Bankruptcy Explained: Can Debt Consolidation Protect Me from Creditors?

A consolidation or “workout” is an attempt to modify one or multiple debts without the need for bankruptcy, usually through a debt consolidation agency. The main issue with a workout is that most debt consolidation companies don’t provide local creditors with a contract that enforces the … [Read more...]

How to Get Your Driver’s License Back With a Chapter 7 Bankruptcy

Generally, an old debt costs someone their driver’s license in one of two ways. Drunk Driving Accident - A drunk driver hurts an innocent bystander and is assessed damages as a result. Debts related to drunk driving are not dischargeable in a Chapter 7, although you can set up a Chapter 13 … [Read more...]

Bankruptcy Explained: Understanding Property Exemptions – Keeping Your House and Car

If you file a Chapter 13 Bankruptcy, you can always keep your property. If you file a Chapter 7 Bankruptcy, the United States bankruptcy code allows you to keep your house, keep your car, and keep your property so long as your equity in that property is below certain thresholds at the time the … [Read more...]

Bankruptcy Explained: What Actions Can a Creditor Legally Take to Collect A Debt?

A good bankruptcy attorney can protect you from abusive and threatening creditors. Creditors are notorious for using threats, intimidation tactics and false information in order to scare debtors into making payments. The truth is, regardless of your ability to pay, or what a creditor may claim, … [Read more...]

Bankruptcy Explained: What Type of Bankruptcy Should I File?

Advice from an attorney is your best bet when deciding if you should file a Chapter 7 or Chapter 13 bankruptcy.  Are you facing foreclosure from a bank like Wells Fargo, being sued for medical bills by a hospital like St. Elizabeth, or confronting a mountain of Capital One credit card debt? Filing a … [Read more...]

Bankruptcy Explained: There Are Legal Solutions That Provide Debt Relief to Those Who Need It

There are many reasons that individuals and families find they can no longer afford to pay monthly bills. Some may have recently gone through a divorce. Others have been injured at work or in an accident and are unable to earn an income. Many are facing increased interest rates on mortgages or … [Read more...]