While bankruptcy is typically thought of as something for individuals or businesses, in some cases bankruptcy is right for married couples. To qualify for a joint bankruptcy petition, a couple must be legally married. Cohabitation alone is not enough to qualify. A married couple may seek joint bankruptcy under either Chapter 7 or Chapter 13.…

Obviously the goal of bankruptcy to is to get out of debt, but not all debt is created equal. The types debts that are dischargeable in bankruptcy depend on whether you are filing Chapter 7 or Chapter 13 bankruptcy. Debts Dischargeable in Chapter 7 Bankruptcy Chapter 7 bankruptcy allows you to discharge your debts more…

One of the most important forms in an individual bankruptcy filing (as opposed to a business filing) is the Schedule of Assets and Liabilities (Official Form 106) which actually includes 10 other forms, a few of which are discussed below. How to fill out these forms is something you want to understand deeply before beginning.…

The old saying is that the only two things that are certain in life are death and taxes. But in bankruptcy court, taxes aren’t quite a certainty. Certain tax debts can discharged or reduced under Chapter 13 Bankruptcy, and even those tax debts that can’t be discharged can be rolled into a payment plan that…

Most people are not surprised that it actually takes some money to file a bankruptcy case. There are fees for obtaining the required credit counseling certificate, a court filing fee and the fee you pay your attorney to help you file the case. Those fees can vary depending on where you live and the complexity…

    With the new year, our thoughts often turn to resolutions or ways we can improve our lives and increase our chance of catching the brass ring. Perhaps you’ve decided to lose weight, stop smoking or get more exercise. While you are thinking about your goals in those areas, consider also your financial health.…

    You’ve heard it before. A bankruptcy case can help you end creditor harassment, stop foreclosures and prevent repossessions. How can a bankruptcy case have that much power? A set of federal laws called the bankruptcy code governs how we conduct bankruptcy cases in the United States. It  controls where the cases are filed,…

  For many, the stress of managing high credit balances and collection demands before a bankruptcy case is enough to cause them to swear off credit after the bankruptcy case is over. Other clients want to know how soon after the bankruptcy case they will qualify for credit. Creditors can grant new credit to a…

At times, life can be very unpredictable. No one sees a major medical emergency or illness coming. An extended stay in a hospital or rehabilitation center can alter your life and your family’s lives forever – not to mention are extremely expensive. Even for those of us with medical insurance, high-deductible insurance plans require that…

Starting over after filing for bankruptcy can seem overwhelming at times. Rebuilding your financial life and dealing with the emotional fallout of bankruptcy can make starting over seem like an impossible task. Additionally, most people are concerned about the effect their bankruptcy filing will have on their ability to obtain credit going forward. It is…