Avoiding Bad Bankruptcy Advice

Consequences of bad bankruptcy advice can be disastrous. Bankruptcy is a complex process. Even a small mistake can cost your dearly. Only a doctor can give you medical advice. Similarly, only a lawyer can offer legal advice.

Bankruptcy and Divorce: Which Comes First?

If you contemplating bankruptcy and divorce, then timing is critical.  This article only helps if neither one of you has filed for divorce or bankruptcy yet.  If you are in a divorce...

Bankruptcy and Divorce: Who's Debt is It?

If you are considering bankruptcy, know that your past divorce may be affected.  This is especially true if the divorce is just a few years old.  If you are still in a divorce the

Bankruptcy and Divorce: Really Oil and Water?

Divorce is hard enough with the fights over everything such as who gets the house to who takes the vacuum that was a wedding gift.  However, hot emotions in a divorce may...

Cram Down Investment Property Debt with Bankruptcy

  You can cram down a loan amount with bankruptcy. A major benefit of Chapter 13 bankruptcy is its cram down provision. Cram down is a court ordered reduction of...

How Does Bankruptcy Automatic Stay Work?

  When you file a bankruptcy petition, your creditors are required to immediately stop collection attempts.  This provision of the bankruptcy code is known as the automatic stay...

Does Bankruptcy Eliminate Student Loans?

Student loans can be a significant portion of your personal debt, particularly if you attended a private school or borrowed money to earn a graduate degree.  Prior to 2005, it...

What is a Bankruptcy Discharge?

A debtor’s goal in filing for bankruptcy is to come away with a clean slate – that is with as few remaining debts as possible.  When a bankruptcy case is closed, certain debts...

How to Plan for Bankruptcy

  Bankruptcy is a complex legal process and requires detailed planning. Even a small mistake can be costly. Planning is very important when you are filing for bankruptcy...

What is a Preferential Bankruptcy Transfer?

Bankruptcy is intended to give people who are truly having trouble paying their debits a fresh start.  When a debtor files bankruptcy, the bankruptcy court will consider...