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When is Bankruptcy Worth the Blow to Your Credit?

by | Jul 9, 2014 | Bankruptcy

Before filing for bankruptcy, make sure you are getting enough debt relief to justify the black mark on your credit report. Bankruptcy brings many benefits to individuals facing overwhelming debt. However, it does have one major drawback, namely a significant and...

Will I Lose My Jewelry if I File For Bankruptcy?

by | Jun 16, 2014 | Bankruptcy

The amount of property you can keep depends on its value and the type of bankruptcy filed. “Can I keep my stuff?” is a very common question that bankruptcy attorneys hear from potential clients who may be excited about the prospect of debt relief but less excited...

Bankruptcy Fees

by | May 24, 2014 | Bankruptcy

Filing for Chapter 7 or Chapter 13 bankruptcy isn’t free but you may be able to get your fees waived. Bankruptcy is designed to help you get out of dire financial straits caused by overwhelming debt, but just like it “takes money to make money” it takes money to save...

2014 College Graduates the Most Indebted Ever

by | May 20, 2014 | Bankruptcy

Declaring bankruptcy can offer grads a way to free up cash for paying off student loans. According to an analysis of the latest government data, the college class of 2014 is the most indebted ever in terms of student loans. They will probably only hold this title for...

Does Remorse Play a Role in Bankruptcy Decisions?

by | Apr 25, 2014 | Bankruptcy

Study tested whether an apology affected judges’ rulings in a fictional Chapter 13 bankruptcy case Chapter 13 bankruptcy is typically sought by relatively high-income individuals who need some breathing room to help them climb out of overwhelming debt. This type of...

What’s the Role of a Bankruptcy Trustee?

by | Apr 16, 2014 | Bankruptcy

Bankruptcy trustees are responsible for administering bankruptcies and directing cash to creditors An impartial bankruptcy trustee is appointed in every case to oversee and administer the various tasks related to the bankruptcy. The main duties and responsibilities of...

Understanding Preferential Transfers

by | Mar 25, 2014 | Bankruptcy

Before you file for bankruptcy, get the facts on preferential transfers to make sure they aren’t rescinded by the bankruptcy trustee. In a bankruptcy case, a trustee is appointed to review your bankruptcy petition, look for signs of fraud, and attempt to maximize the...

6 Reasons to Delay Filing for Bankruptcy

by | Feb 17, 2014 | Bankruptcy

Filing for bankruptcy too soon can limit your ability to maximize debt relief When it comes to filing for personal bankruptcy, timing is everything. You need to choose your timing wisely in order to maximize benefits and minimize forfeitures. The best way to pick the...