Tag Archives: debt

What is Chapter 7 Bankruptcy?

The basic idea in a Chapter 7 bankruptcy is to wipe out (discharge) your debts in exchange for your giving up property. Continue reading

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Can my income affect the type of bankruptcy I can file?

Yes, an experienced bankruptcy attorney will be able to review these figures with you to determine which type of bankruptcy you can file. Continue reading

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What is bankruptcy?

Bankruptcy is a legal proceeding in which a person who cannot pay his or her bills can get a fresh financial start. Continue reading

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What kinds of bankruptcy are there?

There are four types of bankruptcy cases provided under the law, Chapter 7, Chapter 11, Chapter 12 and Chapter 13. Continue reading

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What is debt management?

In a debt management program, you are paying the company a monthly debt management payment for a period of usually 3 to 6 years that they will apply to a monthly payment to each credit card in the program until the debt has been paid. Continue reading

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If I file bankruptcy, will I lose my car or home?

In most cases, you will not lose your home or car during your bankruptcy case as long as your equity in the property is fully exempt. Continue reading

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I have a debt collector calling me, what should I do?

Once you have retained an attorney, you can refer any debt collection calls to your attorney who will handle them for you.
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If my wages are being garnished, what can I do?

There are three main ways to stop the garnishment: negotiate a settlement; negotiate a payment plan; or file bankruptcy. Continue reading

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What are the pros and cons of filing for bankruptcy?

The disadvantages to filing bankruptcy are much fewer than the advantages. Continue reading

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When should someone consider filing bankruptcy?

If you feel you are you in trouble, you should consult with a bankruptcy attorney to discuss your options, some of which may not involve filing bankruptcy at all. Continue reading

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