Keeping Everything You Own in Bankruptcy
You want to know: “Can I really keep everything I own if I file bankruptcy?” A two-part answer: 1) Yes, you can, usually, keep those possessions that are all yours (you don’t owe any money on them). 2) Yes, you can, usually, keep those particular possessions on which you are making payments to a creditor […]
The Simplest Save-Your-Business Chapter 13 Case
Here’s how to focus on running your business, by stopping your creditors from taking the wind out of your sails. In the last few blogs I’ve been talking about some of the extra considerations that come into play when you own a business, are having financial troubles, and wonder if bankruptcy can help. No question—most […]
Worried about Getting Your Car or Truck Repo’d? How Bankruptcy Could Help
Bankruptcy stops a vehicle repo from happening. But what then?
Can an Individual Chapter 7 Case Ever Save Your Business?
Chapter 13 can be a great way to keep certain small businesses afloat, but how about Chapter 7? Can’t it ever be a simpler and cheaper way to do so? In my last blog I said that Chapter 7 is “seldom the right option if you own a business that you want to keep […]
The Collision between State Garnishment Law and Federal Bankruptcy Law
Bankruptcy quashes a garnishment, but only if it’s filed in time.
Ten Things You Need to Know About Assets and Exemptions in Bankruptcy
Most of the time, you get to keep whatever you own when you file bankruptcy. These 10 truths tell you how it works.
What Makes Your Bankruptcy Simple, and Not So Simple?
If your financial life is legally simple, your bankruptcy will likely be simple. What is it about your financial life that makes for a not so simple bankruptcy case? Bankruptcy can be very flexible. If your finances are complicated, bankruptcy likely has a decent way to deal with all the messes. My new clients are […]
Get a “Fresh Start” in Bankruptcy for Your Assets, Not Just Your Debts
Bankruptcy helps both sides of your balance sheet. Getting a financial fresh start means not just getting relieved of your debts, but also protecting your essential assets. You can preserve this crucial benefit of bankruptcy by not selling, using up, or borrowing against your protected assets BEFORE the filing of your bankruptcy case. It is […]
Creditors to Whom You Feel a Special Loyalty
In bankruptcy it’s okay to FEEL differently towards some creditors than others. You can also sometimes ACT differently, but only if you very carefully follow the rules.
Another Five Ways to Save Your Home through Chapter 13
In my blog last Thursday I gave you the first five of ten big ways that Chapter 13 allows you to keep your home. Here are the other five. 6. If you need to sell your home, Chapter 13 usually gives you much more time to do so than a Chapter 7 case. More […]