Blog

Jul
25
2018
It may seem like an uphill battle after you emerge from bankruptcy, but your credit score can improve substantially in just a few years. Here are seven tips for improving your credit score quickly.
Jul
13
2018
Bankruptcy laws and processes are complex and it’s easy to make a mistake. Here are four issues you need to avoid with your tax returns if you plan to file for bankruptcy.
Jun
19
2018
When secured creditors repossess collateral, often a vehicle, it is possible to have it returned by filing for bankruptcy. The debtor must immediately file a bankruptcy petition and motion for turnover against the creditor that repossessed the property.
Jun
12
2018
An attorney can help you better negotiate with creditors and create a more manageable repayment plan. A knowledgeable bankruptcy lawyer can also help you understand your rights as a consumer and assess the statutes of limitation that may apply your debts.
Jun
05
2018
Since there is no debt limit for individuals in Chapter 7 bankruptcy, a worsening of your financial situation or increase in debt will not affect your eligibility.
May
29
2018
Chapter 13 bankruptcy is only available to individuals, sole proprietorships, and individuals who are self-employed or operating an unincorporated business. Corporations or partnerships do not qualify for this type of bankruptcy.
May
22
2018
The main qualification for Chapter 7 bankruptcy is income level. A debtor’s current monthly income is calculated by averaging income for the six months prior to filing.
May
15
2018
To discharge debts in Chapter 7 bankruptcy, an individual must demonstrate that he or she has very little income to pay off debts. As opposed to the reorganization of Chapter 13 bankruptcy, Chapter 7 is an asset liquidation process, so if you have steady income, you may not qualify.
May
15
2018
The myth that student loans cannot be modified in bankruptcy is so pervasive that most debtors do not try to include them. More lawyers are realizing that reducing or modifying student loan debts during bankruptcy is possible and becoming more common.
May
07
2018
In a class action lawsuit against Navient, one of the largest student loan servicers in the U.S., a Texas Bankruptcy judge has denied the defendant’s motion to dismiss, making clear that funds received as an “educational benefit” are not necessarily exempt from discharge in bankruptcy.