Bankruptcy Advice
9 Essential Tips for Recovering From Bankruptcy
The insecurity you feel when you file for bankruptcy can be paralyzing. Yet, once you have successfully completed the case, it’s important that you move on to the next chapter in your life. Completing a bankruptcy case is already a…
Bankruptcy Options When You Can’t Afford an Attorney
Filing bankruptcy without a bankruptcy attorney involves risk. The decision can affect the court’s rulings and your long-term financial health. In the state of Ohio, whether or not you have an attorney, the court expects you to follow the bankruptcy…
Are You Ready for a Bankruptcy Consultation? Here’s What to Expect
If you are considering filing for Chapter 7 or Chapter 13 bankruptcy, the first step is to meet with an experienced bankruptcy attorney. This initial consultation serves to understand better your financial situation and begin to plan the way towards…
What is the “Best Effort Requirement” in Chapter 13 Bankruptcy?
Bankruptcy trustees understand that everyone’s financial situation is different. That’s why the requirements for completing a Chapter 13 repayment plan are specific to each individual who files. The “best effort” requirement demands that each debtor tries as hard as possible…
What Happens to My 401(K) in Chapter 13 Bankruptcy?
In most cases, reasonable 401(k) and other retirement plan contributions can be continued depending on whether you are capable of meeting your statutory obligations while contributing to your retirement plan. What Are the Advantages of Filing for Chapter 13 Bankruptcy?…
What Happens to Child Support in the Bankruptcy Process?
In Chapter 7 and Chapter 13 bankruptcy cases, different types of debt are handled in different ways. Although child support cannot be discharged by completing the bankruptcy repayment plan, it may successfully help you catch up on payments. Below we…
Do I Need to Liquidate All My Assets in Chapter 7 Bankruptcy?
Good question. Chapter 7 bankruptcy is designed to decrease debt by liquidating assets to pay off creditors. In reality, though, you have some options and exemptions which ensure that you aren’t left with nothing. Chapter 7 bankruptcy works by selling…
Can You File for Divorce & Bankruptcy at the Same Time?
While it is possible to file for divorce and bankruptcy at the same time, it can create unnecessary delays and complications in both matters. Which you should file first — bankruptcy or divorce — depends on your particular circumstances. But…
Do You Qualify for Chapter 13 Bankruptcy?
Bankruptcy options can be very confusing for debtors. The first question that most people who are dealing with overwhelming debt must address is eligibility for bankruptcy. If you are drowning in debt, with late fees, interest and bills piling up,…
10 Good Reasons to Consider Filing for Bankruptcy
Declaring bankruptcy is a tough decision. If you are considering filing for bankruptcy, you are definitely thinking about the challenges that it poses. It takes time and money to go through the process; it requires you to disclose your financial…
