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Learn About Your Bankruptcy Options

If you're swimming in debt and face the possibility of losing your home and vehicle, you may choose to file bankruptcy. But if you don't know what type of bankruptcy to file, your financial problems can become worse. A year ago, I lost my job and couldn't find work right away. Although my spouse still worked, their income wasn't enough to keep us afloat. With no other options available to us, we decided to file bankruptcy. However, choosing the right bankruptcy wasn't easy. If I filed individually, my spouse would still owe on their half of the debt. If my spouse filed, the remaining debt would fall on me. After speaking to an attorney, my spouse and I opened a joint bankruptcy case. The relief of knowing we would be okay eased our minds. Read my blog to learn more about your bankruptcy options. Good luck and thanks for reading.

When Is Chapter 13 Bankruptcy The Right Approach?

Posted on 29 June 2023

Personal bankruptcies almost all fall under either Chapter 13 or 7 of the federal bankruptcy code. In a Chapter 13 case, the debtor proposes a payment plan. In Chapter 7, they offer to liquidate their non-exempt assets. Each approach has its virtues, but here's how to tell if Chapter 13 is the right option for you based on your circumstances. Income Stability and Sufficiency A Chapter 13 bankruptcy law firm will encourage its clients to provide proof of income stability to the court. [Read More]

Useful Protocols For Those Attempting To File Old Tax Returns

Posted on 22 September 2022

There are some people who forget to file taxes for a particular year. If this happens to you, it's important to file these old returns to avoid costly penalties. Just make sure you follow these protocols when doing so.  File Quickly to Avoid Further Penalties Something important to realize about not filing taxes for a year is you may be charged a penalty for this instance. If you delay filing, this penalty is only going to grow and then it may be hard to get out of this situation. [Read More]

Planning Pro Se? Why You Need Bankruptcy Attorney Services Instead

Posted on 20 December 2021

If you've fallen behind on your bills during the current Covid-19 shutdowns, and you need to file for bankruptcy, it's time to arrange for bankruptcy attorney services. You might think that you can take the pro se approach, which is to file for bankruptcy without an attorney, but that's not the case. You can make a lot of mistakes when you try to file for bankruptcy on your own. Some of the mistakes can be costly. [Read More]

The Best Bankruptcy Options To Consider When Your Small Business Is Struggling

Posted on 27 September 2021

When your small business is in trouble and you feel like you will be going out of business, there are several options that are available to you. These can include borrowing money or restarting your business. However, in some cases, it makes more sense to contact a bankruptcy attorney to figure out what to do. Going Deeper Into Debt Taking on the debt will often only make your problem worse. If you are not able to solve the problems that caused your business to find itself in jeopardy in the first place, these problems will continue to eat away at your business. [Read More]