Category Archives: Bankruptcy
What Happens to Retirement Accounts in Bankruptcy?
You have worked hard your whole life and have built up a substantial retirement savings over the course of 20, 30 or even 50 years, but now that you have fallen on hard times and have to file for bankruptcy, you are worried that your retirement accounts will be considered an asset and that… Read More »
What Does it Mean to Reaffirm Your Debt After Bankruptcy, and Should You do It?
Filing for bankruptcy may be the best thing you do for your financial future, but depending on which bankruptcy you file for, you may lose everything that still has a loan attached to it. This includes your home and your vehicles. If you are in a situation where Chapter 13 is not right for… Read More »
Will I Be Forced to Liquidate My Business in a Florida Bankruptcy?
When you started your business, you put everything you had into it, including your blood, sweat, tears, and yes, money. After you opened its doors, you continued to pour your hard earned income into making your business bigger and better. A lot of small business owners do this—invest their own income into their small… Read More »
What to Expect at Your “Meeting of Creditors”
When you file for bankruptcy, the U.S. Bankruptcy Code Section 341 dictates that you attend what is known as the “Meeting of Creditors.” For many people, this is the most difficult aspect of filing for bankruptcy—even more difficult than the filing itself. This is because you are forced to face the very people you… Read More »
Should I Hire a Bankruptcy Lawyer?
Whether you lost your job and are on the verge of losing everything – you have sky-high medical bills that you simply cannot afford – or you got in over your head with debt and did not realize it until it was too late – you may find yourself faced with two options: file… Read More »
The Differences Between Chapter 7 and 13 Bankruptcies
Most people are familiar with Chapter 7 and Chapter 13 bankruptcies, but most people are unaware that there are actually six types of bankruptcies, each of which is titled after their chapter in the Bankruptcy Code. However, everyday consumers are eligible for just three, while one is for commercial enterprises, another is for municipalities… Read More »
How to Use Bankruptcy to Eliminate Your IRS Debt
Life is often unpredictable, and while sometimes it can be so in a good way, it is more often than not the hardships that are unplanned for. Unfortunately, financial hardship is one of life’s many adversities that we fail to plan for. When, after months of being unable to pay the mortgage, putting groceries… Read More »
