Category Archives: Bankruptcy
The Answers to IRS & Bankruptcy Questions
When filing for personal bankruptcy, it doesn’t matter if it’s a Chapter 7 or a Chapter 11–you’re still bound to have myriad questions about how it works, what to expect, and how it will impact your balance due to the IRS. Happily, those questions can be answered by an experienced Miami bankruptcy attorney. Until… Read More »
The Automatic Stay: How Filing for Bankruptcy Stops Your Creditors
One of the most immediate benefits of filing for bankruptcy is a legal tool most people have never heard of until they need it: the automatic stay. The moment your petition is filed, this federal protection takes effect and puts an abrupt halt to nearly all collection activity against you. For anyone who has… Read More »
Is Bankruptcy Complicated? Take a Look at the Forms
If you’ve been overwhelmed by collection agents who hound you day and night, perhaps you’ve considered filing for bankruptcy so you can start all over. It might save you money, you may be thinking, to just handle the whole thing yourself rather than hiring an attorney who specializes in the field. Before taking that… Read More »
Not Everyone Who Wants Bankruptcy Qualifies
If you are struggling with your finances and are considering filing for bankruptcy, consider this: not everyone who thinks bankruptcy can solve their financial woes will necessarily qualify for it. Chapters 7 and 13 are the two most common forms of bankruptcy that individuals seek, and both have a number of rules that can… Read More »
Will Filing for Bankruptcy Protect me from Eviction?
Your finances are a disaster, and you’ve spent more time dodging creditors than you’d like to admit. You’re so far behind on your bills that you’ve started to worry about the possibility of being evicted–and then what? The thought of being homeless scares you to death, and you’ll do whatever it takes to avoid… Read More »
Misconceptions About Bankruptcy
Bankruptcy: just the thought of it gives you the heebie-jeebies. You’re worried about getting an awful credit rating, losing your possessions, and becoming the laughingstock of the neighborhood. But instead of letting your thoughts run away with you, getting some basic information about the realities of bankruptcy may bring you a little relief. With… Read More »
Bankruptcy and Credit Card Debt
Are you buried in debt due to credit card usage? If so, you’re not alone! Americans have accrued nearly $1.3 trillion in credit card debt and are paying interest rates around 21 percent. With rates like that, making minimum payments each month barely touches the balance owed, leaving borrowers feeling overwhelmed and powerless. At… Read More »
Who’s Who in in Chapter 7 Bankruptcy Proceedings
When filing for bankruptcy, there are many questions debtors face and a slew of people who become quite familiar with your personal financial matters. Before getting too far into the process, it can be comforting to know who some of these people are and what their responsibilities will be. The debtor: That’s you, the… Read More »
What Happens to Retirement Savings in Bankruptcy?
You’ve played by the rules all your life, and yet you still manage to find yourself facing bankruptcy proceedings. It’s a lot to swallow, and one of your biggest concerns is your financial security in your golden years. Does filing for bankruptcy mean you will never get to enjoy the retirement savings you so… Read More »
What to Know About Involuntary Bankruptcy
While it’s true that many people choose to file bankruptcy as a way to deal with indebtedness, there are those who find themselves in bankruptcy proceedings through no choice of their own. This sort of involuntary bankruptcy is rare for individuals (it’s more commonly used against corporations) but is certainly worth knowing about before… Read More »