Legal Blog

Bankruptcy(171 articles)

Understanding ‘Fraudulent Transfers’ in Bankruptcy: Lookback Periods and Consequences

Apr 7, 2025 | Bankruptcy, Brant Swartz

In bankruptcy law, the term “fraudulent transfer” often raises eyebrows and causes concern and anxiety as the term seems to indicate criminal activity. Understanding fraudulent transfers and what they encompass is important for anyone contemplating bankruptcy. This post will break down the concept, explain lookback periods, and talk about how it might affect debtors and …

Who Files For Bankruptcy?

Mar 17, 2025 | Bankruptcy, Brant Swartz

One of the greatest misconceptions held about bankruptcy is the belief about who actually files bankruptcy. Many hold a stereotypical view of those who file bankruptcy and there is a generally lack of understanding about filing statistics. Most people mistakenly believe a typical bankruptcy filer is a young person suffering the consequences of bad money-management, …

#1 Bankruptcy Myth: You Will Lose Everything

Feb 26, 2025 | Bankruptcy, Brant Swartz

If your finances are a mess and you don’t know how to get out of debt, filing for bankruptcy might solve your financial problems. You may have concerns about seeking bankruptcy, and rightly so, as it is a decision that you should not make lightly. As with anything else regarding the law there is a …

How Could Chapter 7 Bankruptcy Affect Your Car Lease?

Feb 17, 2025 | Bankruptcy, Spencer W. Jones

Filing for bankruptcy is a big step that can impact many parts of your financial life, including what happens to your car lease. If you’re considering Chapter 7 bankruptcy, it’s helpful to understand what it might mean for your lease. This post covers how Chapter 7 bankruptcy could affect your car lease and outlines the …

Are You Ready for a Financial Fresh Start?

Feb 10, 2025 | Bankruptcy, Spencer W. Jones

Do you feel overwhelmed by the amount of debt you owe? Are you struggling to keep up with basic expenses, wondering how you’ll afford everyday essentials? It’s easy to find yourself overwhelmed by debt from things like home loans, car payments, credit cards, and medical bills. You may try everything you can to make ends …

What Happens to Your Bank Accounts During Bankruptcy

Jan 27, 2025 | Bankruptcy, Christopher Stanfield

One common concern when filing for bankruptcy is what will happen to your bank accounts. In this post, we’ll explore the implications of bankruptcy on your checking and savings accounts, ensuring that you clearly understand how the process will affect your financial situation. The Role of Disclosing Bank Accounts in Bankruptcy When you file for …

What Happens If You Change or Lose Your Job during Chapter 13 Bankruptcy?

Jan 20, 2025 | Bankruptcy, Christopher Stanfield

Navigating the complexities of bankruptcy can be an overwhelming experience, especially when unexpected life events, such as job changes or loss, arise during your bankruptcy journey. In this article, we will explore the implications of job changes or loss during a Chapter 13 bankruptcy, providing you with the information to make informed decisions and complete …

How Could Chapter 13 Bankruptcy Affect Your Car Lease

Jan 13, 2025 | Bankruptcy, Casey Taylor

Filing for Chapter 13 bankruptcy can have significant implications for individuals with active car leases. Chapter 13 bankruptcy offers a structured way to manage debts, but understanding how it impacts your car lease is crucial. This blog post will guide you through the essentials, providing insights into legal considerations and practical advice for those considering …

Chapter 7 for Small Business Owners

Dec 30, 2024 | Bankruptcy, Casey Taylor

Managing a small business can be challenging, and sometimes, it can lead to financial problems. If you experience such a situation, filing for Chapter 7 bankruptcy may be the ideal solution to ease your financial burden. This article will provide an in-depth look at Chapter 7 bankruptcy for small business owners, including the process, advantages, …

Bankruptcy vs. Defaulting on Debt

Dec 16, 2024 | Bankruptcy, Christopher Stanfield

When facing overwhelming debt, individuals often find themselves at a crossroads, considering whether to default on their debt obligations or seek relief through bankruptcy. Each option has significant consequences, but bankruptcy can often provide a more favorable outcome. It offers the possibility of a fresh start, better long-term prospects for rebuilding credit, and overall financial …