Jun 24, 2024 | Bankruptcy, Christopher Stanfield
Are you thinking about filing Chapter 7 bankruptcy and wonder about what will happen after you file? While each bankruptcy case is unique because of a filer’s financial circumstances, most Chapter 7 bankruptcies go through the following process. Issue of Automatic Stay As soon as your bankruptcy case is filed, the court issues an automatic …
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Jun 3, 2024 | Bankruptcy, Christopher Stanfield
Small business owners often face the challenge of overwhelming debt. When dealing with mounting debts and a struggling business, Chapter 13 bankruptcy can provide a viable solution. This article will explore the intricacies of Chapter 13 bankruptcy for small business owners. What is Chapter 13 Bankruptcy? Chapter 13 bankruptcy, a repayment plan or wage earner’s …
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May 20, 2024 | Bankruptcy, Casey Taylor
Legally, you do not have to have an attorney help you file for bankruptcy. You can complete all the paperwork, notifications, meetings with trustees, and all other steps in the process on your own. But, just because you can does not mean you should. Bankruptcy is a complicated process. Bankruptcy laws are numerous and can …
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May 13, 2024 | Bankruptcy, Casey Taylor
For individuals facing financial difficulties, Chapter 13 bankruptcy provides a viable solution to reorganize their debts and regain control of their financial future. However, timing plays a critical role in the success of a Chapter 13 bankruptcy case. This blog post will explore the significance of timing in a Chapter 13 bankruptcy, highlighting the benefits …
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Apr 29, 2024 | Bankruptcy, David G. Poston
Many of those considering filing bankruptcy often question if they should inform their creditors prior to filing. Like most answers about filing bankruptcy, the correct answer depends on each individual’s financial circumstances. But, the following is a good rule of thumb. Telling Creditors before Filing Bankruptcy Most often, debtors should not let their creditors know …
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Apr 15, 2024 | Bankruptcy, David G. Poston
Filing for bankruptcy can be a daunting and often distressing process for individuals facing overwhelming debt. Bankruptcy is a legal procedure designed to provide relief to those who find themselves unable to meet their financial obligations. However, what many may not realize is the critical role tax returns play in this process. In this blog …
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Apr 1, 2024 | Bankruptcy, Christopher Stanfield
Are you burdened by financial hardship, and want to file for bankruptcy, yet wonder how doing so may affect your obligation to pay child support or alimony? This article will look at how bankruptcy affects child support and alimony payments, the differences between Chapter 7 and Chapter 13 bankruptcy, and options you may have for …
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Mar 18, 2024 | Bankruptcy, Casey Taylor
Should I file or should I wait? That’s a question many of those contemplating filing bankruptcy may ask themselves. They struggle with their finances and wonder if filing bankruptcy could be the needed answer to their financial issues. But, they are afraid to take the step, unsure if it is the right time for them …
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Feb 19, 2024 | Bankruptcy, Christopher Stanfield
If you are dealing with financial hardship, filing for bankruptcy could help relieve your burden. You could resolve your debts and regain control of your financial situation. But, if you have tax debt is important to understand how that bankruptcy can have implications for your tax debt. This article will explore the impact bankruptcy has …
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Feb 5, 2024 | Bankruptcy, Casey Taylor
If you’re considering filing for Chapter 13 bankruptcy, you may wonder how much of your debts you’ll have to repay. In this article, we will look at the factors that determine the percentage of debts you will pay back, and what you need to know before pursuing this option. Understanding Chapter 13 Bankruptcy Chapter 13 …
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