Bankruptcy, Disability & Injury Blog | Brock & Stout Attorneys at Law

Special Bankruptcy Exceptions for Active and Veteran Military Members

Apr 17, 2023 | Bankruptcy, Casey Taylor

Members of the military, current, and veteran, have sacrificed a lot for their country. Unfortunately, economic hardship is often a consequence of those sacrifices. The federal government understands this consequence. Lawmakers have instituted laws to help military members certain debt collection actions. The Servicemembers’ Civil Relief Act (SCRA) provides some protections to active-duty military dealing …

What is the Difference between a Property Lien and a Judgment Lien?

Apr 3, 2023 | Bankruptcy, Casey Taylor

When you are in debt and dealing with creditors, you may hear and see many terms that can confuse you. The terms “property lien” and “judgment lien” are two such terms. While these terms relate to each other, they do not mean the same thing. The distinction between the two terms depends on how a …

2 Ways Chapter 13 Bankruptcy Could Help You

Mar 20, 2023 | Bankruptcy, Casey Taylor

Chapter 13 Bankruptcy is known as a reorganization of debt. It helps debtors reorganize their debt and pay them off through a bankruptcy court structured repayment plan. Depending upon a debtor’s financial situation, they could have their unsecured debt (i.e. credit cards and medical bills) paid off and secured debts (i.e. mortgage and car payments) …

What Happens to Debt After Filing Bankruptcy?

Mar 1, 2023 | Bankruptcy, Spencer W. Jones

Bankruptcy is a powerful legal tool that can help individuals and businesses overcome overwhelming debt by providing them with a fresh start. Filing for bankruptcy can seem like a daunting process, but it can be beneficial in the long run. This article will discuss what happens to debt after filing for bankruptcy and how it …

Student Loan Bankruptcy Discharge Could Now Be Easier

Feb 20, 2023 | Bankruptcy, Spencer W. Jones

The process for obtaining a discharge of federal student loans through bankruptcy has been long and difficult for over a decade. However, times are changing and newly issued guidance to the Department of Justice (DOJ), in connection with the Department of Education (DOE), has laid the groundwork for a more streamlined path for borrowers to …

Reducing Your Car Payment through Chapter 13 Bankruptcy

Jan 30, 2023 | Bankruptcy, David Poston

Are you behind on your car payment? Is your car payment larger than your budget allows? Do you fear that your car may soon be repossessed? If you answered yes to any of these questions, Chapter 13 bankruptcy assist you in reducing your car payment to a manageable level that you can pay every month. …

Bankruptcy and Divorce: How Does One Affect the Other?

Jan 16, 2023 | Bankruptcy, Casey Taylor

Ordinarily, a couple with financial problems could simply file bankruptcy and get a financial fresh start. But a couple contemplating divorce should first consider how filing bankruptcy could affect their divorce and vice versa. The timing of filing bankruptcy and divorce affects different aspects and outcomes of each procedure. Here are some ways bankruptcy and …

Dealing with Creditor Harassment after Bankruptcy

Jan 2, 2023 | Bankruptcy, David Poston

Let’s face it, one of the worst parts about delinquent debt is the constant creditor harassment about to pay your debt. You know the creditor wants its money and you really want to pay. Unfortunately, you may not have the exact amount that is owed. You try to explain to the collector that you do …

Does Filing Bankruptcy Affect Social Security Benefits

Dec 12, 2022 | Bankruptcy, Casey Taylor

Do you receive Social Security Disability (SSDI) benefits and feel by debt? You are not alone. Many of those receiving SSDI benefits find themselves overwhelmed by debt. Have you thought about filing bankruptcy but do not know how filing may affect your benefits? The exact effect bankruptcy will have on your benefits depends on your …

Can You File Bankruptcy on Student Loans?

Nov 7, 2022 | Bankruptcy, Casey Taylor

According to the latest statistics, almost 45 million Americans owe an estimated $1.75 trillion in student loans. They took out these loans in good faith to help them pursue a college degree and secure a better future for themselves and their families. However, many have found it increasingly difficult to pay off their student loan …

Legal Blog

Bankruptcy(176 articles)

Special Bankruptcy Exceptions for Active and Veteran Military Members

What is the Difference between a Property Lien and a Judgment Lien?

2 Ways Chapter 13 Bankruptcy Could Help You

What Happens to Debt After Filing Bankruptcy?

Student Loan Bankruptcy Discharge Could Now Be Easier

Reducing Your Car Payment through Chapter 13 Bankruptcy

Bankruptcy and Divorce: How Does One Affect the Other?

Dealing with Creditor Harassment after Bankruptcy

Does Filing Bankruptcy Affect Social Security Benefits

Can You File Bankruptcy on Student Loans?

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