Our modern bankruptcy law has a long history dating back to the Mosaic Law under which debts owed by members of the Jewish community were forgiven every seven years, a year known as the Sabbatical Year.  The seventh Sabbatical Year was followed by the Year of Jubilee, whereby all debts were mandated to be forgiven…

When filing for bankruptcy protection, you are required by Federal law to list all your property, regardless of whether you owe anything on that property.  Many people think that if they list property in their bankruptcy case, they will lose it, so they avoid filing for bankruptcy protection.  Bankruptcy exemptions are designed to protect your…

When you go through a bankruptcy for the first time, you’re stepping into the unknown. Even with an attorney to help you, you might get anxious about some of the formal-sounding terms, processes, and documents that you encounter on a daily basis.

During the holiday season, it’s easy to get into a generous spirit. You buy presents, host big parties and dinners, and travel to visit faraway relatives. But like a hangover, the bills that you see a few days after the holidays might make you wish the holidays never happened.

Worried about bankruptcy ruining your chance of ever getting a credit card again? When filing for bankruptcy, it seems like you’ve got a choice between two evils: stay in your painful financial situation or go down a path that seemingly ruins your credit permanently.

Until you file for bankruptcy or know someone who files, it’s easy to hold a stereotypical idea about bankruptcy filers. You might think they’re young people who wildly spend too much money and now suffer the consequences of college and credit card debt. You might think of a low-income family who cannot make ends meet…

Bankruptcy is one of those experiences in life that sounds horrible. Even the word “bankruptcy” has a final, ominous sound to it, like a door closing in your face. Because people’s entire financial lives are geared toward avoiding bankruptcy, most people don’t know what bankruptcy actually entails. As a result, many scary myths have cropped…

As the most common type of bankruptcy in the United States, Chapter 7 bankruptcy will fit your needs if your household earns below the median income in the state where you live or if your household passes a “means test”—a special calculation that allows you to file if the household income is considered low despite…

Filing for bankruptcy can be intimidating and many people are ashamed of doing it. A real issue, though, is not using the help of a lawyer as the process can be a bit tricky. Missing deadlines, required forms slipping through the cracks and not understanding certain rules or terms can be detrimental. Another issue is…

If you are in need of legal help with foreclosures, repossessions or creditor harassment, or, you have questions about filing for bankruptcy, you need to have the right representation. With a lawyer who knows the ins and outs of bankruptcy, you’ll have a much easier time of getting paperwork in at the right time and…

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