Bankruptcy Law

How Does Business Bankruptcy Differ from Personal Bankruptcy?

Tuesday, October 15th, 2019

If your business is suffering, you may be considering filing for bankruptcy. While business bankruptcy and personal bankruptcy both serve as a way of reducing, restructuring, or eliminating debt to make it easier to become financially stable, the two processes are slightly different. Here are a few of the key differences between personal and business...  read more

What Is the Bankruptcy Means Test?

Monday, September 30th, 2019

If you’re thinking about bankruptcy, one of the things you need to know about and understand is the bankruptcy means test. This is the test that determines if you are eligible for Chapter 7 bankruptcy. If you are, then you can have some of your debt forgiven. If you are not, you have to file...  read more

Understanding Bankruptcy Fraud

Thursday, August 15th, 2019

Filing for bankruptcy can be a good option for a number of people, but the process only truly works if you’re completely honest about your financial situation and your assets. If you’re not, you’re committing bankruptcy fraud, and that can lead to a number of large fines or even jail time. But what is bankruptcy...  read more

How Does Bankruptcy Affect Student Loans?

Monday, July 15th, 2019

If you’re thinking about filing for bankruptcy, you need to understand how it will affect all of your debt. This includes your student loan debt. While it’s often very difficult to have your student loans wiped away during Chapter 7 bankruptcy, it’s not completely impossible. However, it is important that you go into the bankruptcy...  read more

Bankruptcy Isn’t Always a Sign of Financial Irresponsibility

Saturday, June 15th, 2019

If you’ve filed for bankruptcy in the past, you probably told as few people about it as possible. Almost everyone sees bankruptcy as an embarrassment and as a sign of financial failure. After all, declaring bankruptcy does appear to be tantamount to saying that you’ve been so horrible with your money that you can never...  read more

Will Bankruptcy Make it Harder to Find Work?

Saturday, June 1st, 2019

If you’re thinking about filing bankruptcy and are considering changing jobs in the near future, you may wonder if you’ll easily be able to do so. Bankruptcy does have a major effect on your credit, but how much of an effect does your credit have on potential employment opportunities? Will any new potential employer be...  read more

How Will Bankruptcy Affect My Children?

Wednesday, May 15th, 2019

Filing for bankruptcy can have a ripple effect that spreads beyond your personal finances. It may affect your spouse, and it can even affect your children. If you’re considering bankruptcy as a way of handling debt, you should understand how it can affect your children and their future as well as your own. Your Children’s...  read more

My Spouse Has a Bankruptcy in their Past – Will it Affect Me?

Monday, April 15th, 2019

If you’re planning on getting married or are already married and learn that your significant other has declared bankruptcy in the past, you may be concerned about how it will affect you. You’ve worked hard on your credit score and credit history, and you don’t want it to be destroyed by something your spouse did...  read more

How Does Filing for Bankruptcy Affect My Tax Return?

Friday, March 1st, 2019

When you file for bankruptcy, you may think it’s a one-time action, but it’s not. Bankruptcy will follow you for years, and the consequences of filing can impact your ability to join the military, work in certain sectors, and get loans. That doesn’t mean bankruptcy isn’t the best course of action at times—it can certainly...  read more

Can I File for Bankruptcy During My Divorce?

Friday, February 15th, 2019

Dealing with a divorce is never easy, and it often puts you in a very difficult place financially. If you and your soon-to-be-ex have already started separating your incomes, you may already be operating off a budget smaller than what you’re used to. Divorce also means paying a number of legal fees. This can leave...  read more

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