Archive for November 2017
What an automatic stay is and how it can keep debt collectors away
When a debtor files bankruptcy, a “legal shield,” called an automatic stay, goes into effect immediately. It serves to stay, or stop, all collection efforts in effect at the time of the bankruptcy filing. One…
Read MoreWhy hiding assets is a bad idea when filing bankruptcy
You have likely heard the expression that “Honesty is the best policy.” Not only is that true, but telling the truth is absolutely necessary when it comes to filing bankruptcy. Lying in a bankruptcy case…
Read MoreWhat to expect when going to court for a Chapter 7 bankruptcy
It is natural for people to worry about what to expect when they go to court for their Chapter 7 bankruptcy’s “341 Meeting,” also known as the “Meeting of Creditors.” Concerns about a creditor or…
Read More