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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…
Why 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…
What 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…
My only income is Social Security. Should I still consider bankruptcy?
We often meet with people with debt problems whose only income is Social Security benefits. In some cases, they are “judgment proof”. That is, there is no way for their creditors to collect. Other than…
Do I have to file a bankruptcy jointly with my spouse?
No, you are not required to file a joint bankruptcy case with your spouse. You can file individually, you each could file separate cases if you wish, or you can file a joint case. This…
I may need to file a bankruptcy case. Will I lose my property?
Many people have the mistaken idea that they will lose all their property if they file a bankruptcy case. NOT TRUE! There are exemptions allowed for many different assets. morganlawyersMorgan Lawyers
Why Americans are Filing For Bankruptcy at High Rates
Filing for personal bankruptcy is not an easy decision. While credit card balances that have gone out of control can lead to bankruptcy, the number one reason Americans are filing for bankruptcy today is because…
When Debt is Ruining Your Life: The Benefits of Filing for Personal Bankruptcy
There are many reasons you may find yourself stuck in a pile of debt that keeps on growing. Life is expensive, and even when you work hard, debt can become unmanageable. When you are trying…
What Life Is Like After Bankruptcy
While filing for bankruptcy helps you feel like you can breathe again, there are still some challenges you’ll need to overcome. Two of the biggest problems you will face is that your credit rating will…
Why It's a Bad Idea to Tackle Your Credit Card Debt By Only Making Minimum Payments
If you have recently lost a job, and you have bills piling up, there are solutions. Whether you have recently started missing payments, or you are months behind, trying to pay off credit card debt…
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