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What is the role of Bankruptcy Trustee?
A person who files bankruptcy will likely never meet or speak with the countless people involved in their bankruptcy, such as their creditors and, in most cases, the Bankruptcy Judge assigned to their case. However,…
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…
Debts That Are Not Included When Filing Bankruptcy
While bankruptcy is an excellent way to give yourself a fresh financial start, it cannot discharge all of your existing debts. Some debts simply must be paid, and these will not be discharged during your…
Filing Issues to Consider when Pre-Bankruptcy Planning
Filing for Chapter 7 or Chapter 13 bankruptcy is a big step. However, if handled correctly, it can mean a fresh financial start for you. With some careful planning before you file, you may be…
Tips to Filing an Emergency Chapter 7 Bankruptcy Claim
We know that the decision to file for bankruptcy is never an easy one. Most people give it a lot of consideration before taking the step. However, in some cases you don’t have that luxury….
Common Issues Faced by Companies Who Filed Bankruptcy
This blog will discuss the issues faced by companies filing for both Chapter 7 and Chapter 11 Bankruptcy. First, though, let’s cover the differences between the two types. When a company files for Chapter 7, it…
The Process for Filing Chapter 7 Bankruptcy
Filing for Chapter 7 bankruptcy is not a very complicated process, however, failure to do it properly can make things more difficult than they need to be. A huge bulk of the process involves filing…
What Is the Means Test?
Before you can file for Chapter 7 bankruptcy, you must pass something called the means test. This test determines whether your income is low enough for you to qualify to file Chapter 7 bankruptcy under…
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