Veteran Disability Benefits Now Protected from Bankruptcy

  In August 2019, President Trump signed legislation that protects veterans’ disability benefits from being seized by creditors during bankruptcy proceedings. The sponsor of the bill commented that by protecting these benefits from creditors during bankruptcy, it is possible to help veterans and their families get back on their feet after financial hardships. This article […]

How are  Chapter 13 Bankruptcy Payments Calculated?

Beginning the Chapter 13 bankruptcy process often results in people experiencing many emotions concerning fear about what lies ahead. One of the best ways to reduce the negative feelings that you feel about the bankruptcy process is to learn as much as you can about it ahead of time. The following answers one of the […]

Supreme Court Issues Decisions About Bankruptcy Discharge Violations

In 2019, the Supreme Court issued a unanimous opinion establishing the standard that courts must follow to hold a creditor in civil contempt for violation of a bankruptcy discharge. Arriving at its decision, the Supreme Court rejected both the subjective and strict liability standards. As a result, courts are now permitted to hold a creditor […]

What to Know Before Filing for Bankruptcy

  Life is hectic. If you find yourself unable to face some of the debts that you owe, remember that you are not alone. For many people, filing for bankruptcy can offer substantial relief and a second opportunity to rebuild credit. While a bankruptcy lawyer can handle the legal issues involved with your case, it can […]

Tips on Handling Student Loan Debt

  Statistics reveal that Americans owe approximately $1.6 trillion in student debt with 44.5 million of the individuals facing monthly student loan bills. While an average undergraduate borrower in 2017 owed $28,650, more than 2.5 million individuals have $100,000 or more in combined debt. These serious debts can cause some individuals to struggle with substantial […]

How the Bankruptcy Process Impacts Your Inheritance

  Deciding to pursue bankruptcy is never simple or easy. For many people who are suddenly faced with an overwhelming amount of debt, bankruptcy can be the best option, though still feel intimidating. Ultimately, bankruptcy allows an individual the opportunity to escape debt and create a better financial future.  The decision to pursue bankruptcy can […]

Converting from Chapter 13 to Chapter 7 Bankruptcy

One of the most common questions asked by people navigating the bankruptcy process is what type of bankruptcy is best for them. Many people overlook the fact that what type of bankruptcy works best can change during the process. If an individual is no longer able to afford Chapter 13 bankruptcy payments, it is possible […]

What Happens After You File for Bankruptcy?

Many people view bankruptcy as a last resort when it comes to taking control of their financial debts. Despite the value that many people place on the bankruptcy process, most individuals do not know very much about what the bankruptcy process involves. The following will take a brief look at the difference between what happens […]