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Navigating Life After a Bankruptcy Discharge

Navigating Life After a Bankruptcy Discharge

If you recently received a discharge following either a Chapter 7 or Chapter 13 bankruptcy, you are probably excited for a new beginning and a second opportunity to build a strong credit score. Making mistakes during this process, however, can lead to substantial complications. To make sure that you navigate this period successfully and rebuild your credit as strongly and quickly as possible, consider the following critical tips for life after bankruptcy.   Keep Copies of Bankruptcy Documents[...]

Six Things Everyone Should Understand About Bankruptcy

Six Things Everyone Should Understand About Bankruptcy

  When most people encounter financial difficulties, they view bankruptcy as an opportunity to build a new credit history. As a result of the coronavirus pandemic and its ensuing chaos, an unprecedented number of people are finding themselves facing financial difficulties and considering filing for bankruptcy. The following reviews some critical things that you should understand before you pursue bankruptcy as a method of taking control of your debt.   Bankruptcy is Not Embarrassing[...]

Dealing with Debt During the Coronavirus Outbreak

  If you are dealing with debt during the coronavirus outbreak, it is important to remember that you are not alone. It also helps to realize that there are some critical things that you can do to take control of any debt that you might have.  To help you take control over your debt during this difficult time, this article reviews some helpful reminders. Maintaining Your Federal Student Loans The Coronavirus Aid, Relief, and Economic Security (CARES) Act, H.R. 748, was signed into law on Ma[...]

Four Strategies for Rebuilding Your Post-Bankruptcy Credit

If you recently went through the Chapter 7 or Chapter 13 bankruptcy process, you likely have been left with many questions about what your life will be like now. Many people worry about their credit scores and whether they will ever be able to buy houses or motor vehicles. One of the most common things our clients wonder about is what steps they can take to improve their credit score. The following will review a few helpful steps you can take after a bankruptcy discharge to make the most of your[...]

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 in contempt for violating a discharge order only when there are no fair grounds of doubt as to whether the creditor’s conduct during discharge is lawful. [...]