Bankruptcy Topics and Information

What is a debt settlement company? You may have seen their ads on TV. The debt settlement company sales pitch is usually something along these lines: That for a fee they will use their established relationship with your creditors to reduce your debt by 50% or more. They often promise that your financial troubles will

What if my prior case was dismissed? Typically we are able to file bankruptcy cases for individuals whose prior case was dismissed before they received a discharge. There are some circumstances where you might be prevented from re-filing for a certain period of time. Generally speaking, individuals are prevented from filing for bankruptcy protection if

What happens to credit card debt in bankruptcy? Credit card debt is typically unsecured debt.  Unsecured debt means that the debt is backed by your promise to pay.  On the other hand, secured debt is backed by an asset such as a car or house, which can be repossessed or foreclosed upon after non-payment.    A

Credit can mean many things.  When we talk about hurting our credit in bankruptcy we are generally referring to our ability or inability to borrow money.  When a bank is trying to decide whether to loan money or extend credit to someone, they will usually look at a credit report or the credit score for

Chapter 13 bankruptcy is sometimes referred to as a “wage earner’s plan” or a “reorganization.” A chapter 13 bankruptcy provides an opportunity to reorganize finances without having to liquidate or sell any assets.  As discussed below, Chapter 13 is often a good option for protecting valuable assets such as a home or car from foreclosure