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In Chapter 7, you as the debtor will be able to get rid of debts through a process of liquidation process. Some of your assets will then be sold to settle your debts. State bankruptcy laws normally require people to pass a means test to disqualify debtors who may be able to pay back some…
Read MoreIt’s no secret that filing for bankruptcy is no easy feat. What makes it more difficult, however, is being misinformed about the whole process. Surprisingly, this isn’t exactly impossible: everyone can have easy access to information about bankruptcy, though some of it is just plain wrong.
Read MoreMost cases of bankruptcy are initiated by the debtor, but did you know that creditors could also file a bankruptcy case against a consumer? This is known as an involuntary bankruptcy case, and these are extremely rare, though this doesn’t mean it won’t happen to you.
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Read MorePeople often think that seeking attorney bankruptcy services is an end to what was once a prosperous and bountiful life. We certainly do meet a lot of these people in our line of work, but we also encounter those that view bankruptcy as something positive and life-changing. Declaring bankruptcy is actually a right of every…
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