Most of us tend to think that the only people who have money problems are those of us with lower paying jobs. But the truth is people from all walks of life experience financial pitfalls, and need help getting back on track from time to time. It might be that
Filing for bankruptcy is an option many distressed consumer debtors turn to when they are having a hard time paying all of their bills. But there are a lot of choices to make, once the choice to file is initially made, and knowing a bit about how the process works
Most people know that there are certain “chapters” of bankruptcy, but are less clear on what that means. The idea is actually pretty basic, the chapters refer to the actual chapter of the bankruptcy law. So a Chapter 7 case is simply one that follows the rules of chapter 7
When people think about bankruptcy and how filing a case will impact their property, one of two thoughts is likely. The first is that you can file a case and keep all of your stuff without paying, and the second is that if you file for bankruptcy you will not
If you are experiencing difficulty paying all of your monthly bills, you might be thinking about filing for bankruptcy. And, if you are thinking about filing for bankruptcy you probably have a lot of questions about the process. There are two main types of consumer bankruptcies, and either one will
If you have not filed bankruptcy before, or even been to Court for something minor like a traffic ticket, going to the halls of justice can be scary. But if you know what to expect you can better prepare yourself, and the experience can go smoothly. The first part to
There are two types of bankruptcy available to consumer debtors. You can file a bankruptcy under Chapter 13 and doing so will work to reorganize your debt into a plan of repayment. This plan will include repayment of your secured debt such as your home loan, and also require you
Knowing what to expect out of a difficult situation can make getting through it easier. When the difficulty involves your finances it is especially nice to know what to expect if you are trying to figure out how to pay your debts. When considering bankruptcy it is helpful to know
The purpose of filing bankruptcy is to give the “honest, but unfortunate debtor” a fresh financial start. It is hard to do this if you come out of bankruptcy with close to the same debt load as when you filed your case. When you file bankruptcy, you have a choice
Clients frequently ask that question of Dsouza and Strachan Lawgroup. However, the answer depends upon many factors, and each individual’s legal situation is different; as such, we review the facts on a case-by-case basis.
A bankruptcy filed too early could result in the loss of property, which otherwise might have been retained. A
