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Money is one of the most common causes of divorce. More precisely, lack of money or lack of control over spending money is one of the most common causes of divorce. Many people think if they [...]

There is more than one choice when filing bankruptcy. There are actually six types of bankruptcies, but only four are available to individuals. The two most common types are Chapters 7 and 13. [...]

Shortly before the Christmas recess, Senators Elizabeth Warren (D-MA), Dick Durbin (D-IL), and Sheldon Whitehouse (D-RI), introduced a bill entitled the Consumer Bankruptcy Reform Act of 2020 [...]

Sometimes only one spouse has the bulk of the debt. Perhaps a business owned by one spouse failed and that spouse wants to file bankruptcy, but for whatever reason, the other spouse doesn’t want [...]

In Chapter 13 a debtor makes monthly payments to the Chapter 13 trustee rather than have the Chapter 7 trustee liquidate her non-exempt property. The question often comes up “what will my Chapter [...]

In yesterday’s post, we talked about having to qualify for Chapter 7 or 13. For most individuals, the choices in filing bankruptcy are these two: 7 or 13. I mentioned that it’s possible a debtor [...]

I see this question in various forms quite often. There are four main chapters (types) of bankruptcies and how and whether you qualify depends on each. Chapter 7 This is what most people think of [...]

This is always a big question on people’s minds when they finally make the decision to file bankruptcy. Who should they tell? Who must they tell? Who will find out and how? How Many People [...]

People often don’t realize that there is more than one choice when filing bankruptcy. There are actually six types of bankruptcies, but only four are available to individuals. The type of [...]

The economy is starting to reopen, but for millions of Americans, it’s already too late. If you’ve noticed, much of the news coverage for Covid-19 is focusing on the economic devastation caused [...]