The Intersection of Bankruptcy and Divorce: What You Need to Know Filing for bankruptcy during divorce is a significant decision that can have wide-ranging impacts on various aspects of your life. While filing for bankruptcy doesn’t affect child custody or support actions, it can influence the division of property during a divorce. Understanding how bankruptcy...Read More
Are you unsure whether it’s better to file for divorce or bankruptcy first? The decision between Divorce & Bankruptcy can be complex, and several factors should be considered to make an informed choice. Proper planning can make both your bankruptcy and divorce proceedings smoother and less expensive. Here’s what you need to know about navigating...Read More
Basics of Bankruptcy & Tax Debt The federal bankruptcy laws can protect you from creditors and relieve you of many debts. Tax debt is handled differently than other types. Taxes are often referred to as “non-dischargeable priority debts” in bankruptcy. This means that bankruptcy will not eliminate the debt, and repayment takes precedence over claims...Read More
Chapter 13 bankruptcy, also known as a “wage earner’s plan,” provides a financial lifeline for individuals with regular income who find themselves in over their heads with debt. This chapter of the Bankruptcy Code offers several unique benefits that help individuals manage, and ultimately overcome, their debt burdens. BOOK A FREE CONSULTATION NOW! What is...Read More
How Do You Handle Bankruptcy After Divorce? Many people find themselves in financial trouble after a divorce. Sometimes, the income of a couple is sufficient to support a household. However, when they live separately, it’s difficult to get by. The financial burden of a divorce agreement can be too great for some people. Our firm...Read More
Positive Aspects of Bankruptcy: Embracing Financial Relief and Renewal In today’s complex financial landscape, bankruptcy often carries a stigma of failure and financial ruin. However, it’s important to recognize that bankruptcy can offer significant benefits and serve as a viable solution for individuals and businesses facing overwhelming debt. BOOK A FREE CONSULTATION NOW! A Bankruptcy!...Read More
Why Do People File Bankruptcy? For What Reason? Bankruptcy is pursued for various reasons, each unique to the individual’s financial circumstances. People may consider filing for bankruptcy due to financial hardship, overwhelming debt, or the need for a fresh financial start. When faced with insurmountable debt, individuals may seek relief through bankruptcy proceedings. But what...Read More
Understanding the intricacies behind bankruptcy can be difficult for anyone who finds themselves in a similar situation. Although many people fear bankruptcy, it can serve as a means to recover financially and take control of one’s financial standing. This comprehensive guide demystifies bankruptcy and its many facets, including the different types of bankruptcy, the filing...Read More
How much does it cost to file bankruptcy? Although bankruptcy is a viable option for overwhelming debts, it does come with its own costs. You will not only pay for the short-term cost of filing bankruptcy and hiring an attorney but also have to deal with the long-term financial consequences. Attorney fees range from $750...Read More
When a court orders wage garnishment, it means that your employer will withhold a certain portion of your pay and send it to your creditor until you have paid your debt. What is wage garnishment? Wage garnishment is often used to pay for child support, student loans, and consumer debts. You will have your wages...Read More
