Bankruptcy Myths

Common Bankruptcy Myths

Most people have a negative association with the word bankruptcy.  However, often what you heard is misleading and misinformed statements from people who are not well versed in bankruptcy law. Many very successful people and businesses have filed bankruptcy and have gone on to become very prosperous. Bankruptcy Will Ruin My Credit Generally, if you’re [...]

Negotiate With a Chapter 7 Trustee, Not The Credit Card Company

You Have Valuable Property But Need to File Bankruptcy, What to Do? So you have some excess equity in your car of some other assets, but you cannot afford a Chapter 13 repayment plan and your income is under the median income for your family size. You still need a bankruptcy discharge to get a [...]

What City and State Should I File for Bankruptcy In?

What City and State Should I Look For a Bankruptcy Attorney In? Maybe you have recently relocated to be closer to family or friends, were forced to move for a job or, simply have ties to two locations. To make matters a little more uncomfortable, you’re in financial distress and are considering hiring a bankruptcy [...]

How Oscar Wilde Can Help You Find the Best Bankruptcy Attorney

Look for value when selecting a bankruptcy attorney If you’re considering bankruptcy as an option for dealing with mounting debt, and are in the process of looking for an attorney, you may want to stop and take a moment to read Oscar Wilde. No, I don’t suggest looking through Wilde’s plays, books and poems because [...]

How can I tell if my student loan debt is dischargeable in bankruptcy?

Student loan debt and bankruptcy The topic of student loan debt and bankruptcy: most every bankruptcy and personal finance related website out there has written about it on numerous occasions. In fact, I authored a comprehensive post on the subject just a few weeks ago for this site. However, the rules are worth repeating because it [...]

Can I be Denied a Job Because of Bankruptcy? The Answer May Hinge on Whether Your Employer is Public or Private

I Need to File Bankruptcy, But I’m Worried About My Job…Can I Get Fired? If you have a job, need to file bankruptcy, and are worried about getting fired because of it, you probably shouldn’t be. The bankruptcy code prevents employers from firing you just because you have filed for bankruptcy. However, if you are [...]