Category:
Bankruptcy

Couple sitting hand calculating expenses representing bankruptcy debts.

Does Bankruptcy Clear All Debt?

By Michael Knisley | March 13, 2025

Does bankruptcy clear all debt is a simple question that ought to have a simple answer, don’t you think? But sadly, it doesn’t, unless you find the clarity you seek…

Concept For Corruption, Bankruptcy Court with Gavel, Bundle Of Dollar Cash On The Rough Wooden Textured Table Background.

What is Bankruptcy Fraud?

By Bill Fay | February 21, 2025

Bankruptcies are increasing in the U.S., which means financial dishonesty is also on the rise. The legal term is “fraud,” which is an all-purpose word for lying, cheating, or other…

Paper with Wage Garnishment on a table.

Filing For Bankruptcy to Stop Wage Garnishment

By George Morris | December 2, 2024

To put it simply, wage garnishment is a pain. Having taxes taken out of your paycheck is an unpleasant part of every worker’s life, but having another big chunk of…

Bankruptcy reaffirmation agreement paper with glasses on top.

What Is a Reaffirmation Agreement?

By Bill Fay | October 29, 2024

Anyone new to bankruptcy can’t be blamed for thinking the whole process equals doom, gloom, and forfeiture. After all, filing bankruptcy is not going to look good on your resumé…

A toy car next to a judge's gavel

When Do You Have to Surrender a Vehicle in Chapter 7 Bankruptcy?

By Bill Fay | December 14, 2023

For those seeking a fresh financial start, Chapter 7 bankruptcy has plenty of upsides. It’s the cleanest, most straightforward, least time-consuming, and least expensive of the various bankruptcy options. The…

Couple discussing bankruptcy together

How Bankruptcy Will Affect Your Spouse

By Bill Fay | December 6, 2023

When people get married, they often vow to take each other through thick and thin. Bankruptcy can get pretty thick for a husband and wife. Bankruptcy is when a person…

Document denying a chapter 7 bankruptcy

Can Chapter 7 Bankruptcy be Denied?

By Maureen Milliken | September 6, 2023

The “fresh start” that Chapter 7 bankruptcy promises people who have more debt than they can pay, is not guaranteed. Chapter 7 bankruptcy may be denied, possibly for reasons that…

Attorney discussing converting Chapter 13 to Chapter 7 with his client

Converting Chapter 13 to Chapter 7

By Bill Fay | August 23, 2023

Choosing to declare personal bankruptcy can be among the most difficult decisions ever to confront an individual. Tougher still: Having to pick, under unmatched duress, which type of bankruptcy best…

Chapter 13 trustee sitting at a desk across from someone declaring bankrutpcy

Chapter 13 Trustees

By Robert Shaw | July 14, 2023

A Chapter 13 bankruptcy filing is a debt reorganization plan that offers a path to solvency for people in financial crisis and something else almost as appreciated – a respite…

Judge discharging debt in bankruptcy

Bankruptcy Discharge

By Bill Fay | June 7, 2023

A bankruptcy discharge is the legal holy grail for anyone who files for bankruptcy. A discharge means there’s a court order in the bankrupt’s case that erases all qualifying debts.…