Category:
Bankruptcy

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.…

Judge discharging debt in a chapter 13 bankruptcy

Chapter 13 Bankruptcy Discharge

By Robert Shaw | May 25, 2023

The end game in filing Chapter 13 bankruptcy is a discharge order signed by a judge that releases the debtor of all qualifying debts and prohibits creditors from attempting to…

Bankruptcy trustee investigating a document with a magnifying glass

What Do Bankruptcy Trustees Look For?

By Maureen Milliken | April 29, 2023

A bankruptcy trustee oversees a bankruptcy filing and plays a major role in determining if a case goes forward. Trustees are appointed by the bankruptcy judge to look for assets…

Man walking into living room

What Happens to Your House in Chapter 13 Bankruptcy?

By Sarah Brady | March 15, 2023

You’ve probably heard that filing bankruptcy has major drawbacks, which it does. Filing can cause a significant drop in your credit scores and make it more difficult to get approved…

Man discussing with lawyer about debt limits for chapter 7 bankruptcy

How Much Debt Do You Have To Be In to File Chapter 7 Bankruptcy?

By Bill Fay | February 24, 2023

If you have so much debt that you’re considering filing a Chapter 7 bankruptcy, you have enough debt to qualify. The U.S. bankruptcy code doesn’t specify a minimum dollar amount…

Image of a stop watch ticking down the amount of time it takes for bankruptcy to come off credit report

When Does Bankruptcy Come Off Your Credit Report?

By Pat McManamon | August 26, 2022

Bankruptcy may be a solution to financial woes, but it is a sticky solution because it stays on your credit report for 7-10 years. If you file Chapter 7 bankruptcy,…

Filling out the petition to file bankruptcy form yourself

DIY Bankruptcy

By Maureen Milliken | August 25, 2022

Bankruptcy is a legal process that can provide financial relief to a person or business that is unable to pay their outstanding debts. It is not a “simple” legal process.…

Couple weighing the pros and cons of filing bankruptcy

Pros and Cons of Filing Bankruptcy

By George Morris | July 28, 2022

You may think bankruptcy is either a disaster or a magic bullet that makes the consequences bad financial decisions disappear. It is neither. Bankruptcy is a legal process that allows…

Bankruptcy lawyer explaining to clients about taxes

Does Bankruptcy Clear Tax Debt?

By Robert Shaw | July 28, 2022

You’ve probably heard bankruptcy likened to a financial lifeline. Harassing phone calls from creditors stop. Having waves of debt washed away – not without consequences, mind you – can nevertheless…

Senior couple filing the paperwork for banruptcy

Senior Citizens & Bankruptcy

By Bill Fay | June 29, 2022

Bankruptcy is a legal proceeding that could provide relief when a person can’t repay debts. Consider bankruptcy a legal life preserver for those drowning in debt. Chapter 7 bankruptcy is…