Why It’s Important to Hire a Bankruptcy Attorney
Having the right bankruptcy attorney on your side is crucial to the success of your case. Going it alone isn’t a wise option as bankruptcy can be a very complicated process. There are all sorts of advantages to hiring an experienced bankruptcy attorney, and this post highlights a few of those.
How Does Business Bankruptcy Work?
There are three main types of bankruptcies and they have different effects on businesses and their owners. Whether you’re looking at Chapter 7, 11, or 13, you’ll want to consult a professional bankruptcy attorney to learn more about which option is best for you.
Converting a Chapter 13 Bankruptcy to Chapter 7
Converting a Chapter 13 bankruptcy to a Chapter 7 proceeding may be the right option for those looking to liquidate and consolidate assets in a more efficient fashion. However, it’s important to understand the entire process to see if the conversion is even possible.
Can You Get a Loan After a Bankruptcy?
Understanding how a bankruptcy can affect your ability to qualify for credit is vital. The proceeding remains on your credit report for seven to ten years and can dramatically affect your ability to qualify for credit cards and unsecured personal loans.
What to Know About Subchapter V of the Bankruptcy Code
Subchapter V is an evolving portion of the bankruptcy code that helps expedite the process for small business. With the CARES Act coming up for renewal in March, it’s important to know how this code could come into play for certain-sized companies looking at a Chapter 11 filing.
How to Know if Chapter 13 Bankruptcy is Right For You
Chapter 13 Bankruptcy can be a viable solution for those looking to restructure personal debt while keeping their home, automobile or other important property. However, it’s important to consider the broader ramifications before filing the petition. Speaking with a qualified bankruptcy attorney can help you make the right decision.
Student Loans Before, During and After Bankruptcy
Student loan balances are a growing problem and forcing many to turn to personal bankruptcy as an option. However, it’s important to understand that in most cases, student loan balances will not be forgiven in bankruptcy.
What Happens To Credit Cards in Chapter 13 Bankruptcy
Chapter 13 bankruptcy is often a route for those who find themselves buried under credit card debt. Since credit cards are often a low priority on the repayment schedule, much of this debt can be discharged. However, if credit card debt is your primary debt, it may require partial repayment.
How to Rebuild Credit After Chapter 13 Discharge
Rebuilding credit after a Chapter 13 bankruptcy isn’t impossible, but it is difficult. You’re going to want to understand all of the tenets that go into a credit rebuild before formalizing your own filing. A qualified bankruptcy attorney can help.
How To Keep Your Home Through a Bankruptcy
There are ways to keep your home through a bankruptcy, but they need to be done within the guidance of a qualified bankruptcy attorney. There are routes for home protection through Chapter 7 or Chapter 13, but both need to be done with great care.