Some people refer to Chapter 7 bankruptcy as liquidation bankruptcy. That nickname comes from the obligation to sell off certain assets or liquidate them to repay creditors. Before the filer is eligible for a discharge of the balance that remains on the account, they...
If you and your spouse are overwhelmed by debt, filing for joint bankruptcy can be a practical and strategic way to reset your financial future. Joint bankruptcy allows married couples to file a single bankruptcy case together. Instead of two separate filings, you...
When people think about bankruptcy, they usually focus on the financial aspects, such as debt, assets, income and credit scores. But for many people, the emotional side of filing for bankruptcy can be just as significant. Debt doesn’t just affect your bank account. It...
People who are considering bankruptcy often look forward to the financial freedom that will come, but they may also have some concerns about how the filing will impact their lives. One question that often comes up has to do with the assets they’ve accumulated. When a...
