Category:
Bankruptcy

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…

Definition of exempt in the dictionary

Bankruptcy Exemptions

By Bill Fay | February 28, 2022

Bankruptcy is a scary word. You might think the worst when you hear, “He’s bankrupt.” You might think, “She’ll be penniless.” You might think he or she will have to…

Bankruptcy attorney getting hiring by a client

How to Find an Affordable Bankruptcy Attorney

By Max Fay | October 4, 2021

The very fact that an individual is considering bankruptcy speaks to the difficulty in paying an attorney to help you file. If you’re in debt, does it make more sense…

Chapter 13 bankruptcy petition dismissed

Chapter 13 Bankruptcy Dismissal

By Bill Fay | October 1, 2021

Bankruptcy World has two distinctly different “Dis-lands.” One, “Dis-charged,” is the magnificent, joyful, cherished holy grail of bankruptcy outcomes. Every bankrupt wants to get through the Discharged finish line —…

Street sign that says Chapter 7 Income Limits

Chapter 7 Bankruptcy Income Limits

By Maureen Milliken | September 30, 2021

Most people who file for bankruptcy because of personal debt file Chapter 7 bankruptcy, a four-to-six month process that, in theory, “liquidates” a person’s assets to pay off their unsecured…

Man in suit choosing between chapter 7 and chapter 13 bankruptcy

Chapter 7 vs. Chapter 13

By Max Fay | September 30, 2021

Declaring bankruptcy is a big deal. The long-term damage it can do to your credit is such that bankruptcy only should be considered as a last resort, after credit counseling,…