When considering bankruptcy, it’s common to hear others’ suggestions that will allegedly prepare you financially for the bankruptcy process or help make your bankruptcy easier. However, some of this well-intentioned advice can actually jeopardize your bankruptcy claim. Here’s what you want to avoid before filing for either a Chapter 7 or a Chapter 13 bankruptcy.… Read More »

Filing for bankruptcy can bring you financial relief after being overwhelmed with debt. However, some people find themselves in debt again, usually due to circumstances outside of their control. For example, a medical emergency or a sudden move could put you in financial distress again, leaving you little choice but to look into bankruptcy. Is… Read More »

Typically, tax debt is considered to be “secured debt” and takes precedence even over student loans. What this means is that most people will still owe back taxes, even after filing for bankruptcy. However, there are some unique circumstances in which bankruptcy will allow tax debt to be discharged like other debts in a Chapter… Read More »

While many people do not have the option to choose between Chapter 7 bankruptcy and Chapter 13 bankruptcy based on their finances and the debts they owe, some people do have the ability to select which type of bankruptcy works best for their situation. If you pass the means test and are eligible for Chapter… Read More »

Many people who file for bankruptcy want to know when they should stop paying creditors. Depending on the type of bankruptcy you file and what types of debt you owe, it may or may not be wise to stop paying your creditors before you file for bankruptcy. Here’s what you need to know. Tax Debts… Read More »