Sadly, there is a stigma surrounding bankruptcy. Someone who legitimately needs help and a fresh start might be closed off from going down that road because other people in their personal life perceive bankruptcy to be the route pursued by the careless. The truth is that anyone might find themselves in a major financial situation… Read More »

Are you thinking about filing for bankruptcy? It turns out there’s never a right time to consider moving forward with your petition, but that recent data shows Americans are choosing to use the relief provided by bankruptcy more than in recent months. It’s important that if you’re thinking about bankruptcy that you first set up… Read More »

One of the most common reasons people schedule a consultation with a bankruptcy lawyer and initiate a petition is due to medical debts. If you want to eliminate medical bills bankruptcy, it’s important to understand how your debts are categorized when you file. Certain debts receive priority treatment and cannot be eliminated through bankruptcy, such… Read More »

A Chapter 7 bankruptcy is one of the most common forms of bankruptcy filed today. It involves liquidating the majority of your non-exempt assets (excluding things you need for daily living, like your home and car) and using those funds to pay your debts. Anything left over that is an unsecured debt is typically discharged,… Read More »

Student loans are typically considered one of the few non-dischargeable debts in a bankruptcy claim. Other non-dischargeable debts include tax debt and other types of secured debt. However, there are some circumstances that will give a person the ability to have their student loans discharged anyway. This loophole is called the Brunner Test. The Brunner… Read More »