From time to time I get a call from someone whose parent has run up their credit cards even though they’re living on a limited income, such as Social Security benefits, a pension, or other retirement funds. The caller is concerned for her parent, worried that the creditor is going to take legal action. Of…Read more

While bankruptcy is the fastest way to legally eliminate typical consumer debts like credit cards and medical bills, not everyone can file Chapter 7 bankruptcy. In order to file a Chapter 7 petition, your income must be below the median income for your household size. The median income is determined at least annually by the…Read more

If you’re receiving unemployment benefits and considering bankruptcy, there are few things you should know. The first is that you don’t have to be employed to file bankruptcy. In fact, one of the primary reasons people file  is because they’ve lost their job. Second, when we calculate your income to see if you qualify for…Read more

One of the things we’ll want to know when we prepare your bankruptcy petition is what secured debts you have. Secured debts involve loans where you have promised the lender they can take certain property if you stop making payments on the loan. Car loans and mortgages are typical secured debts, but department stores like…Read more

When you file bankruptcy it’s important to know the difference between your secured and unsecured debt. Secured debt and unsecured debt may be treated differently, particularly if your are trying to keep the collateral, like a car or a home, which secures the debt. Secured Debt: A secured debt is a debt for which the…Read more

Concerned about that notice in the mail that your ex-spouse filed bankruptcy? Before you panic, read the rest of this article to find out what happens if your ex-spouse files bankruptcy. More than once I’ve gotten calls from people in a panic because they just found out their ex-husband or ex-wife filed bankruptcy. They want…Read more

One of the primary reasons my clients turn to bankruptcy is because of the legal protection it provides from debt collection activities. The moment we file a petition, the court issues a protective order, also know as the “automatic stay” which prohibits creditors from taking any debt collection activity. They have to stop calling, writing,…Read more