The Risks Of Giving Away Assets Before You File Bankruptcy Wondering if you should give any of your personal belongings away before you file bankruptcy? There is a lot of bad information out there about bankruptcy, and just one piece of it is that people who file bankruptcy lose all their property. First of all,…Read more

One of the biggest, if not the biggest, changes that was made to the Bankruptcy Code in 2005 was the addition of the means test. In a nutshell, the purpose of the means test is two-fold. First, the means test will determine whether or not your income qualifies you for Chapter 7 bankruptcy. Second, if…Read more

In bankruptcy, timing is everything. File too late and creditors can garnish your wages or your bank account or put a lien against any real estate you own. File before you take care of any property that isn’t covered by the Bankruptcy Code’s exemption rules, and you may lose property that you wanted to keep.…Read more

During your initial consultation with a bankruptcy attorney, he or she should ask you about the property you own, whether it’s personal property or real estate. It’s important to understand at the outset whether or not any pre-filing planning needs to be done to be sure that you can keep as much of your property…Read more

If you are thinking about bankruptcy, you are probably dreading that decision and hoping that you can avoid it, or at least put it off as long as possible. When you come in for a consultation, one of the things we’ll talk about is when you should consider filing. Oftentimes, the biggest factor that comes…Read more