As you pursue a plan to consolidate your debt and pay creditors over several years in a Chapter 13 bankruptcy, you may be able to avoid liens against your secured debt. Many debtors who are going through bankruptcy utilize “lien stripping” to avoid repaying second mortgages on their real property…
Category: Bankruptcy
If you have made the decision to file for bankruptcy, your life is already filled with questions. You are likely concerned about your future, and you are most definitely worried about how you are going to pay for your daily expenses. While dealing with all of these concerns, you also…
The cost of healthcare in the United States is climbing, and it is one of the biggest financial burdens for Americans. In 2018 alone, medical care in the country cost $3.6 trillion. A recent Gallup poll showed that concerns about bankruptcy due to medical debt are also rising in the…
After a really hard economic period for all of us, it seems that life is moving forward as the pandemic turns into a past memory. Business are opening up, people are going out and spirits are high. Nevertheless, the financial effect of this pandemic is just starting. Millions lost their…
Bankruptcy is a much more complex process than simply filing and having your debts discharged or restructured. You will have to first complete many steps and one of those is obtaining a bankruptcy certificate or rather, two certificates. Bankruptcy certificates are documents that show you completed a credit counseling and…
In its simplest form, a bankruptcy discharge occurs once a bankruptcy case is finalized and relieves you from any obligations of repaying your debt. Once your debt has been discharged, creditors cannot take any further action to collect on the debt. Creditors and debt collectors cannot call, send letters, or…
Recently, a Florida lender was going to foreclose on Don Ramon’s, a SoMa destination that has been extremely popular for decades. Fortunately, for the politicos and locals who loved frequenting the hot spot, it will remain open after the owner filed Chapter 11 bankruptcy. The story is not an uncommon…
If you are facing bankruptcy, you have many questions. If you are facing bankruptcy and are over the age of 65, one of those questions might be whether you are too old to file. It is true that your own life circumstances, including your age, can make a big difference…
When you decide to file for bankruptcy, it’s wise to work with a bankruptcy law firm that can represent you and handle the legal process on your behalf. There may be many bankruptcy lawyers in your area to choose from. Choosing the right law firm could make a significant difference…
