Navigating the Complicated World of Bankruptcy

« Back to Home

POSTS

Easier Than You Think: Your Bankruptcy Appearance

Posted on

Just the act of a bankruptcy filing can make some people feel embarrassed, but that might pale in comparison to the thought of making an appearance in public before a bankruptcy judge. You already feel a bit sheepish about your financial situation, and you know that taking responsibility for your situation is important. Fortunately, this dreaded appearance in bankruptcy court is usually nothing to be worried about, so read on to learn more about your chapter 7 federal meeting, known as the creditor’s meeting.…

Read More »

Advantages & Disadvantages To Filing Chapter 13 Bankruptcy

Posted on

Chapter 13 bankruptcy is a type of bankruptcy that allows you to repair your credit by repaying some of your debt. Chapter 13 bankruptcy is best for those with a high income or with many assets that can be liquidated. If you are trying to decide whether or not to file chapter 13 bankruptcy, here are some of the advantages and disadvantages for you to consider.                                                                                 Advantages Avoid Foreclosure…

Read More »

How To Protect Social Security Disability Payments From Garnishment

Posted on

Most people who receive Social Security disability (SSDI) payments are living from one paycheck to the next. Unfortunately, sometimes the disability payments are not enough to cover all the bills they have accumulated. Because of this, sometimes people who are receiving SSDI are threatened with garnishment by creditors for debt repayment. Thankfully, there are several ways you can protect your SSDI from garnishment. Here’s what you need to know. Set Up an Electronic Transfer Account…

Read More »

Non-Priority Versus Priority Tax Debts In Chapter 13 Bankruptcy: How To Know The Difference

Posted on

Chapter 13 bankruptcy is an option for Americans seeking relief from a variety of debts, and that includes tax debts in most cases. In general, debts of all kinds, including back taxes owed, are divided into one of two categories: non-priority and priority debt. The laws providing for Chapter 13 bankruptcy delineate how tax debts are categorized. Below is more information on how to know if your tax debt will be considered as non-priority debt or priority debt:…

Read More »

What Happens To Tax Refunds In Chapter 7 Bankruptcy Cases?

Posted on

Filing for Chapter 7 bankruptcy is a great solution for becoming debt-free if the majority of your debts are unsecured. When you are approved for a discharge in Chapter 7, all of your unsecured debts will be forgiven, but you may have to surrender some of your assets, including your tax refund. Before you file, you may want to know how the trustee will handle your refunds, and here are three things you should know.…

Read More »

Is Co-Branding A Way For Businesses To Avoid Bankruptcy?

Posted on

In 2014, over 18,000 businesses filed for bankruptcy protection, according to the U.S. Bankruptcy Courts. Co-branding is how major retailers are regaining their financial stability and growing. Some take this intuitive after filing for bankruptcy, with the approval of the court, but it is a consideration for businesses on the brink, as well.  What is Co-Branding? Branding means a company successfully creates awareness about a product or service by associating their business name with it.…

Read More »