Consumer Legal Services, LLC BLOG

What is Bankruptcy? Bankruptcy is a legal proceeding afforded to people (or businesses) who are unable to handle a financial crisis. Bankruptcy is made available by federal law so that you can have a fresh start. How Does Bankruptcy Work? After an individual qualifies and files a bankruptcy, legal protections are then instilled by the...Read More

If you’re an individual and feel that there is no way out of your debt troubles — filing bankruptcy may be your best option. Individuals file personal bankruptcy because they need financial relief and seek a second start: A Chapter 7 bankruptcy or a Chapter 13 Bankruptcy can help you overcome problems if: • You...Read More

Chapter 13 is an interest-free repayment plan that allows you to combine your debts and repay all or part of them while protecting you from creditor harassment. It is an excellent alternative for debtors whose financial problems cannot be helped by a Chapter 7 filing. Chapter 13 often provides much greater protection to debtors who own significant assets...Read More

What is Chapter 7 Bankruptcy? Chapter 7 Bankruptcy was enacted to allow persons who are hopelessly burdened by debt to have an opportunity for a new beginning by wiping out unsecured debts (debts that aren’t tied to any specific item of property, most commonly credit cards). Chapter 7 is designed for persons who cannot afford...Read More

Absolute Priority The order of payment to the different classes of creditors mandated by the Bankruptcy Code. Accord and Satisfaction An agreement to settle a contract dispute by accepting less than what’s due. Adequate Protection The right of a party with an interest in the debtor’s property to assurances its interest will not be diminished...Read More

Please cut and paste these questions into an email with the answers for yourself (and/or your spouse) and send to Attorney Theresa Rose DeGray at TRD@ConsumerLegalServicesLLC.com. Your full names and the town and state in which you live; The full name of any child or children you currently have and his/her/their date of birth; The...Read More

Background Chapter 12 is designed for “family farmers” or “family fishermen” with “regular annual income.” It enables financially distressed family farmers and fishermen to propose and carry out a plan to repay all or part of their debts. Under chapter 12, debtors propose a repayment plan to make installments to creditors over three to five...Read More

SOURCE: GROWTH SUCCESS RADIO Growth Success Radio is the podcast for small to medium businesses who need pointers and tips on their growth and features topics on digital marketing, Google dominance, being a social business and so much more.  Will bring you the lasted and greatest tools and ideas to fuel your businesses Growth Success!...Read More

    We had an excellent turnout at the 2015 Network of Executive Women’s Girls Night Out!  Thank you to all who participated and supported the event!Read More