You’ve just graduated from college.  Four years of writing papers, cramming for tests, and juggling your social, academic, and work life are now behind you.  You have the golden ticket to get you the perfect job – A Bachelor’s degree.  Now you can move into a cool apartment, make tons of money, and pay off...Read More

Most people don’t think that bankruptcy will happen to them.  It isn’t something that many people plan for.  However, bankruptcy is undeniably on the rise in America.  Over the past few decades, an alarming number of Americans have been unable to pay off their debts on their own.  This has caused more and more people...Read More

Filing for bankruptcy can be overwhelming. It is normal to feel confused, scared and even hopeless when you begin the process. You will be faced with many foreign terms, procedural requirements and rules. One of the strange terms you will come across right away is the “mailing matrix.” Also referred to as the “creditor mailing...Read More

Filing for bankruptcy is a big life decision. As such, you shouldn’t rush into it. Since filing for bankruptcy is not always the best option, it is important to take the following alternatives into consideration before deciding to file for bankruptcy. Negotiation Believe it or not, creditors are often willing to negotiate with you to settle...Read More

If you’re thinking about filing for bankruptcy, you might not be sure of which debts are dischargeable in bankruptcy and which are not. One type of bankruptcy that most people think is not dischargeable in bankruptcy is back rent. However, this rent can actually be discharged as unsecured debt. If you are behind on your...Read More

An adversary proceeding is separate from the bankruptcy case that is taking place and it is important to understand this distinction. Put simply, an adversary proceeding is a separate lawsuit that arises during the bankruptcy case when a complaint is filed. An adversary proceeding is heard in front of a judge and is thus a judicial mechanism...Read More

You’re at the end of your wits. The call or texts come in non-stop. When you get home from work, there are messages on your answering machine. When you’re cooking dinner, the phone rings. When you’re eating dinner, the phone rings. When you’re watching Game of Thrones, the phone rings. When you’re trying to sleep,...Read More

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

When you’re pressured by Foreclosure In today’s housing market, many people are facing potential mortgage foreclosure even the people who never imagined that this could happen to them. Maybe you had to move because your family grew, you got a divorce or you needed to relocate for a job. Or maybe you cannot close the...Read More

Most people with debt problems are, at least intially, highly resistant to the idea of filing for bankruptcy.  Filing chapter 7 or chapter 13 is often viewed as taking the easy way out, or looked at as a good way to ruin one’s future credit rating, or as a moral failing best to be avoided.  These viewpoints, combined with financial stress...Read More