What is a Secured Debt?

There are many different types of debt available to consumers, and it’s important to understand the distinctions between them. Having a handle on which types of debt you’re dealing with, for instance, can play a big role in determining if filing for bankruptcy is going to be the right course of action for your personal situation — and if so, which type of bankruptcy will best suit your financial needs (e.g., Chapter 7 or Chapter 13). //READ MORE

2019-05-13T15:06:27+00:00 May 21st, 2019|Community|

How Long Does a Bankruptcy Remain on Your Credit Report?

A lot can happen in ten years. A lot. For instance? Well, this article is being written in 2019. Here’s just a quick snapshot of some of the notable events that happened 10 years ago, in the far off days of 2009: Barack Obama was inaugurated as President of the United States “Sully” Sullenburger successfully landed a plane after engine failure, in the “Miracle On the Hudson” The Chicago Cubs filed for Chapter 11 bankruptcy protection //READ MORE

2019-04-26T11:48:12+00:00 May 9th, 2019|Community|

What Goes Into the Bankruptcy Means Test?

For many people struggling with debt, Chapter 7 bankruptcy can be a valuable and viable option for lasting relief. But it’s important to keep in mind that, before you pursue Chapter 7, you must take a test to determine if you’re eligible for this style of “liquidation” bankruptcy. This test, known as the bankruptcy means test, is one of the earliest and most essential steps in the Chapter 7 process. If you’re considering filing for Chapter //READ MORE

2019-04-26T11:40:14+00:00 May 7th, 2019|Community|

Which Types of Debts Can I Automatically Discharge Through Bankruptcy?

So many of us have things weighing on us that we’d love to do away with, without having to break a sweat. There are whole genres of movies and TV shows devoted to this idea, in fact. Characters use time travel to go backwards or forwards through reality, so that they can skip past their problems, or go back and make it so they never have to deal with them in the first place. Or they //READ MORE

2019-04-22T16:42:15+00:00 May 2nd, 2019|Community|

When Can I Buy a House After Bankruptcy?

The “American Dream” of homeownership is alive and well. According to a recent report from consumer information site NerdWallet, about 75% of Americans say buying a home is “a priority.” Similarly, NerdWallet’s  reporting indicates that nearly a third of all Americans surveyed (32%) say that they are planning to buy a home within the next five years. Meanwhile, data from the Pew Research Center American Trends Panel suggests that 72% of American renters “want to buy //READ MORE

2019-03-29T16:17:28+00:00 April 11th, 2019|Community|