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|

What Do I Need to Do After My Bankruptcy Case is Closed?

For many people, filing for Chapter 7 or Chapter 13 bankruptcy is an effective way to get out from their burdensome debts, and move into the future on surer financial footing. However, it’s important to keep in mind that it may take some strategic thinking and smart actions to really make the most of this new start. What can filers do to move on after their bankruptcy has been finalized? Here are a few common steps //READ MORE

2019-03-22T13:19:19+00:00 April 4th, 2019|Community|

Unpacking 7 Bankruptcy Myths and Misconceptions

There are countless myths and misconceptions out there about bankruptcy. Oftentimes, these myths are enough to dissuade people from considering bankruptcy as a course of action for financial relief – even if it may be the best path forward for their unique financial situation! So, what are some of the most common myths and misbeliefs out there about bankruptcy? Whether you heard them from a friends, a family member, or a TV infomercial, here are seven //READ MORE

2019-03-18T16:00:35+00:00 March 28th, 2019|Community|