Our Professional Answer: Generally, if you file for bankruptcy, you can keep your car. Cars that have loans on them that encumber the value which is more typical than not, are not assets in a bankruptcy. […]
Our Professional Answer: One of the great things about bankruptcy regardless of what chapter your filing, bankruptcy and state laws allow that you can keep all retirement assets like a 401K, an IRA, or a 401C, […]
Our Professional Answer: Bankruptcy is going to discharge 100% of all your legal obligations to pay your debt. That means a creditor has no right to sue you once you file bankruptcy, because you don’t owe […]
Our Professional Answer: If you’ve filed a chapter 13 and you find that you’re unable to pay your payment plans or you’ve lost your job and you no longer have the income to support your plan […]
Our Professional Answer: One of the things that will really surprise you when you file bankruptcy and receive your discharge, is the number of offers of new credit you will receive. From a creditor’s perspective, you […]
Our Professional Answer: A medical bill in bankruptcy is treated like any other unsecured debt. You can discharge a medical bill like you can discharge a credit card, a mortgage or a loan. Every debt you […]
Our Professional Answer: If you’ve filed a chapter 13 and you find that you’re unable to pay your payment plans or you’ve lost your job and you no longer have the income to support your plan […]
Our Professional Answer: In a Chapter 11 bankruptcy, you’re still operating, and that means that you still may need to obtain credit. The difference in Chapter 11 is before you can be granted credit by a […]
Our Professional Answer: If you haven’t filed taxes for the last few years you can still file for bankruptcy. There’s no specific requirement that you’ve paid your taxes. You do have to file your tax returns, […]