Whether you’re going through challenging financial troubles or an unforeseen event has left you overwhelmed and unable to pay your debt, declaring bankruptcy can be a wise decision. But before deciding to file bankruptcy, you must consider the significant consequences of this action. Bankruptcy will eliminate most of your debt, but it can’t erase the […]

Chapter 7 bankruptcy is a type of personal bankruptcy procedure that ends the legal right of the individual or business to use their property as collateral against the debt. The end result is that property cannot be seized by creditors, and some debts may be discharged. Chapter 13 bankruptcy is a repayment plan or reorganization. […]

Most people don’t expect they’ll have to file for bankruptcy in the future but often choose to take the step when they struggle to repay the debt that they’ve accumulated. Although filing for bankruptcy is never easy, it can make it easier to regain your financial standing and have hope for the future. Here are […]

Do you need to file bankruptcy? Bankruptcy is a common option for those who are looking to get on the path of financial recovery. However, many people are unaware of what bankruptcy is and the importance of having a bankruptcy attorney. What Is Bankruptcy? Bankruptcy is a type of legal proceeding option for individuals who […]

A bankruptcy lawyer in Delray Beach, FL, will ease the pressure of your financial struggles by helping you find a solution through the bankruptcy process. Many people not familiar with how bankruptcy works usually ask these five questions to their attorneys regarding bankruptcy. It is important to understand the process before you decide to file […]

Bankruptcy is often a complex process that requires the help of a law firm that specializes in bankruptcy. But if you’re filing for bankruptcy in Delray Beach, it’s essential to hire a qualified firm that can successfully help you with your needs. But what exactly makes a law firm qualified? Here are 3 things to […]

Bankruptcy Law The US Constitution (Article 1, Section 8, Clause 4) provides Congress with the authority to enact laws governing bankruptcy effective uniformly for all US citizens regardless of the state of their residence. Congress has exercised that authority at various times since 1801. The essential purpose of bankruptcy law is to stop creditors’ actions […]

As the world steps into the third year of a global pandemic, governments are introducing many new laws and policies to combat the pandemic and relieve the economic situation in their respective countries. The US Government has also enacted several laws to help keep small businesses afloat. Before the pandemic hit, small businesses made up […]

Both Chapter 7 and Chapter 13 bankruptcy have a significant impact on bankruptcy exemptions. In Chapter 7, exemptions help determine how much of your property you get to keep. In Chapter 13 bankruptcy, exemptions help keep your plan payments low. Learn more about these exemptions, and how they work. What is considered exempt and what […]

If you are considering bankruptcy, you face many issues, and you are uncertain of any benefits bankruptcy may offer. In addition to releasing themselves from debt every day, bankruptcy has many other benefits. But does hurting your credit record for 7 to 10 years also have any additional benefits?   Before reaching a final decision, […]