What Assets are at Risk When Filing for Bankruptcy

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 […]

Palm Beach County Florida Bankruptcy Considerations

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, […]

Hire a Bankruptcy Attorney or Represent Yourself?

If you are filing for bankruptcy, you have the choice to represent yourself or hire a bankruptcy defense attorney in Delray Beach or your residing area. If you choose to represent yourself, one benefit is that you will most likely save in attorney’s fees.  However, you will need a general understanding of the legal process […]

The Truth About Chapter 7 Bankruptcy

What Is Chapter 7? Chapter 7 bankruptcy is defined as Protection from creditors granted to individuals or companies who legally file for bankruptcy, providing for liquidation of certain assets to pay debts. A bank trustee is assigned and is tasked with gathering and selling your nonexempt assets. They then take the proceeds to pay off […]