Category: Bankruptcy Law

Individuals who are delinquent on paying their debts run the risk of having their wages garnished. In short, a wage garnishment is a court order that instructs an employer to withhold part of an employee’s wages and pay that amount directly to…

Filing for bankruptcy can have long lasting consequences, not the least of which is that it will cause damage to your creditworthiness, making it harder for you to borrow money. At times, some individuals may also find that they are being discriminated…

Although the number of personal bankruptcy filings in the U.S. has declined, many individuals continue to face insurmountable debt. Let’s take a look at some of the reasons that lead people to file for bankruptcy. Medical Expenses A number studies demonstrate that…

If you are having trouble keeping up with your debts, an alternative to filing for bankruptcy is a debt management plan. In this arrangement, you make payments to a credit counseling agency which then pays creditors on your behalf according to a…

For those who are facing insurmountable debts, filing for Chapter 7 or Chapter 13 bankruptcy may be the only option. However, there are many misconceptions about the process. Let’s take a look at five common bankruptcy myths. You Will Lose Everything Many…

Are you considering bankruptcy, but aren’t sure which type of bankruptcy is right for you? Personal bankruptcies are either a Chapter 13 or a Chapter 7. There are significant differences between these programs, but when the bankruptcy is discharged by the court,…

Today, individuals who are seeking relief under Chapter 7 or Chapter 13 of the Bankruptcy Code are required to complete credit counseling with an agency approved by the U.S. Trustee’s office. The purpose of pre-bankruptcy credit counseling is to determine if the…