How to Rebuild Credit After Bankruptcy
Bankruptcy & Your Small Business
What is Pre-bankruptcy Credit Counseling?
The Pitfalls of Hiring a Bankruptcy Petition Preparer
If I’m planning on filing bankruptcy, can I take on more debt?
Common Reasons Why a Bankruptcy Petition might be Dismissed
What You Need to Know About Bankruptcy
Bankruptcy is designed to protect individuals, small businesses, and corporations from being overwhelmed by debt. The process involves reorganization and restructuring of debt so that a significant portion of it is discharged or "forgiven", and the remainder is repaid at a lower rate. Bankruptcy is designed to enable an individual...
Five Assets That Won’t Be Taken by the Bankruptcy Court
By: William Winfield, Esq.
When a person files for bankruptcy protection, his or her assets must be collected by the bankruptcy trustee and liquidated to reimburse debtors before the petitioner’s debts can be discharged. In order to keep bankruptcy petitioners from falling below the poverty line, there are certain assets that can be retained as...
What Happens to My Car When I File Chapter 7?
If an individual filing for Chapter 7 bankruptcy owns an automobile, that vehicle may become the property of the bankruptcy estate used for the purpose of making creditors whole. If the car has a lean on it from the lending institution, the loan must be reaffirmed or redeemed, or the...
When Disfavored Businesses Go To Pot
Marijuana dispensaries are legal businesses under California law, but the distribution of marijuana is a Federal offense. As a result a Marijuana distribution business is not eligible for Federal Bankruptcy Relief.
This issue came up in Colorado recently where Frank...