Chapter 7 bankruptcy offers debtors serious relief. In a chapter 7 bankruptcy, you surrender non-exempt property to the court. That property is sold and used to pay your creditors. The rest of your unsecured debts are then … [Read more...] about Chapter 7 Means Test 2015
The Bankruptcy Discharge
In re Jones, __ B.R. __ (Bankr. E.D. Pa. 2013) Student Loans Are Tough to Shake Student loans are permanent. The only way to get rid of them is to pay them off. Even if you file for and successfully complete bankruptcy, your … [Read more...] about Discharge is Possible Between a Rock and a Hard Place
Last updated Oct. 31, 2018. According to the U.S. Small Business Administration, in 2015 there were nearly 30 million small businesses operating in the United States. For various tax, legal, and financial reasons, the owners of … [Read more...] about Should My Corporation or LLC File for Chapter 7 Bankruptcy?
Last updated July 31, 2018. When you're struggling with debt and don't know where to turn, it's time to consider filing for bankruptcy. Bankruptcy still seems somewhat taboo in the modern world, but the reality is that millions … [Read more...] about Ohio Bankruptcy Means Test for Chapter 7
Can a trustee or creditor object to an exemption? When you file for Chapter 7 bankruptcy, or “straight bankruptcy”, the bankruptcy trustee evaluates all of your assets to see whether there is anything that can be used to pay back … [Read more...] about Bankruptcy exemptions: can a trustee or one of my creditors object?
Last updated Nov. 30, 2018. Filing for bankruptcy lets you start over with a clean financial slate. Debt collectors’ and creditors’ phone calls, lawsuits, foreclosures, and repossessions stop when you file, and the court steps … [Read more...] about Drunk Driving Debts Can’t be Discharged in Bankruptcy