Fast Facts: Bankruptcy Filing – The Pros and Cons

I believe in complete transparency and want my clients to have control over their financial picture, and to me this includes having realistic expectations when it comes to filing for bankruptcy. While filing for bankruptcy protection will absolutely provide you with immediate relief, you should consider these pros and cons before you make the decision […]

You have questions, we have answers: Is Bankruptcy Right For Me?

Covering monthly necessities, such as food and shelter, should be the first priority for everyone’s money. Plain and simple. But many times, covering even these most basic needs seems absolutely impossible. Monthly expenses can be enough of a burden by themselves without having the additional strain of additional bills such as mounting credit card debt, […]

You have questions, we have answers: Foreclosure and Bankruptcy

Filing a bankruptcy petition stops all mortgage foreclosure actions currently underway, as well as preventing them from beginning in the future. Chapter 13 bankruptcy cases also allow you to force your mortgage lender to give you up to five years to catch up on your back mortgage payments.

Happy 2022!

Happy 2022! Already a few days into the new year and it still feels strange to write, and say, 2022, but the closing of one year and the beginning of another is the perfect occasion to both look back at the past year and strategize for the year ahead. Take this opportunity to consider how […]

You have questions, we have answers: What is an Automatic Stay? How is it created by filing bankruptcy?

One of the most powerful aspects of filing for bankruptcy relief is that it automatically stays, or stops, all debt collection actions immediately. This feature gives you much-needed time and space to get your finances back in order.

You have questions, we have answers: What are some landlord and tenant’s rights in bankruptcy?

Landlords have the possibility of being able to maintain evictions when a tenant has declared bankruptcy and stops paying rent. However, in many cases Chapter 13 bankruptcies can be used to assist a tenant in catching up on back payments and remaining in the leased property.

You have questions, we have answers: What is a Chapter 13 Bankruptcy?

Usually referred to as “wage earner” bankruptcy, this type of bankruptcy has become very popular over the years because of the way it deals more comprehensively with people’s financial problems. Like all bankruptcies, Chapter 13 cases can get rid of unsecured debt, but what makes Chapter 13 cases unique is that they can also be […]

Buy-now, pay-later: A new take on an ongoing debt problem?

“People have long financed purchases … cars, houses, and in the 1800s, farm equipment, sewing machines, and other necessities. But the trendy modern version known as BNPL (buy-now, pay -later) has exploded lately, thanks to a combination of proliferating installment-plan offers and a buying frenzy during the pandemic, as people stuck at home turned to […]

You have questions, we have answers: What is a Chapter 7 Bankruptcy?

This is traditionally referred to as “straight liquidation” bankruptcy. This constitutes a complete discharge of your unsecured debt and is most useful if you own a limited amount of assets – and you are primarily only interested in getting rid of unsecured debts (such as credit cards and medical expenses.)

Holiday Budgeting: How will you spend your money and your time this year?

Heading into the holidays without a plan for your money can set you up for a financial disaster in the new year: “According to the National Retail Federation (NRF), shoppers plan to spend nearly $1,000 on average during the holiday season. Spending on gifts accounts for $650, while food, decorations, and other non-gift items make […]