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A Guide to the Different Chapters of Bankruptcy

If you’re on the verge, or even just considering the concept of filing for bankruptcy, understanding your options is an important step. People commonly hear about Chapter 7 or Chapter 13, but may not know the difference. The truth is the Bankruptcy Code allows for multiple different types of bankruptcy and understanding the difference between……
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Many Americans with Financial Struggles Focus on the Present, Don’t Worry About the Future

This is the second article in a blog series on emergency savings and financial security. Check out the first blog article, “Study Finds That Most Americans Can’t Cover Unexpected Emergency Expenses.” Far too many Americans only think about their short-term economic interests and don’t give enough thought to their long-term financial security. Just because a……
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What Is the Means Test in Bankruptcy?

In 2005, the United States enacted the Bankruptcy Reform Act. Under the new guidelines, the courts are able to make a determination about whether or not you would be able to afford payments under a reorganization of your debt – in accordance with a Chapter 13 filing. One of the largest differences between Chapter 7……
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Does Bankruptcy Affect Future or Current Employment?

You might be hesitant to file for bankruptcy because you’re afraid you might lose your job. Maybe you’re concerned that a potential employer will deny your employment if you filed for Chapter 7 or Chapter 13 bankruptcy. If you can’t meet your financial demands with a job, how would you without one? Will Bankruptcy Affect……
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Declaring Bankruptcy for Your Business

Declaring Bankruptcy It’s not uncommon for a small business to struggle. Unfortunately, it happens pretty often and with the toll the global pandemic has had on many small businesses, bankruptcy might be the last option. A bankruptcy for your business may be in order if you find that it has accrued a significant amount of……
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