Category Archives: Personal Bankruptcy

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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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Avoiding Debt Settlement Scams

We are all facing uncertain times during this global pandemic. Some people may have had their hours reduced or perhaps have lost their jobs entirely. As it stands, there are plenty of companies out there that people who are struggling financially can reach out to in order to file for bankruptcy or help get their……
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HAVEN Act — Bankruptcy Information For Veterans

Veterans, service members, and their families often go through times of hardship. Some of the challenges are unique to the military experience, but many troubles are the same as those found in civilian life. Financial struggles are a part of life for people of all backgrounds, and sometimes the only solution is to file for……
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3 Major Mistakes You Need to Stop Making with Credit Cards

Credit card debt is one of the major reasons people get in over their head financially. In addition to medical debt – which actually ranks as the number one reason people are forced to file for bankruptcy – credit card debt can have you borrowing from Peter to pay Paul, as they say. You find……
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In the Military? Yes, You Can File for Bankruptcy Protection

Members of the US Armed Forces have just as much right to file for bankruptcy protection as civilians. In fact, while one or both spouses are away from home serving their country, it’s not unusual for bills to pile up. Recent economic conditions have made it difficult to make ends meet and being away for……
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