Bankruptcy – I Bankruptcy Attorney

Can You File Bankruptcy on Medical Bills?

The cost of medical care in the United States is exorbitant, and medical debt is an increasing concern for Americans. According to a study published in July 2021, nearly 18% of Americans had medical debt in collections in June 2020. And between 2009 and 2020, unpaid medical bills became the largest source of debt Americans

New Bankruptcy Laws COVID-19
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New Bankruptcy Laws COVID-19

Bankruptcy

New Bankruptcy Laws COVID-19

Bankruptcy|

There have been some important provisions added to the U.S. Bankruptcy Code during the coronavirus pandemic that make qualifying for bankruptcy and achieving debt relief a smoother and easier process for those facing financial challenges due to COVID-19. Under these new laws, which introduced and expanded certain personal and business bankruptcy provisions aimed at

When Student Loan Debt Leads to Bankruptcy
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When Student Loan Debt Leads to Bankruptcy

Bankruptcy, Chapter 11, Chapter 13, Chapter 7, Credit Card Debt, Debt Relief, Debt Settlement FAQ

When Student Loan Debt Leads to Bankruptcy

Bankruptcy, Chapter 11, Chapter 13, Chapter 7, Credit Card Debt, Debt Relief, Debt Settlement FAQ|

It can be very difficult, if not impossible, to discharge student loans through bankruptcy. Courts require that you prove it would cause an undue hardship for you to pay. The problem with this is that Congress has never defined what constitutes an "undue hardship," thus leaving it in the hands of many courts to determine

U.S. Retirement Crisis
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U.S. Retirement Crisis

Bankruptcy, Credit Card Debt, Debt Relief, Debt Settlement FAQ, Foreclosure

U.S. Retirement Crisis

Bankruptcy, Credit Card Debt, Debt Relief, Debt Settlement FAQ, Foreclosure|

More seniors are filing for bankruptcy, leaving many to question if America is facing a “retirement crisis."U.S. Retirement CrisisAccording to a paper by academic researchers affiliated with the Consumer Bankruptcy Project, "Older Americans are increasingly likely to file consumer bankruptcy and their representation among those in bankruptcy has never been higher.”So what's the potential reason? High

What is Debt Consolidation?
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What is Debt Consolidation?

Bankruptcy, Credit Card Debt, Debt Relief, Debt Settlement FAQ

What is Debt Consolidation?

Bankruptcy, Credit Card Debt, Debt Relief, Debt Settlement FAQ|

Debt consolidation means that all of your smaller loans get paid off with one large loan. So you essentially get one lump sum to pay off your smaller loans so that you only have one monthly payment rather than several monthly payments. The theory behind this is one payment is easier to manage than

Can You Still Receive Social Security in Bankruptcy?
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Can You Still Receive Social Security in Bankruptcy?

Bankruptcy

Can You Still Receive Social Security in Bankruptcy?

Bankruptcy|

A common question during bankruptcy is if social security payments will be garnished to pay off creditors. Below we discuss how social security is handled during both Chapter 7 and Chapter 13 bankruptcies.What is Social Security?Before we discuss how Social Security is treated in Chapter 7 and Chapter 13 bankruptcies, it's

Protecting Assets During Bankruptcy
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Protecting Assets During Bankruptcy

Bankruptcy, Bankruptcy Means Test, Chapter 11, Chapter 13, Chapter 7

Protecting Assets During Bankruptcy

Bankruptcy, Bankruptcy Means Test, Chapter 11, Chapter 13, Chapter 7|

You worked hard for what you've earned but things happen and if you're at risk for losing the assets you've worked hard to achieve, you might want to consider bankruptcy. Luckily, lawmakers have put things in place to shield the assets that you've worked so hard for. Here are some of the ways you

Can You Declare Bankruptcy More Than Once?
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Can You Declare Bankruptcy More Than Once?

Bankruptcy

Can You Declare Bankruptcy More Than Once?

Bankruptcy|

Debt can feel, and be, insurmountable. Sometimes it feels like just when you get out from under the lion's paw, there's another paw waiting. Often times you are just barely free of debt and then something else happens - like a job loss, a divorce, or a medical emergency. When that happens, and you've

Pre-Packaged Bankruptcy
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Pre-Packaged Bankruptcy

Bankruptcy, Chapter 11

Pre-Packaged Bankruptcy

Bankruptcy, Chapter 11|

When a company knows it's in dire straights and it's going to need to file for bankruptcy, one of the quickest options available is a pre-packaged bankruptcy. Pre-Packaged Bankruptcy A pre-packaged bankruptcy is a perfect option for a company facing bankruptcy. During this process, the company will arrange and coordinate creditor support for their

Celebrities Go Bankrupt Too
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Celebrities Go Bankrupt Too

Bankruptcy, Chapter 13, Chapter 7, Credit Card Debt

Celebrities Go Bankrupt Too

Bankruptcy, Chapter 13, Chapter 7, Credit Card Debt|

Filing for bankruptcy can make you feel like a failure. Thousands of people file for bankruptcy every year - even celebrities. Just check out our list of celebrities that have declared bankruptcy and been able to rebuild. Celebrities Go Bankrupt Too Donald Trump. By now everyone knows that real estate mogul and current President, Donald