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Blog Posts in April, 2017

What Is an Involuntary Bankruptcy?

Involuntary bankruptcies are quite rare. When they are filed, they typically involve a business, not an individual. An involuntary bankruptcy is filed by a creditor against a debtor who has not been ...
Continue reading "What Is an Involuntary Bankruptcy?" »

A Bankruptcy Filer's Guide to Disposable Income

Chapter 13 bankruptcy is also sometimes called "wage earner bankruptcy" or "reorganization bankruptcy." Unlike Chapter 7, which discharges most or all debts once the bankruptcy is ...
Continue reading "A Bankruptcy Filer's Guide to Disposable Income" »

The Means Test and Your Private School Tuition

When you speak with a lawyer about filing for Chapter 7 bankruptcy, he or she will evaluate your income and qualifying deductions to determine if you pass the means test. This simply means that if ...
Continue reading "The Means Test and Your Private School Tuition" »

Are Medical Bills Driving You into Bankruptcy?

Along with credit card debt, exorbitant medical debts are among the most common reasons why people consider filing for bankruptcy. Even with insurance, an emergency appendectomy or unplanned C-section ...
Continue reading "Are Medical Bills Driving You into Bankruptcy?" »

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