Exempt Vs. Non-Exempt Property Under Chapter 7 Bankruptcy

The object of filing for Chapter 7 bankruptcy is to protect your assets and buy time to pay off some debts. This is the reason the courts classify some of your property as either exempt or non-exempt. For a good understanding of what property can or cannot be liquidated during a Chapter 7 bankruptcy, consult a bankruptcy attorney. Here is some basic information regarding exempt and non-exempt property. How Does Exemption Work? Read More 

Surprising Damages That Your Personal Injury Lawyer Can Help You Fight For

If you are the victim in a personal injury case, then you might have already decided that you want to hire a lawyer so that you can fight for financial damages that might have been caused because of your injuries. You might already know that you can fight to get compensated for things like your medical bills and lost wages. However, there are other potential damages that you and your attorney can fight for as well. Read More 

4 Legal Terms To Know When Using Chapter 7 Bankruptcy

Do you need to file bankruptcy and are feeling a bit confused about all the different legal terms being thrown around? If so, it helps to become familiar with the terms frequently used with the Chapter 7 form of bankruptcy.  Liquidation Bankruptcy What makes Chapter 7 such a unique form of bankruptcy is that it involves asset liquidation. This means that all applicants are required to pay off as much as possible to creditors before the remaining debts can be eliminated. Read More 

Drowning In Debt? Reasons To Consider Filing Bankruptcy Now Instead Of Waiting

Bankruptcy is one of the solutions for those who are drowning in debt and cannot afford to pay that debt off. Many people make the mistake of putting off a bankruptcy filing until it cannot be avoided. They may try different debt relief methods or attempt to solve the problem on their own. Unfortunately, there are many downsides to waiting when it comes to filing for bankruptcy. Here are a few of the reasons you should not delay filing if you are in a large amount of debt. Read More 

What To Expect When You File For Chapter 7 Bankruptcy

Choosing to file for bankruptcy can be a very hard decision, but in the long run it can reduce your stress and give you a fresh slate. Common reasons to file for bankruptcy include job loss, large medical debts, or excessive credit card debt that you can no longer afford to pay. While it is possible to file for bankruptcy on your own, it is highly recommended that you retain the services of a bankruptcy attorney to assist you. Read More