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Bankruptcy Blog Posts

bankruptcy debt

How Bankruptcy Affects Joint Accounts

You may be considering bankruptcy but have joint accounts with someone else and wonder what the ramifications may be. Will the other person be affected? What happens to that joint account under bankruptcy law? Bankruptcy can be a complicated affair. There are many types of accounts as well as two

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How Various Generations Deal with Bankruptcy

In the past, bankruptcy was a topic that was not talked about much. It was almost like a curse word. You were supposed to handle your finances responsibly, and you should not even be thinking about filing for bankruptcy. That has changed with the younger generations. In the past, Boomers

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crypto currency

Cryptocurrency and Digital Assets in Bankruptcy

As cryptocurrency and other digital assets become more mainstream, bankruptcy courts are increasingly required to address how these assets are treated in consumer and business filings. All assets, whether they are physical or digital, must be disclosed during the bankruptcy process. While cryptocurrency technology may be new, bankruptcy law applies

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lawsuit

Should You File Bankruptcy Before or After a Lawsuit?

When facing a lawsuit over unpaid debt, many people wonder when they should file for bankruptcy. Is it better to file for bankruptcy before a judgment is entered or wait until after the court has ruled? The timing of a bankruptcy filing can significantly affect how much protection you receive,

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job interview

Understanding Bankruptcy Choices for Individuals with Higher Incomes

High-income earners can still get into debt and have difficulty repaying these debts. However, they often assume bankruptcy is not an option for them. While it is true that higher income can limit eligibility for certain chapters, bankruptcy law still provides several powerful tools for individuals and business owners with

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When to Stop Using Credit Cards Before Bankruptcy

When to Stop Using Credit Cards Before Bankruptcy

If you have decided to file for bankruptcy, you need to understand the dos and don’ts so you can get all your debt wiped out without issue. One thing you need to be aware of is proper credit card use. While credit card debt is usually wiped out in Chapter

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financial stress

Finding Peace of Mind during Financial Stress

In the ever-evolving economic landscape, financial stress is abundant for Americans. The current climate is causing more bills to pile up, more creditor calls to go out, and ultimately, financial pressure to build. This pressure can feel impossible to escape and can cause a notable decline in the mental health

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