People not eligible to file a Chapter 7 bankruptcy may be eligible for Chapter 13. The key lies in protecting non-exempt assets. For people opting to file bankruptcy under Chapter 13, they need to know that the procedure is a great deal more complex than a Chapter 7. Chapter 13 takes into account a detailed […]
If you are having financial difficulties and fear that foreclosure of your home might be imminent, think long and hard about your options for debt relief, including the possibility of filing for bankruptcy. After all, bankruptcy can be a way that you get to keep your home because it could allow you to get rid […]
Filing for bankruptcy can be a long and painful process and as such you will want to make sure you have a good lawyer. Here’s a few tips to help you find one: Google Bankruptcy Attorney Reviews in your area Remove attorneys with bad reviews and seek out one’s with good client reviews. Sometimes they […]
Obama’s home affordable modification program or HAMP is being criticized from many groups of people as being useless. After all, millions of homeowners have been denied financial assistance through this federal initiative for the past few months and if reports are to be believed, just one in four applicants have been successful in getting a […]
Have you already filed for bankruptcy, but this economy has caused you to nee to file again? If this is you, you may be wondering if you can file for bankruptcy again. Or you may be thinking about filing and are wondering if the economy goes south again or you end up with massive medical […]
Only seven percent of all bankruptcy cases filed in the U.S. between 1991 and 2007 were entered by people aged 65 and older; however, the demographic was the fastest-growing age group observed in a new study from the University of Michigan Law School. About two-thirds of these elderly consumers were forced to file for protection […]
The Wall Street Journal reported that the recession has affected everyone and that the number of people filing for bankruptcy over 2010 was expected to reach more than a million and half Americans. Since the recession, it has become more common for filers to earn more than $30,000 per year and have a college degree. […]
Chapter 7 bankruptcy may be harder to file under the new law. In 2005 the bankrucpty code was changed by Congress. The major changes make it harder for some people to file bankruptcy. A few filers with higher incomes will no longer allowed to use Chapter 7 bankruptcy, but will instead have to repay at […]
U.S. consumer bankruptcies are trending UPWARDS-big time!!!, 1.6 million filings estimated to come by the end of 2010. That puts bankruptcy filings at their highest level since 2005, according to the American Bankruptcy Institute In 2005 Congress sought to limit bankruptcies through the passage of the Bankruptcy Abuse Prevention and Consumer Protection Act (BAPCPA). But […]
My name is Matthew T. Desrochers and I am a practicing bankruptcy attorney. I often find myself advising clients not to do things they were planning on doing before they came in to see me. After all, that’s why they are in my office, to get advice on how to handle their debt issues. Some […]
