Many people filing for bankruptcy do so in the hopes of stopping their lenders from foreclosing on their homes. Bankruptcy offers some powerful legal tools to help these people protect their houses and property from being repossessed by their creditors. However, completely preventing a foreclosure is not guaranteed in all cases of bankruptcy. If your... Read more »

When a debtor files for bankruptcy, they may want to give certain creditors priority of payment. However, priority is a complicated issue in these proceedings. In many situations, a debtor will have little to no say about which creditor is given priority during repayment or after liquidation. In these situations, it is often the decision... Read more »

With the help of a bankruptcy attorney, a person may be able to carefully handle their debt problems and lower or eliminate their obligations to creditors. However, this doesn’t mean that a person can intentionally rack up debt before filing for bankruptcy. If a person uses their credit cards heavily before filing for bankruptcy and... Read more »

When a person files for bankruptcy, there is no guarantee that their request will be accepted. While a person may have the right to file for bankruptcy, the bankruptcy courts may still reject a debtor’s case if it doesn’t meet the necessary qualifications. It is helpful for a debtor to know some of the reasons... Read more »

Timing is an important part of filing for bankruptcy. While many debtors may think that filing for bankruptcy quickly is the best way to get immediate debt relief, there are some instances when a person may want to consider other options for a short time before filing. This can end up saving them a considerable... Read more »