People are often confused about the dischargeability of medical bills in bankruptcy. Many people who are contemplating their need to file for debt relief mistakenly assume...
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People who are overwhelmed by credit cards, medical bills, and other debts often want to file for bankruptcy but are afraid to proceed because they have a spouse that doesn’t want to file. The spouse may...
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Over 700,000 Americans submitted personal bankruptcy filings in 2017, at an average rate of 60,000 per month. Can those people who filed for debt relief really get a fresh start on a new financial life? Even with a bankruptcy on their record? Depending on which type of bankruptcy a person files...
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What Should You Do If You Forget To List Property You Own In Your Bankruptcy Papers? First, it’s important to give your attorney a complete and accurate list of all property you own. Don’t leave anything out for any reason. Don’t assume you can leave out any property because, for example, you think it’s not really yours since your spouse bought it in her name only, or it really belongs to your grandpa, or you’re thinking of giving it to your child. When in doubt, talk to your attorney and ask if you need to list it in the bankruptcy...
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Potential bankruptcy clients often ask about the types of debt that can be discharged in bankruptcy. For example, some people have the mistaken belief that only credit card debt, or personal loans, or medical bills, or taxes can be put in the bankruptcy. In fact, when filing bankruptcy the attorney should include every single debt of every type, because that’s what the law requires. And, lucky for the client, bankruptcy wipes out every kind of debt, except debts the debtor obtained by fraud or dishonest conduct. Credit Card Debt is Wiped Out in Bankruptcy Credit card debt, including department store cards, is...
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