Bankruptcy Archives

Bankruptcy and Tax Refunds

This time of year anyone that is considering filing bankruptcy needs to be aware of how bankruptcy impacts their potential tax refund. Potential Asset When filing bankruptcy, the Debtor has an obligation to list all of their assets. That's easier...

December 12, 2019

New Bankruptcy Legislation Aims to Help Bankrupt Debtors

By Ryan Blay, W M Law Attorney at Law With pressing major legislation and partisan conflict, Congress does not always take the time to review bankruptcy legislation. When it does, however, it has taken some steps to make bankruptcy a...

October 18, 2019

Filing Bankruptcy in the United States is a legal proceeding that allows a debtor to sever the liability to certain financial liabilities. In short, allows people to get rid of debt without paying it. But, just because a person can...

August 31, 2018

Are you hibernating even though it is summer? Many clients we have seen in recent months have been hit with stagnating wages, coupled with ever-increasing costs of other necessities, have really taken a toll on the middle-class average Americans. The...

July 26, 2018

There are many options when it comes to addressing and dealing with debt problems. One popular method is working with a Debt Consolidation company. The idea behind a debt counseling company is that the company will work with your creditors...

March 26, 2018

8 out of 10 Americans Live Paycheck to Paycheck

There was a recent article in USA Today (https://www.usatoday.com/story/money/personalfinance/2017/08/24/cant-keep-up-more-americans-living-paycheck-to-paycheck/597162001/) which cited a survey performed by CareerBuilder.com that indicated that almost 80% of Americans are living paycheck to paycheck. If you think about that for a minute it will blow your...

September 26, 2017

Summer is here, and along with it often comes the opportunity to work overtime for seasonal industries such as construction and landscaping. Working overtime can be great for your family's budget, but like any seemingly good thing, there can be...

July 7, 2017

What does it mean for a debt to be “charged off?”

I meet with many people who are enduring financial problems. If their problem has persisted for an extended period of time they often have debts that are being reported as "charged off." Most people think this means the creditor is...

April 17, 2017

Many of my clients really love their credit unions because many credit unions really do provide excellent customer service – they are personable and compassionate, much more so than traditional banking giants. Many of my clients are sad to...

December 12, 2016

What If Creditors Continue to Call After Bankruptcy Filing

One of the most important and basic elements of the Bankruptcy Code is the automatic stay which comes into effect the moment a debtor files for bankruptcy. Automatic, immediate – an injunction against all your creditors to stop collection efforts. ...

November 29, 2016

Bankruptcy and Tax Refunds

New Bankruptcy Legislation Aims to Help Bankrupt Debtors

Is it okay to file Bankruptcy?

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Pros and Cons of Debt Counseling

8 out of 10 Americans Live Paycheck to Paycheck

Summer Overtime Blues

What does it mean for a debt to be “charged off?”

Credit Unions and Bankruptcy Filing

What If Creditors Continue to Call After Bankruptcy Filing

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