News Topic: Bankruptcy Myths

Most people have a negative association with the word bankruptcy.  However, often what you heard is misleading and misinformed statements from people who are not well versed in bankruptcy law. Many very successful people and businesses have filed ... Read full article

Ever heard of do-it-yourself brain surgery or building your own rocket to fly to the moon? Bankruptcy isn’t brain surgery or rocket science, but it sure isn’t making Kool-Aid either. Legally you can file bankruptcy on your own, but that doesn’t mean you ... Read full article

There are two typical types of financial setbacks that lead to bankruptcy for most people: a huge surprise, and a slow and steady increase in debt.  If you are on the surprise side of things, as many of us are from time to time, it is important to follow ... Read full article

So you have some excess equity in your car of some other assets, but you cannot afford a Chapter 13 repayment plan and your income is under the median income for your family size. You still need a bankruptcy discharge to get a fresh start and begin ... Read full article

Look for value when selecting a bankruptcy attorney If you’re considering bankruptcy as an option for dealing with mounting debt, and are in the process of looking for an attorney, you may want to stop and take a moment to read Oscar Wilde. No, I don’t ... Read full article

What City and State Should I Look For a Bankruptcy Attorney In? Maybe you have recently relocated to be closer to family or friends, were forced to move for a job or, simply have ties to two locations. To make matters a little more uncomfortable, you’re in ... Read full article

Student loan debt and bankruptcy The topic of student loan debt and bankruptcy: most every bankruptcy and personal finance related website out there has written about it on numerous occasions. In fact, I authored a comprehensive post on the subject just a ... Read full article

What City and State Should I Look For a Bankruptcy Attorney In? Perhaps you have recently relocated to be closer to family or friends, were forced to move for a job or, simply have ties to two locations. To make matters a little more uncomfortable, you’re ... Read full article

Look for value when selecting a bankruptcy attorney If you’re considering bankruptcy as an option for dealing with mounting debt, and are in the process of looking for an attorney, you may want to stop and take a moment to read Oscar Wilde. No, I don’t ... Read full article

Student loan debt and bankruptcy The topic of student loan debt and bankruptcy: most every bankruptcy and personal finance related website out there has written about it on numerous occasions. In fact, I authored a comprehensive post on the subject just a ... Read full article

I Need to File Bankruptcy, But I’m Worried About My Job… If you have a job, need to file bankruptcy, and are worried about getting fired because of it, you probably shouldn’t be. The bankruptcy code prevents employers from firing you just because you have ... Read full article

Clients are always concerned about their credit score.  It is not unusual for the question “How will bankruptcy affect my credit score?” to be the first thing that comes out of someone’s mouth when they consider bankruptcy as an option.  Although ... Read full article

Retirement Accounts and Bankruptcy One of the biggest myths about bankruptcy is the idea that you will lose your retirement savings if you file. Generally speaking, this is not true. Section 522 of the Bankruptcy Code allows individual retirement accounts ... Read full article

How Can I Pay For Bankruptcy? At first blush, the title of this post “When You’re Too Broke to File Bankruptcy” may seem counter intuitive to some. After all, isn’t it people who are by definition “broke” and struggling with debt who turn to bankruptcy to ... Read full article

When someone mentions bankruptcy or foreclosure, it might make you cringe. But many residents of Dayton, Ohio, know of the financial issues that can lead someone toward those outcomes. Sometimes the two come together, but that isn’t always the case. ... Read full article

Previously, I discussed the bankruptcy rule that employers cannot fire or otherwise discriminate against employees because they filed for bankruptcy.  However, I also mentioned the difficulty in sometimes proving the causation element between the filing ... Read full article

When you are considering bankruptcy, you have often been behind on payments for months.  You have run up credit card debt, and missed payments on your car and mortgage.  And now, perhaps your lender is threatening to repossess your car.  What are your ... Read full article

Are Consumer Bankruptcy Attorneys Biased? In my experience, absolutely not. In fact, consumer bankruptcy attorneys are among the most dedicated the legal profession has to offer, performing what is sometimes a thankless job for people who are under ... Read full article