In decades past, filing for bankruptcy was equated with some level of financial failure. In truth, even a small emergency can send finances into a tailspin. Scenarios from job loss to divorce to medical emergency can upset a family’s balance and threaten a stable...
Will Wave of Business Bankruptcies Spur Personal Filings?
Anyone who has been paying attention over the past six months understands that the American economy is in trouble. Americans barely had time to rebuild from the Great Recession that started in 2008, and now we seem to be headed into another one as a result of the...
Debtor obligations when filing Chapter 13 bankruptcy
When filing for Chapter 13 bankruptcy, debtors may expect the courts to remove all financial obligations to creditors. Though bankruptcy helps minimize or erase some of these debts, Chapter 13 does not discharge all obligations. In addition to repaying creditors,...