Articles Posted in Bankruptcy

In the U. S. the 401(K) is defined as an employer-sponsored retirement plan that will let the employee put aside savings that will get an exemption for tax until they decide to withdraw it. On average 401(k)contains around $89,000 in funds. Now, when you are filing for bankruptcy, it is only natural that you will…

When you are filing for bankruptcy, your financial stability will completely change. You are filing in the first place because you are not on solid footings. Hence, your creditors will be contacted, payment plans will be made, and a list of dischargeable debts will get eliminated. But how about spousal support? Will you still have…

People often ignore the fact but divorce and bankruptcy can be closely interconnected. And when one of the spouses is filing Chapter 7 or 13 bankruptcy, it will have serious effects on child custody and domestic support. When you have filed for bankruptcy, are you wondering whether the court will take away your custody rights?…

When it comes to college education, the expenses are huge. So, when you are getting a college education in Pennsylvania, it is obvious that you have to take out a loan. For the majority of students or their parents, getting a loan is common. But when you have file for bankruptcy, does it affect your…

If you are filing for bankruptcy, certainly there are hundreds of things going on in your head. One of them is inheritance. What if you receive an inheritance right after you file for bankruptcy? Will chapter 7 and chapter 13 bankruptcy have different effects on your inheritance? Will the debtor or the court take away…

When it comes to filing bankruptcy, it is surely not an easy decision to make. Like any other normal American, you are probably worried too about filing bankruptcy and what effects it might bring in for you. So, it is completely normal that you will have hundreds of questions in mind when you are filing…

If you are facing a financial problem and failing to keep up with the home mortgage or car loan, then it is obvious that you are worried that your house will be foreclosed on or your car will be repossessed. While filing for bankruptcy, you are probably worried about the same. However, you need to…

When you are considering filing for bankruptcy, you surely have a lot going on in your mind. It is natural to feel overwhelmed with all the complex legal proceedings and documents. So, while doing all of these, it is obvious that you think that your job might have some effects on bankruptcy. But what if…

While chapter 7 is a comparatively shorter process of filing for bankruptcy which finishes in 6 months, chapter 13 bankruptcy can be a much longer procedure, taking 3 – 5 years of time. And a lot of things can happen in such a long time. So, can you file for bankruptcy again if your previous…

There are many clients for whom credit cards can be a big reason for eventually filing bankruptcy. Constantly using credit cards can push your finances over the edge forcing you to file for chapter 7 or chapter 13 bankruptcy. For some debtors, excessive use and out of control spending with the credit card can result…