Some financial situations make it obvious that the debtor needs to file for banckruptcy relief, where financial obligations can be repaid or discharged through the court system. However, not every financial situation carries with it a clear need to file…
Most debtors who file for bankruptcy are stressed out by having to attend their Section 341 meeting of creditors. In fact, most of our Northern Virginia client base walks out of the 341 meeting saying “That was a lot easier…
Many financial and legal obstacles can put pressure on individuals and businesses to file for bankruptcy. In most circumstances, there may not be a “right” time to file, but certain events can act as trigger dates by when a bankruptcy…
When debtors find themselves struggling to make payments to their creditors as they become due, they often turn to bankruptcy as a way to make it through their dilemma. Filing bankruptcy offers significant benefits to the debtor, including the statutory…
Bankruptcy and insolvency are two narrowly connected financial terms. In many cases, insolvency can lead directly to bankruptcy, either voluntarily or involuntarily. The similarities of the terms can often be confusing, as they both deal with credit, finance and debt…
As a creditor, you may have received an official notice in the mail indicating that someone you know or that owes you money has filed bankruptcy. In order to protect your interests, you should consider the following: Creditors’ Meeting and…
In most cases, bankruptcy laws serve to create a safe haven for consumers to protect themselves and their family and give them a fresh start, while at the same time allowing for the monitored distribution of non-exempt estate property to…
Americans have been reeling in the aftershock of the downturn in the economy. For some, this downturn has meant a job loss and a tightening of their finances. For others, it has meant dealing with serious personal and financial hardships…
We live in a day and age where DIY (Do-It-Yourself) advice seems to be everywhere. From home renovations to incorporating a business, people are looking to save money by doing things without the assistance of a professional. But where do…
Faced with the reality of being past due on their loans or even foreclosure, many homeowners are looking for options that might help reduce the impact on their financial future, as well as their families. One such option is a…