Chapter 7

While Chapter 7 bankruptcy can relieve the co-signer of their legal obligation to repay the debt, the primary borrower remains responsible. In some cases, the loan agreement has a clause that puts the loan in default upon the co-signer’s bankruptcy....

Filing for bankruptcy can be a relief for those facing financial stress. However, many fear doing so will have negative reputational or professional repercussions. Some worry that an employer or potential employer will discriminate against them if they file. Understanding...

If you’re considering filing for bankruptcy, you may have many questions. You might wonder, how much does it cost to file bankruptcy? Depending on the type of bankruptcy and the attorney you choose to handle your case, various costs are...

As a business owner, your business is important to you. Many business owners don’t realize they may be able to continue operating their business while seeking bankruptcy relief.  If you are a business owner struggling to pay your vendors and...

“Bare-legal title” is a somewhat imprecise term used to denote those instances when the legal record of ownership is separated from the equitable fact of ownership. This post is the first of several in which we will consider how those...

Many small business owners may be uncertain about what to do when their business is struggling and at what point to file a small business bankruptcy. The right steps to take will depend on the specifics of the situation. But...

Financial hardships are bad enough without the fear of losing your home. If you have difficulty making monthly payments, you may wonder whether a loan modification could prevent foreclosure. Depending on your situation, a loan modification could be helpful in...

Filing for bankruptcy can be a confusing process – as can filing your taxes. Combining the two can become even more complicated. Generally, but not always, it is better to complete your tax return before filing for bankruptcy. The team...

For some people going through or considering bankruptcy, moving can seem like an opportunity for a fresh start. Other times, a move is necessary to secure a well-paying job. One of the questions we occasionally get asked is, “Can you...

Declaring bankruptcy is a big decision — but it may be the right one. Once you move past the painful initial stage of admitting your debt is unmanageable, you can start thinking about the future. However, you may have questions...