Blog

Jan. 21, 2021

Like a consumer, a business sometimes finds itself in the uncomfortable position of being unable to pay its debts.

Jan. 21, 2021

In a Chapter 7 liquidation case, the debtor must relinquish certain property to the bankruptcy trustee so that he or she can sell the property and use the proceeds to pay off debts.

Jan. 21, 2021

“Discharge” in the bankruptcy sense refers to clearing the debtor’s slate of all, or most, past debts. Although many people expect that filing for bankruptcy will wipe out all of their debts that is not always the case.

Jan. 21, 2021

In the case of In re Daley, the Sixth Circuit Court of Appeals reversed the decisions of the bankruptcy court and the district court and held that the debtor’s IRA was still entitled to an exemption from creditors in bankruptcy proceedings

Jan. 21, 2021

Deciding to file for bankruptcy is a difficult and challenging decision. There are numerous advantages to filing for a Chapter 13 bankruptcy

Jan. 21, 2021

According to a recent survey, more older Americans are in financial danger than ever. The survey, recently from the Federal Reserve, found that older individuals are increasingly carrying credit card and mortgage debt into retirement.

Jan. 21, 2021

Understanding how the bankruptcy discharge works is important in determining whether it is right for you.

Jan. 21, 2021

It is generally a bad idea to use retirement accounts to avoid bankruptcy.