Learn the questions to ask to learn whether you should hire a particular bankruptcy lawyer or whether you should continue your bankruptcy representation search.
If you can’t exempt all of your home equity with a bankruptcy exemption, you should expect to pay a substantial monthly payment in Chapter 13. Find out how the equity in your home can affect your Chapter 13 payment.
The money owed after a car repossession is known as a “deficiency.” If a court issues a deficiency judgment, the lender can collect the money you owe for the car repossession deficiency using a wage garnishment, bank levy, or property seizure.
You’ll want to consider a couple of issues before filing for bankruptcy if you’re looking for a new job, including how a new job could affect your ability to qualify for Chapter 7.
For the most part, your 401(k) and other qualified retirement accounts (such as 403(b)s, profit-sharing and money purchase plans, IRAs, and defined-benefit plans) are safe in bankruptcy. Learn more.
Although attorney fees vary significantly, the average bankruptcy lawyer charges $1,200 to $2,000 for Chapter 7 bankruptcy services. Learn the factors determining the cost you'll pay a Chapter 7 attorney for bankruptcy representation.
Almost all states have a set of exemptions that you can use to protect property in bankruptcy. If you choose to use the state exemptions, you can also use the federal nonbankruptcy exemptions.
If you're a Florida homeowner contemplating bankruptcy, the favorable Florida exemption laws could enable you to retain all the equity in your home while discharging many debts.