Tag Archive: Bankruptcy

How bankruptcy can help save your small business

Bankruptcy isn’t just for cleaning up after the death of a business. It can keep your business alive.

How to stop using your credit card for holiday gift-giving

Especially if you’re thinking about filing bankruptcy, resist the urge to rack up a big credit card bill for Christmas and other holiday gifts.

When a bankruptcy filing does NOT stop collection actions

Your bankruptcy filing can stop all your creditors’ collection actions against you. Or can it?
Isn’t a bankruptcy filing supposed to stop all your creditors’ collection efforts against you and your property? Yes, and in fact in many cases a bankruptcy filing does exactly that. Stopping collection efforts is a benefit of […]

Do you have $50,000 to throw away?

Well, do you? You may have already thrown it away, without even thinking of it that way. The money I’m referring to here would be what you have (or had) socked away in your IRA or 401(k) account. You might be thinking about cashing out that account in order to pay your […]

Using credit reports in bankruptcy

If you are considering a bankruptcy filing but you are concerned because you don’t remember which credit card companies you owe and/or exactly how much you owe them all, what do you do?
First, don’t worry. Remember – most, if not all, of your debts are on file somewhere – in your consumer credit reports. […]

Variable income and the Chapter 7 means test

How those with variable income can pass the Chapter 7 means test.

Debt settlement isn’t usually the best option

Why you should educate yourself about bankruptcy as an option before going the debt settlement route.

Credit scores: Not all that and a bag of chips

Without a doubt, one of the most frequent questions I get is about credit scores. The question is always some version of: Will a bankruptcy ruin my credit score forever?
Americans have an unhealthy obsession with bad credit, as though a credit score were an indicator of self worth. This obsession is unnecessary. […]

Will I be able to keep anything when I file for bankruptcy?

Can you keep your property through a Chapter 7 bankruptcy? The short answer to this question is: Maybe. It depends on your situation.
This is what something called “exemptions” are for. The way I explain it to clients is this: When you file for bankruptcy, something called the “bankruptcy estate” is […]

How to get your creditors to stop harrassing you

Image by ladybeames via Flickr

One way to get your creditors to stop harassing you is by filing for bankruptcy. But how does filing for bankruptcy stop creditor calls and letters? Through something called the “automatic stay”.
The automatic stay in bankruptcy can be a powerful benefit for debtors who feel that they are being […]

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Call 201-676-0722 for a free consultation with bankruptcy lawyer Jennifer Weil.