Bankruptcy Law

Changes in Bankruptcy Law

Back in 2005 there was a great deal of publicity about dramatic changes in the Bankruptcy Law passed by Congress and signed by President George W. Bush. The media covered this rather significant event along the lines of indicating that “no one would be able to file bankruptcy anymore”. Like...

Logistics of Bankruptcy

People often wonder “How do I get from here to there” in connection with resolving financial difficulties by way of filing a bankruptcy petition. Our office has, over the years, streamlined this process so that it is as “user friendly” as possible. Basically, a client will call our office making...

How does filing bankruptcy affect my credit?

The impact of bankruptcy on one’s credit after the bankruptcy proceeding is concluded is a common question and concern. Obviously, filing bankruptcy does not help your credit rating. It will definitely help your finances, in that debts will be discharged (eliminated) in the bankruptcy proceeding. However, credit reporting companies will...

Less Common Bankruptcy Chapters

Many people are not aware of the existence of bankruptcy options other than the most common, such being Chapters 7 and 13. Chapter 11 is the third most common type of bankruptcy. Chapter 11 cases can be extremely complex and are typically used by corporations or, in limited cases, individuals...