Learning About Bankruptcy Proceedings

  • What Can You Keep After Bankruptcy?

    1 December 2021

    People asking about bankruptcy attorney services often worry they'll be left with nothing when they're done with the process. The truth is significantly different, though. If you're trying to figure out what you'll likely be able to keep, a bankruptcy lawyer will want you to be aware of these four things. The Kind of Petition Matters  Bankruptcies fall broadly into one of two categories, restructuring and liquidation. When you restructure your debts, the creditors take a haircut on the total you owe.

  • Are You Ready to File? How to Prepare to Declare Bankruptcy

    9 July 2021

    Declaring bankruptcy is not easy. It's not the act itself that is difficult but the decision-making part of it that can hold up things. Before you file, though, you might want to be ready in every way possible so that your filing will be smooth and problem-free. The below tasks will help you ensure that happens, so read on. Be Aware of Your Credit Card Use You cannot use your credit cards with abandon during the months before filing or you might be accused of fraud.